Actuary, Model Validation

Job Summary

Actuary, Model Validation develops and maintains our Microsoft Excel based model validation tools for various use cases and product lines.  The tools are essential to our governance process and need to be maintained in an efficient manner.  This role will also ensure that we look for ways to continue to gain efficiencies in the process, possibly utilizing additional applications.

This position reports to the AVP, Model Validation and will manage 2 actuarial resource, including responsibilities for developing the actuarial staff.

Duties and Responsibilities

• Collaborating with various teams to understand required changes to Corporate AXIS models used for pricing, inforce management, ALM, and valuation purposes
• Independently updating the Microsoft Excel validation tools to incorporate the necessary changes using model change management controls and efficient programming algorithms
• Ensure validation tools are developed and maintained using efficient methods
• Serving as the F&G expert on the Corporate AXIS model validation tools by providing technical support and relevant training to other actuarial users that are internal and/or external to the team
• Developing and driving enhancements to create repeatable and scalable processes
• Maintaining comprehensive documentation
• Fostering a risk aware culture within the team
• Lead and manage actuarial staff, ensuring team goals are met while developing and implementing development initiatives to enhance the skills and knowledge of actuarial staff. Fostering a collaborative and growth-oriented environment.

Experience and Education Requirements

• Bachelor’s degree in mathematics, statistics, actuarial science or related field
• FSA preferred
• 5+ years of related actuarial experience
• Experience with and knowledge of reporting and modeling of US Statutory and US GAAP reporting preferred
• Experience with Fixed Indexed Annuity, Registered Index-Linked Annuity, or reinsurance thereon, preferred
• Experience with and knowledge of AXIS or similar actuarial modeling software preferred

Knowledge, Skills & Abilities

• Extensive experience with Microsoft Excel
• Experience with VBA, Python, R, or other programming languages preferred
• Strong problem-solving skills that include advanced analytical and reasoning abilities
• Demonstrate ability to apply actuarial principles to complex situations
• Unconditional integrity and commitment to delivering accurate information on schedule
• 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)

Physical Demands and Work Environment

• Regular and punctual attendance
• Some travel required (less than 10%)

#LI-JB1

#LI-Remote

• Build a one‑page Excel “model‑validation dashboard” (e.g., for a life‑insurance pricing model) that showcases VBA macros, dynamic linking to a mock AXIS output, and clear error‑tracking logs; attach it as an appendix to your resume and be ready to walk the interviewer through the code and how it improves governance efficiency.
• In your cover letter, reference Fidelity & Guaranty’s recent regulatory filings or the “FGL Life Actuarial Outlook” (if publicly available) and explain how your experience auditing pricing or ALM models aligns with those products; this shows you’ve done company‑specific research beyond the generic actuarial resume.
• Prepare concrete STAR stories about managing junior actuaries—highlight how you set up a remote mentorship schedule, delegated Excel‑macro tasks, and measured productivity gains (e.g., 15 % faster validation cycle). Interviewers will look for leadership and the ability to maintain a dispersed team.
• During the technical interview, ask to see a snippet of the firm’s corporate AXIS model (or a description of their data flow) and propose a specific enhancement, such as automating the extraction of sensitivity results into a consolidated Excel sheet using Power Query; this demonstrates proactive problem‑solving and familiarity with their core tools.
• Research the median remote actuarial salary for “Model Validation” roles at mid‑size life insurers (≈ $115‑$130k base) and be prepared to negotiate a remote‑work stipend for home‑office equipment; frame the discussion around the added value of your Excel‑automation expertise and the cost‑savings you can deliver to the governance process.