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Role Description

This position’s primary responsibility is to support the development and implementation of VM-22 into a production environment for Fidelity & Guaranty Life. This position will be a subject matter expert on the VM-22 regulation as well as company processes related to VM-22 for all affected lines of business including fixed indexed annuities, multi-year guarantee annuities and pension risk transfer annuities.

• Identifying key drivers affecting VM-22 reserves and assisting with recommendations on assumptions or methods that optimize reserve balances while maintaining compliance with the regulation.
• Working with the Reinsurance team to analyze the impact reinsurance has on the VM-22 results.
• Working with the Asset Liability Management (ALM) and Investment team on strategic asset selection initiatives.
• Working with the Retail and PRT Pricing teams to analyze the impact VM-22 has on pricing of new products or deals.
• Presenting to leaders on analysis and key aspects of the results.
• Completing user acceptance testing of the VM-22 reserve results.
• Execution of controls around the reserves in a complete and accurate fashion.
• Manage an actuarial student.
• Stay abreast of new regulations/requirements, etc.

Qualifications

• Bachelor's degree in mathematics, actuarial science or related technical field.
• FSA and MAAA certifications are strongly preferred; may consider ASA designation with increased levels of experience.
• Minimum of five years of related actuarial experience.

Requirements

• Strong technical, analytical, organizational, computer, and team skills.
• Solid understanding of insurance company income statements and balance sheets.
• Solid understanding of maintaining a strong control environment.
• Proactive individual who can provide strong technical support to 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; take a high degree of ownership for their areas of responsibility (subject matter expert).
• Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Access).
• Ability to learn and utilize actuarial software systems.
• Effective verbal and written communication skills; strong presentation skills a plus.

Benefits

• F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements.
• 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.