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 ManagementFidelity'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.