Actuary

Role Description

This position's primary responsibility is to support the GAAP Actuarial Valuation and Financial Reporting procedures for Fidelity & Guaranty Life. This position will serve as the subject matter expert for GAAP valuation processes of designated lines of business, including the establishment of reserves and the calculation and reporting of actuarial intangible balances such as VOBA, DAC, DSI, and Cost of Reinsurance.

• Establish GAAP reserves, intangible balances, and related financial reporting outputs for designated annuity and life insurance products.
• Ensure compliance with applicable federal, state, and GAAP accounting regulations.
• Maintain, enhance, and review various quarterly controls in a highly controlled environment.
• Review and analyze quarterly reserve and intangible balance movements for management and Finance personnel.
• Lead a small team of actuarial staff members.
• Manage staff of actuaries and/or actuarial technicians.
• Oversee monthly and quarterly production of GAAP reserves and intangible balances.
• Prepare, review, and analyze reserve and intangible balance movements.
• Maintain valuation programs for new products, new regulations, and assumption updates.
• Stay abreast of new GAAP regulations, accounting standards, and emerging actuarial requirements.
• Support internal and external audits by providing technical documentation and explanations of reserve and intangible methodologies.

Qualifications

• Strong technical, analytical, organizational, computer, and team skills.
• Solid understanding of insurance company income statements and balance sheets, including the presentation of intangible assets and liabilities.
• Solid understanding of GAAP accounting standards applicable to insurance products, including ASC 944 and related intangibles guidance.
• Solid understanding of maintaining a strong internal control environment.
• Proactive individual who can provide strong technical support to the Actuarial Valuation team.
• Self-starter who demonstrates strong initiative and displays a high energy level.
• Strong problem-solving skills with advanced analytical and reasoning abilities.
• Ability to establish and maintain strong internal relationships within the company.
• Team player with the ability to function as a key member of a small group.
• Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Access).
• Ability to learn and utilize actuarial software systems, including AXIS or similar platforms.
• Effective verbal and written communication skills; strong presentation skills are a plus.

Requirements

• Bachelor's Degree in mathematics, actuarial science, or a related technical field.
• 5+ years of relevant actuarial experience, with a focus on GAAP valuation preferred.
• Prior experience with intangibles reporting, including VOBA, DAC, DSI, and/or Cost of Reinsurance, is strongly preferred.
• Prior experience with actuarial modeling platforms (e.g., AXIS) is a plus.

License/Certification

• FSA and MAAA certifications are strongly preferred; ASA designation may be considered with increased levels of relevant experience.

Other Requirements

• This position primarily involves sedentary work, requiring long periods of sitting, regular use of a computer, and occasional standing or walking, with reasonable accommodations available.
• Perform other functions, duties, and projects as assigned.
• Regular and punctual attendance.
• Ability to travel up to 10% of the time.

Benefits

• Flexible work environment, including in-office, hybrid, and remote work arrangements.
• Compliance with federal and state disability laws, with reasonable accommodations available.