Associate Actuary job in Boston

Boston, Massachusetts - MA Fidelity Investments

Job Ref:	2086815
Employer:	Fidelity Investments
Sector:	Investment Pensions/Retirement
Qualifications:	Part Qualified Actuary
Software:	Excel 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: Actuary Fidelity Investments Life Insurance (FILI) is looking for an Associate Actuary to help drive our future state Enterprise Risk Management Program. Be part of a diverse team that identifies, analyzes, evaluates and manages balance sheet risks of Fidelity Investments' life and annuity insurance company. 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 of the company. Maintain and enhance the companies' economic capital models. Develop, build and enhance the companies' climate change 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 proven 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 enhance 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 programing languages. Strong communication skills, including the ability to help various stakeholders understand 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 Fidelity Investments Life Insurance Company (FILI) provides 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. 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: (2086815) 5 days ago

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