What are the responsibilities and job description for the Associate Actuary position at Fidelity Investments Life Insurance Company?
Job Description: Associate Actuary Fidelity Investments Life Insurance Company (FILI) is looking for an Associate Actuary to help drive our future state of reserve modeling and valuation for our life and annuity products. Be part of a team with wide-ranging strengths that builds, promotes, and supports Fidelity’s outstanding future state experience! The Role As Associate Actuary, you support reserve valuation for all products. You use FIS Prophet actuarial software to model financial projections which provide the basis for determining reserves, Risk Based Capital and assessment of reserve adequacy for this business. You also provide in-depth analysis to support annual certifications of reserves and reserve adequacy. Model actuarial values including principle-based reserves (PBR), and ensure compliance of reserves with applicable regulations and Actuarial Standards of Practice Research, understand, implement statutory and GAAP reserving requirements for newly developed products. Monitor regulatory developments affecting reserves and other actuarial items. Develop analysis and documentation needed to complete annual regulatory filings, including Statements of Actuarial Opinion, Asset Adequacy analysis memos, PBR reports and related documents Perform experience analysis and annual assumption review regarding key valuation assumptions including mortality, lapse, withdrawal, expense and other assumptions Promote continuous improvement of the valuation environment, including valuation controls Respond to company auditor and state examiner questions based on periodic audits The Expertise and Skills You Bring Fellow of the Society of Actuaries (SOA) or experienced Associate of the Society of Actuaries 10 years of actuarial experience, with demonstrated competency in the specific responsibilities for this position Solid knowledge of individual annuity and life insurance products Prior experience working in Prophet or another modeling software package such as AXIS, MG-ALFA, and/or MoSes Familiarity with Python, Visual Basic, SQL, or other programing languages Conforms to SOA Continuing Professional Development requirements – general qualifications Strong interpersonal skills, including the ability to help key constituents understand valuation issues and explain sophisticated topics to non-technical people at all organizational levels The Team Fidelity Investments Life Insurance Company provides financial products that help Fidelity’s investors achieve lifetime financial goals. Having our annuity and life insurance solutions as options is a strategic advantage for Personal Investing. Our products help ensure our clients do not outlive their assets in retirement, safeguard one’s portfolio from market volatility and protect against premature death and unforeseen long-term care costs. Certifications: Category: Actuarial Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office. At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want! We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences. For information about working at Fidelity, visit FidelityCareers.com. Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation please contact the following: For roles based in the US: Contact the HR Leave of Absence/Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 2 For roles based in Ireland: Contact AccommodationsIreland@fmr.com For roles based in Germany: Contact Accommodationsgermany@fmr.com Fidelity Privacy Policy
