Associate Actuary job in Boston

Boston, Massachusetts - MA Fidelity Investments

Job Ref:	2083653
Employer:	Fidelity Investments
Sector:	Investment Pensions/Retirement
Qualifications:	Part Qualified Actuary
Software:	MG-ALFA MoSes Prophet Python SQL
Job Type:	Full Time
Salary and Benefits:	Competitive
Remote:	No
Location
Country:	United States
State/Province/County:	Massachusetts - MA
City:	Boston
Post Code:	Not specified
Map:	(Show on map)
Description
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 Test reserve sufficiency through statutory assets adequacy testing and GAAP loss recognition testing Develop analysis and documentation needed to complete annual regulatory filings, including Statements of Actuarial Opinion, Assets 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) 5+ years of post-FSA experience 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 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).

ref: (2083653) 14 days ago

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Associate Actuary job in Boston

Boston, Massachusetts - MA Fidelity Investments

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