Job Summary
The Actuarial Associate is responsible for executing model change management processes in compliance with established governance policies and procedures. This position gathers and interprets business requirements to develop and integrate enhancements to Corporate GGY AXIS models supporting valuation, ALM, pricing, and planning purposes. This position requires programming activities across all six product lines – FIA, RILA, PRT, Payout Annuity, Traditional Life and Universal Life.
Duties & Responsibilities
- Prepare and facilitate model change requirement-gathering meetings, and update related documentations in a timely manner
- Collaborate with various teams to understand the model change requirements and identify key stakeholders
- Develop model changes accurately using efficient programming techniques and adherence to Best Practices
- Update all associated model documentation (e.g. MSD, ASD, simplification) to accurately reflect assigned model changes
- Create detailed Technical documentation for model changes
- Review and validate results against requirements throughout the development process, and provide ongoing support for follow-up questions
Supervisory Responsibilities: This role does not have formal people leadership responsibilities but may provide guidance, mentorship, or subject matter expertise to others.
Knowledge, Skills & Abilities
- Strong communication and conflict resolution skills
- Self-starter who demonstrates strong initiative
- Strong problem-solving abilities, including analytical and reasoning skills; with the ability to apply actuarial principles to complex situations
- Ability to organize and manage multiple priorities effectively
- Ability to learn and utilize actuarial software systems
- Intermediate proficiency of Microsoft Office applications (Word, Excel, PowerPoint, Access).
Minimum Qualifications
- Bachelor's Degree
- 1+ year of relevant experience
- 1+ years of relevant industry experience
- At least four actuarial exams passed, with an interest in pursuing FSA
- Strong modeling/programming background
- Knowledge of and experience with GGY AXIS or other actuarial modeling software preferred
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
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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 [email protected].
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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Skills Required
- Bachelor's Degree
- 1+ years of relevant experience
- At least four actuarial exams passed
- Interest in pursuing FSA
- Strong modeling/programming background
- Knowledge of and experience with GGY AXIS or other actuarial modeling software
- Intermediate proficiency with Microsoft Word, Excel, PowerPoint, Access
- Strong communication, problem-solving, and ability to learn actuarial software systems
F&G Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about F&G and has not been reviewed or approved by F&G.
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Retirement Support — Retirement program features a strong 401(k) match that supports long‑term savings. Access to additional programs like an employee stock purchase plan further enhances wealth‑building options.
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Leave & Time Off Breadth — Time‑off offerings include paid time off, company holidays, and paid new‑parent leave for all parents. Added practices like Flex Fridays and volunteer time off broaden the overall leave experience.
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Healthcare Strength — Coverage spans medical, dental, vision, disability, life/AD&D, and an EAP, with specialized provisions such as gender affirming care and infertility support. Travel and lodging assistance for out‑of‑state care underscores the breadth of protections.
F&G Insights
What We Do
Established in 1959, F&G is headquartered in Des Moines, Iowa, and offers unique life insurance and annuity solutions to meet individual financial security needs through a national network of financial professionals. Our products have protected over 700,000 people across the United States. F&G is a company of individuals who believe in the power of partnerships, encourage innovation and creativity, and are transparent about decisions while delivering on their commitments. These values allow F&G to help you turn your aspirations into reality.
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