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Fidelity Bank · 2 days ago

Associate Actuary

Boston, MA

Full-time

Hybrid

Senior Level, Lead/Staff

$110K/yr - $222K/yr

10+ years exp

Fidelity Investments Life Insurance Company is seeking an Associate Actuary to enhance reserve modeling and valuation for life and annuity products. The role involves supporting reserve valuation, ensuring compliance with regulations, and providing analysis for annual certifications of reserves.

BankingBitcoinCustomer ServiceFinancial ServicesInsuranceWealth Management

No H1B

Responsibilities

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

Qualification

Fellow of the SOAActuarial experienceProphet modelingIndividual annuity knowledgeGAAP reserving knowledgeInterpersonal skills

Required

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