Associate Actuary
About The Position
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 focusing on the development, enhancement, and governance of actuarial models used 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 Respond to company auditor and state examiner questions based on periodic audits Assist with the design, implementation, and documentation of Prophet models, identifying opportunities to enhance model efficiency
Requirements
- 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
- 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
Nice To Haves
- Prior experience working in Prophet is preferred, prior experience with another modeling software package such as AXIS or MG-ALFA may be considered
Responsibilities
- Support reserve valuation for all products focusing on the development, enhancement, and governance of actuarial models used for determining reserves, Risk Based Capital and assessment of reserve adequacy for this business.
- 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
- Respond to company auditor and state examiner questions based on periodic audits
- Assist with the design, implementation, and documentation of Prophet models, identifying opportunities to enhance model efficiency
Benefits
- comprehensive health care coverage and emotional well-being support
- market-leading retirement
- generous paid time off and parental leave
- charitable giving employee match program
- educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
