Associate Actuary, Model Steward
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Job Location:
Des Moines, IA - USA
Monthly Salary:
Not Disclosed
Posted on:
17 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Summary
The Associate Actuary will assist the Actuarial Model Steward team with maintaining the actuarial models used at F&G and managing the governance and controls around the actuarial model change management process. This responsibility includes maintaining comprehensive model documentation and overseeing model change management activities subject to a rigorous model governance environment and collaborating with the F&G actuaries across the company.
Organization
This position will be part of the Actuarial Models team and work with actuaries from various areas within F&G Internal Controls Risk teams as well as Internal Audit and external auditors. This role will report to a Production Lead on the Model Steward team.
Duties and Responsibilities
- Collaborate with various teams to understand required changes to Corporate AXIS models used for valuation pricing inforce management ALM and planning purposes
- Execute the steps to roll the version-controlled model forward on a monthly and quarterly basis
- Performing control work on the version controlled model
- Work with actuarial model users to ensure understanding and compliance with the actuarial model governance policies and change management procedures
- Ensure model development and integration best practices are followed during all stages of an actuarial model lifecycle
- Review of actuarial model documentation including change requests and technical integration instructions
- Functions as a subject matter expert in Actuarial and Actuarial Model Governance concepts
- Contribute to the preparation and act as an active participant in Actuarial Model Governance Meetings
- Maintain comprehensive model documentation and make improvement recommendations to processes and documentation
- Mentor and train more junior team members
- Collaborate within the Actuarial Models team and with actuaries from different areas of the company
- Demonstrate knowledge of actuarial concepts and processes
Experience and Education Requirements
- ASA designation preferred.
- Bachelors Degree preferably in Actuarial Science Math Statistics or other related area
- 2 years of experience with actuarial models required
- Familiarity with life insurance and/or annuity product knowledge is required
- Experience in formal controls and working with auditors is preferred
- Understanding of actuarial projections and interactions between various product features and actuarial calculation results
- Experience with Microsoft Office Products (Excel Access Word PowerPoint)
Knowledge Skills & Abilities
- Demonstrate ability to apply actuarial principles to complex situations
- Strong working knowledge of actuarial modeling systems and model governance required
- Moodys AXIS experience preferred
- Possess strong technical skills including understanding of software development testing and life cycle management processes
- Excellent verbal written interpersonal and communication skills
- Able to work and communicate effectively with employees at all levels from various areas within the Company
- Strong problem-solving skills that include advanced analytical and reasoning abilities and ability to juggle multiple priorities simultaneously
- Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging project environments
- Team player who has the ability to function as a key member of a small group with demonstrated ability to proactively identify areas for improvement
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 youll 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
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 lifes 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.
1Top Workplaces USA
2Des Moines Register Top Workplaces
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Required Experience:
IC
Key Skills
- Python
- C/C++
- Fortran
- R
- Data Mining
- Matlab
- Data Modeling
- Laboratory Techniques
- MongoDB
- SAS
- Systems Analysis
- Dancing
About Company
F&G offers life insurance and annuities to help you plan and protect your future. We value collaboration, authenticity, dynamics and empowerment.
