Actuary, New Business Rate Setting
F&G
full-time
Posted on:
Location Type: Remote
Location: Remote • 🇺🇸 United States
Visit company websiteJob Level
Mid-LevelSenior
About the role
- Lead the Annuity New Business Rate Setting team
- Rate setting, pricing, and risk analysis of F&G’s Annuity products in accordance with established pricing guidelines and profitability targets to achieve F&G’s product strategy
- Interact with distribution, implementation, and product development teams as well as others across disciplines and functions
- Manage two direct reports
- Collaborate with distribution, competitive intelligence, investments, and company management to analyze pricing for annuity new business
- Conduct pricing to evaluate product profitability
- Assess and review implementation of pricing model input or assumption updates
- Evaluate potential rate actions by collaborating with other teams
- Create summary of Annuity new business profitability and rate recommendations for management
- Recommend informed data-driven decisions based on a thorough understanding of product, profitability, capital utilization, and risk
- Update pricing models and create documentation to ensure appropriate model governance procedures are followed
- Support integration of new products into recurring pricing analysis and rate setting processes
- Develop and nurture team engagement, development, and growth
- Support a risk aware culture within the team
- Develop enhancements to create repeatable and scalable processes
Requirements
- Bachelor's degree in mathematics, actuarial science or related degree or equivalent experience
- ASA and MAAA certifications; FSA Preferred
- 5+ years actuarial experience with progressively more responsibility with a concentration on Annuity products such as Fixed Annuities, Indexed Annuities, and Registered Indexed Linked Annuities
- Experience within an Actuarial pricing function with a strong understanding of product, rate determination, capital utilization, and regulatory requirements
- Experience with and knowledge of GGY AXIS or similar actuarial modeling software
- Previous management experience preferred
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.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
rate settingpricingrisk analysisactuarial modelingproduct profitabilitydata-driven decision makingcapital utilizationregulatory requirementspricing model governanceprocess enhancement
Soft skills
leadershipteam engagementcollaborationcommunicationmanagement
Certifications
ASAMAAAFSA