Actuary, Experience Analysis

Posted 3ds ago

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Job Description

Actuary for Fidelity & Guaranty Life Insurance Company analyzing customer behavior and improving financial performance. Supporting Inforce Management team with data analysis and reporting.

Responsibilities:

  • Recommend Experience studies as well as other structural, value or methodology changes related to assumptions for the retail block to the Assumptions Committee
  • Enhance departmental processes and analytical capabilities including the deployment of new analysis techniques where appropriate
  • Maintain knowledge of emerging industry experience for product features and benefits pertinent to F&G inforce blocks and integrate industry experience into assumption review process where F&G experience is less credible.
  • Participate in and utilize third party services and surveys to augment understanding of emerging experience and expectations of future experience, especially where F&G experience is not credible and future experience has high impact on emergence of profits.
  • Responsible for the development of management reports on the inforce blocks of business.
  • Collaborate with actuaries and non-actuaries on investigations and conclusions regarding the inforce blocks.
  • Identify, propose, and pursue opportunities to improve the financial or risk position of the inforce blocks outside of the scope of renewal rate setting or repricing.
  • Guide direct reports through iterative report development and quantitative or qualitative investigations.
  • Develop and nurture team engagement, development, and growth.
  • Support a risk aware culture within the team.
  • Develop enhancements to create repeatable and scalable processes.

Requirements:

  • Bachelor's Degree in mathematics, actuarial science or related degree or equivalent experience
  • 5+ year of relevant experience with progressively more responsibility with a concentration on Individual Annuities and/or Individual Life Insurance products
  • 5+ year of relevant experience within an Actuarial product development function, financial reporting, or reinsurance function preferred
  • ASA and MAAA certifications; FSA Preferred

Benefits:

  • Flexible work arrangements
  • Employee-centric hybrid work environment