Fidelity Investments Life Insurance (FILI) is looking for an Associate Actuary or Director 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

In this role, you are an individual contributor who reports to the life insurer’s Head of Risk and will support insurance risk management for all products. You use FIS Prophet actuarial software, Microsoft Excel and potentially other platforms and technologies to model, analyze and report insurance and investment risks which provide the basis for (i) evaluating the severity and likelihood of various financial outcomes and (ii) long range capital planning.  You also support annual prospective solvency analysis and capital sufficiency determination.  You will:

Work with the Head of Risk to enhance, document and communicate FILI and EFILI’s enterprise risk management program

Model, analyze and communicate the risks of the company including (i) insurance risks, (ii) investment and liquidity risks and (iii) reinsurance counterparty credit risks of the company.

Evaluate the effectiveness of existing risk mitigation efforts.

Develop and adopt new practices in response to new products/risks/processes.

Promote and maintain governance and documentation as per corporate and actuarial standards.

Build and maintain risk reports which align with corporate risk and industry reporting standards

Communicate results both in writing and in person to senior stakeholders.

The Expertise and Skills You Bring

5+ years of proven insurance experience or other comparable risk experience

Fellow in the Society of Actuaries.  Alternatively, candidates who are Associates in the Society of Actuaries and/or those who bring a solid annuity/insurance background and demonstrated organizational skills will also be considered.

The ability to juggle priorities, to multi-task and to keep stakeholders updated on progress and status of various responsibilities.

Strong analytical skills and the technical skills to manipulate large relational data tables and extract pertinent data for analysis.

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 within and across teams.

The Team

The FILI Reinsurance and Risk Management Team is a relatively small but nimble group of actuaries and analysts tasked with risk management responsibilities of the Fidelity Investments Life Insurance Company (FILI) and its NY subsidiary, Empire Fidelity Investments Life Insurance Company (EFILI).  FILI and EFILI, together, provide 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.

Company Overview

Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.

Join Us

At Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees’ Choice Award, we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.

Fidelity’s hybrid working model blends the best of both onsite and offsite work experiences. Having the majority of our associates work onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most roles listed as Hybrid will require associates to work onsite all business days of every other week in a Fidelity office. This does not apply to roles listed as Remote or Onsite.

At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document, and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.

We invite you to Find Your Fidelity at fidelitycareers.com.

Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.

Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to accommodations@fmr.com.