AVP, Actuarial Models
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Job Location:
Des Moines, IA - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Job Summary
The AVP Actuarial Models is responsible for overseeing and directing the Actuarial Models team using primarily the Moodys AXIS actuarial modeling software. Responsibilities include overseeing development peer review of development and integration of coding changes to the corporate model including changes for new product implementation enhanced product features new regulatory requirements new lines of business and support for strategic initiatives including reinsurance.
Organization
This position reports to the VP Actuarial Models and will interact with multiple levels of senior management including significant ongoing exposure with VPs of Actuarial Finance IT and Risk as well as SVPs of Finance Financial Planning & Analysis (FP&A) Retail and Institutional Business Units and the Chief Actuary and Chief Risk Officer. This is a leadership position and will manage a team of 8-10 actuaries and technicians including responsibility for their selection training and development in conjunction with the Chief Actuary and Human Resources overall training and staff development plan for all actuaries.
Duties and Responsibilities
- Overseeing all aspects of the Corporate Model
- Accurate and timely execution of job functions are high priorities for this position as key management decisions and external reporting are based on the results of actuarial models
- Disciplined execution of model governance protocols is essential to ensure timeliness and accuracy of actuarial model output
- Organizing and directing prioritization for integrating model changes
- Ensuring proper controls are followed and documented for the Production region
- Maintain clear model documentation covering things such as methodologies and assumptions sets supporting each model release
- Delegating and overseeing model change development work to staff as needed
- Serving as a modeling expert for other actuarial teams on modeling best practices and assisting with training new staff
- Driving for process improvements and efficiencies.
Experience and Education Requirements
- Bachelors Degree in Actuarial Science Math Finance Statistics or other related area
- Minimum ASA; FSA preferred
- Seven to ten years of experience with actuarial models required
- 4 years experience leading a team
- 1 years experience in formal controls and working with auditors is preferred
Skills and Abilities
- Highly motivated self-starter & team player with a high energy level and willingness to take on responsibility
- Strong working knowledge of actuarial modeling systems; AXIS experience preferred
- Excellent team-building skills with the ability to recruit retain coach delegate and mentor top-quality staff
- Highly organized and disciplined enforcer of model governance protocols
- Strong understanding of actuarial projections and interactions between various product features and actuarial calculation results
- Able to work and effectively communicate with employees at all levels and from various areas within the Company
- Open and direct communicator who provides clear direction with a results-oriented style
- Unconditional integrity and commitment to delivering accurate information on schedule with committed dates of delivery
- Able to fully assess deliverable requirements against allocated resources setting priorities and calling on additional resources as required
- Ability to participate in establishing goals structures and processes necessary to implement a mission and strategic vision
- Strong problem-solving skills that include advanced analytical and reasoning abilities and ability to juggle multiple priorities simultaneously
- Support effective partnerships with key groups and individuals while possessing superior consultation and change management skills
Other Requirements
- Perform other functions duties and projects as assigned
- Regular and punctual attendance
- Ability to travel up to 10%
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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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Key Skills
- Presentation Skills
- Risk Management
- Financial Services
- IFRS
- Banking
- Pricing
- Analysis Skills
- Securities Law
- Investment Banking
- Relationship Management
- Strategic Planning
- Leadership Experience
About Company
F&G offers life insurance and annuities to help you plan and protect your future. We value collaboration, authenticity, dynamics and empowerment.
