Actuary

Job Summary This position's primary responsibility is to support the GAAP Actuarial Valuation and Financial Reporting procedures for Fidelity & Guaranty Life. This position will serve as the subject matter expert for GAAP valuation processes of designated lines of business, including the establishment of reserves and the calculation and reporting of actuarial intangible balances such as VOBA, DAC, DSI, and Cost of Reinsurance. Duties & Responsibilities The primary responsibility of this role is to establish GAAP reserves, intangible balances, and related financial reporting outputs for designated annuity and life insurance products of Fidelity & Guaranty Life. The position will ensure that all product lines comply with applicable federal, state, and GAAP accounting regulations. All valuation processes need to be performed in a highly controlled environment; the position will maintain, enhance, and review the various quarterly controls. The role will also review and analyze quarterly reserve and intangible balance movements to be provided to management and Finance personnel. The position will also be responsible for leading a small team of actuarial staff members. Manage staff of actuaries and/or actuarial technicians. Oversight of monthly and quarterly production of GAAP reserves and intangible balances, including VOBA, DAC, DSI, and Cost of Reinsurance, for designated lines of business. Preparation, review, and analysis of reserve and intangible balance movements. Maintenance, enhancement, and timely execution of valuation and intangibles controls. Maintenance of valuation programs for new products, new regulations, and assumption updates. Stay abreast of new GAAP regulations, accounting standards, and emerging actuarial requirements. Support internal and external audits by providing technical documentation and explanations of reserve and intangible methodologies. Supervisory Responsibilities:  This role has people leadership responsibilities, including managing performance, developing talent, and supporting engagement and team effectiveness. Knowledge, Skills & Abilities Strong technical, analytical, organizational, computer, and team skills. Solid understanding of insurance company income statements and balance sheets, including the presentation of intangible assets and liabilities. Solid understanding of GAAP accounting standards applicable to insurance products, including ASC 944 and related intangibles guidance. Solid understanding of maintaining a strong internal control environment. Proactive individual who can provide strong technical support to the Actuarial Valuation team with solid analytical skills. Self-starter who demonstrates strong initiative and displays a high energy level. Strong problem-solving skills that include advanced analytical and reasoning abilities; demonstrated ability to apply actuarial principles to complex situations. Ability to establish and maintain strong internal relationships within the company. Team player who has the ability to function as a key member of a small group in which members of the team work with great autonomy; takes a high degree of ownership for their areas of responsibility as a subject matter expert. Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Access). Ability to learn and utilize actuarial software systems, including AXIS or similar platforms. Effective verbal and written communication skills; strong presentation skills are a plus. Minimum Qualifications Bachelor's Degree in mathematics, actuarial science, or a related technical field. 5+ year of relevant experience of related actuarial experience, with a focus on GAAP valuation preferred. Prior experience with intangibles reporting, including VOBA, DAC, DSI, and/or Cost of Reinsurance, is strongly preferred. Prior experience with actuarial modeling platforms (e.g., AXIS) is a plus. License/Certification FSA and MAAA certifications are strongly preferred; ASA designation may be considered with increased levels of relevant experience. Other Requirements This position primarily involves sedentary work, requiring long periods of sitting, regular use of a computer, and occasional standing or walking, with reasonable accommodations available. Perform other functions, duties and projects as assigned Regular and punctual attendance Ability to travel up to:  10% of the time   Additional Information Work Environments F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role. F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G.  If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com.  Join our employee-centric hybrid work environment: F&G Careers About F&G Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events. As a national Top Workplace 1 , an Iowa Top Workplace 2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work. 1 Top Workplaces USA 2022 – 2023 2 Des Moines Register Top Workplaces 2018 – 2022   Notice for all Applicants who are California residents under the California Privacy Rights Act. Please click here to review the policy.