Co-op, FILI Actuary

Fidelity • Boston, MA

11d • $20 - $32 • Hybrid

About The Position

The Fidelity Investments Life Insurance Company (“FILI”) is looking for an Actuarial Co-op. Are you a passionate and self-motivated person who would thrive in a collaborative competitive environment? If so, come build your career with us! The Role The Actuarial Co-op will work with a team of actuaries and analysts to provide computations and analyses in support of reinsurance administration and risk management for the Fidelity Investments Life Insurance Company, a company with more than $40 billion in insurance liabilities and an integral part of one of the largest financial services firms in the US. We will work with you to develop your financial, business and analytical and communication skills. Career path for candidate leads to an exam-taking actuary on track to achieve the professional designation of Fellow in the Society of Actuaries. Fidelity Investments Life Insurance Company is a provider of retirement savings, income and protection products with over $40 billion of insurance liabilities. FILI distributes through the Fidelity Insurance Agency and is an integral contributor of customer solutions to the Fidelity Wealth business unit. We currently offer a narrow range of insurance products which are purposefully designed to be simple, easy to understand products which provide a specific value to the customer making our offerings easy to understand and easy to buy. As part of our team, you will help us monitor and manage the balance sheet risks incurred as part of our delivery of the insurance products Fidelity’s customer want and need. The Team At Fidelity Investments, our customers are at the heart of everything we do. As a privately held company with a rich 75-year history, our mission has remained the same since our founding: to strengthen the financial well-being of our clients. In support of this mission, FILI provides annuity and insurance products that help ensure our clients do not outlive their assets in retirement, safeguard portfolios from market volatility, help manage taxes, and protect against premature death.

Requirements

• You have familiarity with spreadsheet and database programs
• You are committed to constant self-improvement and exhibit a competitive drive
• You thrive in a fast paced and team-oriented environment
• You are resourceful, organized, and possess the ability to prioritize multiple priorities
• You have a high aptitude to learn new things quickly and adapt to new situations
• Your effective listening, communication and presentation skills
• Your effective analytical and problem-solving skills
• Your commitment to learning and interest in the actuarial profession

Nice To Haves

• Prior co-op or internship a plus
• Mathematics, Actuarial Science or quantitative subject major preferred
• Courses in business, accounting, finance or economics a plus
• Having passed a Society of Actuaries exam a big plus

Responsibilities

• Collecting and preparing net settlement amounts for self-administered reinsurance agreements
• Determine amounts payable on life insurance death claims
• Collecting and analyzing data in support of the company’s risk monitoring and risk management functions
• Periodically report findings and results to various internal audiences
• Manage project work to established timelines with periodic updates and proactive issue escalation/collaboration/resolution.
• Continuous documentation and audit trail improvement

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees