Job Description:

Are you interested in relocating to Massachusetts for a position in Boston?

Fidelity Investments Life Insurance (FILI) is looking for an Associate Actuary. You will help drive our future state Enterprise Risk Management Program. In addition, you will work with a diverse team that identifies, analyzes, evaluates, and manages balance sheet risks of Fidelity Investments’ life and annuity insurance company. Do you want to be a member of this exciting team?

The Role

As Associate Actuary, you report to the company’s Chief Risk Officer and will support insurance risk management for all products. You use FIS Prophet actuarial software and Microsoft Excel to model insurance and investment risks which provide the basis for evaluating the severity and likelihood of various financial outcomes and underlie long range capital planning. You also support annual prospective solvency analysis and capital sufficiency determination. You will:

• Evaluate risks of new products including potential reinsurance options and recommend risk management solutions.
• Model risks of the company including (i) insurance risks, (ii) investment and liquidity risks and (iii) reinsurance counterparty credit risks
• Maintain and enhance the companies’ economic capital models and build and improve climate risk models.
• Promote and maintain model governance and documentation as per corporate and actuarial standards.
• Communicate results both in writing and in person to senior stakeholders.

The Expertise and Skills You Bring

• 5 years of insurance experience.
• Fellow in the Society of Actuaries. Alternatively, candidates who are Associates in the Society of Actuaries and who bring a strong modeling background will also be considered.
• Experience with individual life insurance and annuity products.
• Technical skills to build new models and/or expand or improve existing models including model development, testing, controls and documentation.
• 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 programming languages.
• Understands the risks associated with insurance products and explain sophisticated topics to non-technical people at all organizational levels.
• Ability to build and maintain positive relationships as you work collaboratively across teams.

The Team

We provide financial products that help Fidelity’s investors achieve lifetime financial goals. Having annuity and life insurance solutions as options is a strategic advantage for Fidelity’s retail division: 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. Join this Actuarial team!

Certifications:

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

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, contact the HR Accommodation Team by sending an email to accommodations@fmr.com, or by calling 800-835-5099, prompt 2, option 3.