Associate Actuary

Job Description:

Associate Actuary

The Role

Based in Boston, the Associate Actuary is a key member of Fidelity Investment Life Insurance (FILI) Company's growing product team. The Associate Actuary will help drive FILI’s innovative approach to Pricing and Product Development. The ideal candidate must have strong knowledge of individual annuity and life insurance products and pricing experience, as well as extensive technical proficiency. The candidate will help lead research initiatives and develop analysis to assess attractiveness of adding new products to FILI’s product roadmap.  Other key roles include:

• Develop models and perform analysis to support the pricing of annuity and life insurance products

• Support assessment of potential reinsurance options on annuity and life insurance products

• Support our continued product enhancements and pricing considerations on our Digital Term and Digital Annuity offerings

• Work with the broader team and our internal distribution agency on building out product specifications

• Act as a Subject Matter Expert on Fidelity insurance-related initiatives

• Utilize Microsoft Excel and other tools to develop pricing and projection models to help support the business

• Collaborate with diverse teams across Fidelity to support variety of ad hoc insurance related projects

• Clearly communicate results both in writing and in person to senior stakeholders.

Note: Fidelity is not providing immigration sponsorship for this position

The Expertise and Skills You Bring

• 10+ years of proven insurance experience.

• Fellow of the Society of Actuaries (SOA) or experienced Associate of the Society of Actuaries

• Experience with individual life insurance and annuity products.  Pricing and Product Development experience is a plus

• Technical skills to build new models and/or expand or enhance existing models including model development, testing, controls and documentation

• Critical reading and writing skills to help adhere to extensive regulatory rules related to insurance products

• Expert in Microsoft Excel and strong user of other Microsoft 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 is a plus

• 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

Outstanding opportunity to join a newly formed team at FILI. The growing FILI Product Team is a dynamic group that supports the development and management of new insurance products to provide value to Fidelity customers.  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 Brokerage and Wealth Management business units. Our products help ensure our clients do not outlive their assets in retirement, safeguard portfolios from market volatility and protect against premature death.

Certifications:

Category:Product Management

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite every other week (all business days, M-F) in a Fidelity office.