Actuary, Inforce Management

Posted:
3/4/2025, 6:48:48 AM

Location(s):
California, United States

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Finance & Banking ⋅ Sales & Account Management

Workplace Type:
Hybrid

Job Summary

The Actuary, Inforce Management is responsible for the analysis of the actual emergence of customer behavior through experience analysis and the recommendation and support for all customer behavior assumptions used in pricing, modeling and reserving.  This role will develop and continuously improve routine and investigative Inforce Management reports related to the financial and risk performance of blocks and cohorts of inforce products. The position will support the Inforce Management team in identifying and executing cross-functional projects based on the findings of reports and investigations. This role is outside the function of rate-setting and formal actuarial repricing in the organization.

This position reports directly to the AVP, Inforce Management and may have one to two direct reports.

Duties and Responsibilities

  • Recommend Experience studies as well as other structural, value or methodology changes related to assumptions for the retail block to the Assumptions Committee
  • Enhance departmental processes and analytical capabilities including the deployment of new analysis techniques where appropriate
  • Maintain knowledge of emerging industry experience for product features and benefits pertinent to F&G inforce blocks, and integrate industry experience into assumption review process where F&G experience is less credible.
  • Participate in and utilize third party services and surveys to augment understanding of emerging experience and expectations of future experience, especially where F&G experience is not credible and future experience has high impact on emergence of profits.
  • Responsible for the development of management reports on the inforce blocks of business.
  • Collaborate with actuaries and non-actuaries on investigations and conclusions regarding the inforce blocks.
  • Identify, propose, and pursue opportunities to improve the financial or risk position of the inforce blocks outside of the scope of renewal rate setting or repricing.
  • Guide direct reports through iterative report development and quantitative or qualitative investigations.
  • Develop and nurture team engagement, development, and growth.
  • Support a risk aware culture within the team.
  • Develop enhancements to create repeatable and scalable processes.

Experience and Education 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 Individual Annuities and/or Individual Life Insurance products
  • Experience within an Actuarial product development function, financial reporting, or reinsurance function preferred

Knowledge, Skills & Abilities

  • Strong problem-solving skills that include advanced analytical and reasoning abilities
  • Unconditional integrity and commitment to delivering accurate information on schedule
  • Proactively identifiess issues and influences key project decisions to achieve desired outcomes
  • Operates efficiently in unpredictable environments, managing the delivery of projects in addition to individual tasks and processes
  • Collaborates with technical and non-technical audiences at all levels, through verbal or written communication

Other Requirements

  • Perform other functions, duties and projects as assigned
  • Regular and punctual attendance
  • No travel is required for this position

#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, 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.

1Top Workplaces USA 2022 – 2023

2Des Moines Register Top Workplaces 2018 – 2022

 

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Fidelity & Guaranty Life Insurance Company

Website: https://www.fglife.com/

Headquarter Location: Des Moines, Iowa, United States

Employee Count: 251-500

Year Founded: 1959

IPO Status: Public

Last Funding Type: Post-IPO Debt

Industries: Financial Services ⋅ Insurance