Job Description

Job Description

Job Description

Summary

The AVP, Actuarial Models is responsible for overseeing and directing the Actuarial Model Governance team, primarily for the Moody's AXIS actuarial modeling software. Responsibilities include acting as model governor and chair of the Actuarial Model Governance Committee.

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 4-6 team members, 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

• Organizing and chairing the Actuarial Model Governance Committee
• Disciplined execution of model governance protocols is essential to ensure timeliness and accuracy of actuarial model output
• Enforce change management procedures and testing while also looking for process efficiency
• Creation and management of collaborative tools for managing change requests, testing, review and planning
• Maintain clear centralized model documentation covering things such as model methodologies and assumptions sets associated with each model release
• Creation and management of AXIS Enterprise Link work areas and user permissions to ensure software development lifecycle best practices
• Monitor cloud computing environment and collaborate closely with IT and Moody's as changes are needed
• Collaborate with F&G's internal Controls and Risk teams, as well as Internal Audit, our external auditors, and various state insurance department requests
• Accurate and timely execution of job functions are essential for this position as key management decisions and external reporting are based on the results of actuarial models
• Driving for process improvements and efficiencies.
• Provide leadership, coaching, and development to the team.

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
• Experience leading a team
• Experience with 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
• Ability 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
• Ability 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

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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, you'll 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 talentacquisition@fglife.com.

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 life's 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.

1 Top Workplaces USA 2022 – 2023

2 Des Moines Register Top Workplaces 2018 – 2022

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