What are the responsibilities and job description for the Sr. Associate Actuary, Valuation position at Fidelity & Guaranty Life Insurance Company?
Job Description
Job Description
Job Summary
The Sr. Associate Actuary role primary responsibility is to support the GAAP Actuarial Valuation and Financial Reporting procedures for Fidelity & Guaranty Life. This position will be a subject matter expert for GAAP valuation processes of the Fixed Index Annuity and Deferred Annuity lines of business. All valuation processes need to be performed in a highly controlled environment; position will maintain, enhance and review the various quarterly controls.
Duties and Responsibilities
- Establish reserves and related balances for Fixed Index Annuity and Deferred Annuity lines of business of Fidelity & Guaranty Life under the GAAP accounting basis.
- Ensure the product lines comply with the various federal and state valuation regulations.
- Review and analyze quarterly reserve / balance movements to be provided to management and Finance personnel, in particular.
- Monthly production of reserves for the GAAP valuation basis
- 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
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