Actuary, Model Development

This position is responsible for executing model change management processes in compliance with established governance policies and procedures. The role collaborates with various teams to understand, develop, and integrate enhancements to Corporate GGY AXIS models supporting valuation, ALM, pricing, and planning purposes across six product lines: FIA, RILA, PRT, Payout Annuity, Traditional Life, and Universal Life. Regular interactions with internal groups (e.g., Valuation, ALM, Pricing) and external parties (e.g., software vendor, consultants, auditors) are inherent to these processes. Management and development of staff may also be required. Actuaries at all levels have opportunities to interact with senior leaders across disciplines and functions.

Responsibilities

• Lead and facilitate model change requirement-gathering meetings, and update related documentation in a timely manner
• Collaborate with various teams to understand 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
• Oversee and review model development performed by other developers, ensuring accuracy, efficiency, and consistency with established standards
• Serve as the F&G subject matter expert on Corporate AXIS models, providing technical model support and relevant training to actuarial users across the organization
• Develop and enhance processes to be effective, efficient, repeatable, and scalable

Supervisory Responsibilities

• Manage performance, develop talent, and support engagement and team effectiveness

Requirements

• Bachelor’s degree in mathematics, statistics, actuarial science, or related field
• 6+ years of relevant actuarial experience
• Experience with and knowledge of AXIS (preferred) or similar actuarial modeling software
• ASA designation

Preferred Qualifications

• Experience within Indexed Universal Life Insurance and Pension Risk Transfer business lines
• Experience with modeling applications that calculate or project US statutory and US GAAP quantities (e.g., Valuation, Pricing, ALM)
• FSA designation strongly preferred

Skills

• Excellent verbal, written, interpersonal, and presentation skills, including the ability to communicate with and present to all levels of management
• Self-starter who demonstrates strong initiative and operates efficiently in unpredictable and challenging project environments
• Strong problem-solving abilities, including advanced analytical and reasoning skills
• Demonstrated ability to apply actuarial principles to complex situations
• Strong project management skills, including priority setting, resource assessment, and delivery management with a focus on quality
• Team player with a demonstrated ability to proactively identify issues and influence key project decisions to achieve desired outcomes
• Extensive experience with Microsoft Office applications (Word, Excel, PowerPoint, Access)

Other Requirements

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

Work Environment

F&G offers flexible work arrangements, including in-office, hybrid, and remote options. 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 undue hardship for F&G.