What are the responsibilities and job description for the AVP, Retail Pricing & Design position at Fidelity & Guaranty Life Insurance Company?

Job Description

Job Summary

This position is responsible for product planning, design, and pricing of F&G Protection products in accordance with established pricing guidelines and profitability targets for Life product and is expected to provide product expertise, product strategy, and thought leadership to develop products that achieve F&G's product strategy.

This position reports directly to the VP, Protection Segment Product Officer and is expected to interact with the Product Implementation Team, the Portfolio Product Manager, the Distribution lead, and the Pricing Risk Committee team as well as others across disciplines and functions.

This position is expected to be active in industry committees to be aware of Actuarial and regulatory activity that will influence the Company's product strategy and portfolio. This position will have direct and indirect reports.

Duties and Responsibilities

Collaboration with product leadership including Portfolio Product Manager, Distribution Leads, Marketing, and Competitive Intelligence to deliver product from concept phase through implementation
Responsible for the development and pricing of Life products from the concept phase through implementation by :

Providing preliminary pricing to support concept development

Creating pricing framework and filing strategy in planning phase

Determining product features, collaborating with Protection Segment Leadership and Risk Committees to develop awareness and ensure understanding and buy-in of implications of design and feature decisions by Actuarial leadership

Leading product pricing including risk analysis, pricing analysis, and product approval

Developing product specifications and handoff to Implementation team

Ownership and understanding of product, profitability, and risk to maximize profitability while achieving portfolio strategy

Direct pricing model build, documentation, and handoff ensuring appropriate model governance procedures are followed

Develop and nurture team engagement, development, and growth

Foster a risk aware culture within the team

Encourage, develop, and drive enhancements to create repeatable and scalable processes

Experience and Education Requirements

Bachelor's degree or equivalent experience required

ASA and MAAA certifications required, FSA preferred

Minimum of 7 years of related actuarial experience with progressively more responsibility with a concentration on Indexed Universal Life

4 years of experience and leadership within an Actuarial product development function with a strong understanding of product, distribution, and regulatory requirements

Experience with and knowledge of GGY AXIS or similar actuarial modeling software

Experience leading a team and providing leadership within an organizational structure and able to establish processes necessary to implement strategic vision

Knowledge, Skills and Abilities

Demonstrated ability to apply actuarial principles to complex and ambiguous situations

Strong problem-solving skills that include advanced analytical and reasoning abilities

Ability to manage multiple key initiatives at one time and provide priority setting, resource assessment, and delivery management

Unconditional integrity and commitment to delivering accurate information on schedule

Demonstrated ability to proactively identify issues and to influence key project decisions to achieve desired outcomes

Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging project environments

Ability to collaborate with and influence technical and non-technical audiences at all levels of leadership, either through verbal or written forms of communication

Other Requirements

Perform other functions, duties and projects as assigned

Regular and punctual attendance

Some travel required (less than 10%)

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

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