Co-op, Actuarial Assistant

Fidelity•Boston, MA

About The Position

The Fidelity Investments Life Insurance Company (“FILI”) is looking for an Actuarial Co-op. This role will work with a team of actuaries and analysts to provide computations and analyses in support of reinsurance administration and risk management for FILI, 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. The company will work with the co-op to develop their financial, business, analytical, and communication skills. The career path for the candidate leads to an exam-taking actuary on track to achieve the professional designation of Fellow in the Society of Actuaries.

Requirements

Familiarity with spreadsheet and database programs
Committed to constant self-improvement and exhibit a competitive drive
Thrive in a fast paced and team-oriented environment
Resourceful, organized, and possess the ability to prioritize multiple priorities
High aptitude to learn new things quickly and adapt to new situations
Effective listening, communication and presentation skills
Effective analytical and problem-solving skills
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