Actuary, Model Steward

Job Summary

The Actuary's primary responsibility is to maintain actuarial models used at F&G and managing the governance and controls around the actuarial model change management process. This position is a Director level position and will be responsible for overseeing the Pension Risk Transfer, Payout, Indexed and Fixed Universal Life, and Traditional Life Corporate AXIS models. This responsibility involves overseeing model change management activities subject to a rigorous model governance environment, maintaining comprehensive model documentation, as well as preparing the models for production runs. Interactions with various internal groups (e.g., Valuation, Pricing), as well as external groups (e.g., software vendor, consultants, auditors) are inherent to these processes. Management and development of staff individuals is also required.

Duties & Responsibilities

• Collaborating with various teams to understand model enhancements to Corporate Payout, PRT, UL, and Trad AXIS models used for valuation, pricing, inforce management, ALM, and planning purposes
• Preparing the Corporate Payout, PRT, UL, and Trad AXIS models for regularly scheduled production runs
• Serving as the F&G expert on the Corporate Payout, PRT, UL, and Trad AXIS models by providing technical model support and relevant training to other actuarial users within the organization
• Fostering a strong risk management culture within the organization, including maintaining comprehensive model documentation and overseeing model change management processes
• Work with actuarial model users to ensure understanding and compliance with the actuarial model governance policies and change management procedures
• Ensure model development and integration best practices are followed during all stages of an actuarial model lifecycle
• Mentor and train more junior team members
• Functions as a subject matter expert in Actuarial and Actuarial Model Governance concepts
• Developing and enhancing processes to be effective and efficient, including being repeatable and scalable

Supervisory Responsibilities:  This role has people leadership responsibilities, including managing performance, developing talent, and supporting engagement and team effectiveness.

Knowledge, Skills, & Abilities

• Extensive experience with Microsoft Office applications (Word, Excel, PowerPoint, Access)
• Strong problem-solving skills that include advanced analytical and reasoning abilities
• Demonstration of ability to apply actuarial principles to complex situations
• Unconditional integrity and commitment to delivering accurate information on schedule
• Strong project management skills, including appropriate priority setting, resource assessment, and delivery management with quality product
• Team player with demonstrated ability to proactively identify issues and to influence key project decisions to achieve desired outcomes
• Self-starter who demonstrates strong initiative and is able to operate efficiently in unpredictable and challenging project environments
• Excellent verbal, written, interpersonal, and presentation skills (including communicating with and presenting to all levels of management)

Minimum Qualifications 

• Bachelors Degree in Mathematics, Statistics, actuarial science or related field
• ASA Required. FSA Strongly preferred
• 6 years of relevant experience
• Experience with and knowledge of Axis (preferred) or similar actuarial modeling software is required 
• Experience within the Indexed Universal Life Insurance line of business preferred 
• Experience with modeling applications that calculate or project US Statutory and US GAAP quantities preferred (e.g. Valuation, Pricing, Asset Liability Management / Cash Flow Testing)

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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