What are the responsibilities and job description for the Actuary, Actuarial Valuation position at Fidelity & Guaranty Life Insurance Company?
Job Description
Job Description
Job Summary
This position's primary responsibility is to support the Statutory / Tax Actuarial Valuation and Financial Reporting procedures at Fidelity & Guaranty Life. This position will be the subject matter expert for Statutory / Tax valuation processes for Payout Annuity and Pension Risk Transfer blocks.
Duties and Responsibilities
The primary responsibility of this role will be to establish reserves and related balances for Payout Annuity and Pension Risk Transfer blocks at Fidelity & Guaranty Life under Statutory / Tax bases. The position will ensure the product lines comply with the various federal and state valuation regulations. All valuation processes need to be performed in a highly controlled environment; position will maintain, enhance and review the various quarterly controls. Role will also review and analyze quarterly reserve / balance movements to be provided to management and Finance personnel, in particular. 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 production of reserves under the following bases : Statutory / Tax
- Preparation, review and analysis of reserve movements
- Maintenance / enhancement and timely execution of valuation controls
- Maintenance of the valuation programs for new products, new regulations, etc.
- Stay abreast of new regulations / requirements, etc.
Experience and Education Requirements
Knowledge, Skills & Abilities
Other Requirements
LI-JB1
LI-Remote
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 Workplace1, an Iowa Top Workplace2 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.
