1+ months

Risk Management Actuary

Guggenheim Life and Annuity Company Holdings
Indianapolis, IN 46201
  • Job Code
Guggenheim Life and Annuity Company Holdings

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

ID: 2020-1205
Category: Insurance
Position Type: Regular Full-Time


Guggenheim Life and Annuity is seeking an FSA credentialed actuary to support risk management efforts related to model risk, insurance risk, and financial risk. The actuary will support the company's Model Risk Committee and Insurance Risk Committee, providing expertise in matters of actuarial, capital, and financial modeling and risk management, and will also engage with business areas to promote risk-informed decision making.

In addition to extensive knowledge of annuity and life insurance products, including key projection components and regulatory aspects, the ideal candidate will demonstrate expertise in enterprise risk management including credit risk assessment, modeling, and monitoring current risk. Requirements include bachelor's or advanced degree in Actuarial Sciences, Mathematics, Statistics, Risk Management or related discipline, 7+ years' well-rounded actuarial experience and FSA designation.

The position is located in Indianapolis, Indiana.
Specific responsibilities include:
  • Conducts model validations for annuities and life insurance products, supporting comprehensive oversight of the company's model risks from data to delivery.
  • Reports to the Model Risk Committee on model validation outcomes, including risk assessment, appropriateness of fit, and remediation efforts.
  • Supports financial and capital modeling oversight, providing expertise in the development and governance of models.
  • Prepares reports to the Insurance Risk Committee on matters related to pricing models and targets.
  • Assists in credit risk oversight, ensuring adherence to policies related to company policies consistent with the company's risk appetite and stated risk limits.
  • Monitors emerging risks and supports management response to identified risks.
  • Provides guidance to internal stakeholders on effective risk management, including risk policy owners, risk owners, and process owners.
  • Prepares materials supporting the Company's ORSA Summary Report.
  • Supports development of capital-at-risk and risk tolerance testing methodologies.
Skills and experience required:
  • Bachelor's degree or higher in Actuarial Science, Mathematics, Statistics, Risk Management, or related field
  • Fellow of the Society of Actuaries (FSA) required with Chartered Enterprise Risk Analyst strongly preferred
  • Minimum 7 years of well-rounded actuarial experience
  • Experience in enterprise risk management in an insurance company including credit risk assessment, modeling, and monitoring
  • Extensive knowledge of annuity and life insurance products, including key projection components and regulatory aspects
  • Strong financial modeling and analytical skills
  • Strong communication and project management skills
  • Experience in actuarial financial projection software
  • Advanced Microsoft Excel skills necessary and other MS Office applications

In addition, the ideal candidate must demonstrate the following skills and attributes:
  • Driven and self-motivated
  • Analytical
  • Able to communicate results effectively
  • Inquisitive and innovative
  • Forward-looking, including the ability to anticipate questions and develop responses in advance
  • Results oriented
About Guggenheim Life and Annuity Company
Guggenheim Life and Annuity Company, a subsidiary of Guggenheim Partners, provides financial services to institutional and retail customers through fixed annuity products distributed through networks of independent marketing organizations and agents nationwide.



Posted: 2020-06-04 Expires: 2020-07-05

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Risk Management Actuary

Guggenheim Life and Annuity Company Holdings
Indianapolis, IN 46201

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