Actuary, VM-22

Job Summary

This position’s primary responsibility is to support the development and implementation of VM-22 into a production environment for Fidelity & Guaranty Life.  This position will be a subject matter expert on the VM-22 regulation as well as company processes related to VM-22 for all affected lines of business including fixed indexed annuities, multi-year guarantee annuities and pension risk transfer annuities.

Duties and Responsibilities

Specific duties of the position will include:

• Identifying key drivers affecting VM-22 reserves and assisting with recommendations on assumptions or methods that optimize reserve balances while maintaining compliance with the regulation


• Working with the Reinsurance team to analyze the impact reinsurance has on the VM-22 results


• Working with the Asset Liability Management (ALM) and Investment team on strategic asset selection initiatives


• Working with the Retail and PRT Pricing teams to analyze the impact VM-22 has on pricing of new products or deals


• Presenting to leaders on analysis and key aspects of the results


• Completing user acceptance testing of the VM-22 reserve results


• Execution of controls around the reserves in a complete and accurate fashion.


• Manage an actuarial student


• Stay abreast of new regulations/requirements, etc.

Experience and Education Requirements

• Bachelor's degree in mathematics, actuarial science or related technical field.


• FSA and MAAA certifications are strongly preferred; may consider ASA designation with increased levels of experience.


• Minimum of five years of related actuarial experience.

Knowledge, Skills & Abilities

• Strong technical, analytical, organizational, computer, and team skills.


• Solid understanding of insurance company income statements and balance sheets.


• Solid understanding of maintaining a strong control environment.


• Proactive individual who can provide strong technical support to Actuarial Valuation team with solid analytical skills.


• Self-starter who demonstrates strong initiative and displays a high energy level.


• Strong problem-solving skills that include advanced analytical and reasoning abilities; demonstrated ability to apply actuarial principles to complex situations.


• Ability to establish and maintain strong internal relationships within the company.


• Team player who has the ability to function as a key member of a small group in which members of the team work with great autonomy; take a high degree of ownership for their areas of responsibility (subject matter expert).


• Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Access).


• Ability to learn and utilize actuarial software systems.


• Effective verbal and written communication skills; strong presentation skills a plus.

Other Requirements

• Perform other functions, duties and projects, as assigned.


• Regular and punctual attendance.


• Some travel may be required (less than 10%).

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