Actuary jobs in Boston, MA

Job Description:

Fidelity Investments Life Insurance (FILI) is looking for an Associate Actuary to help drive our annuity product development and pricing initiatives. Join a diverse team that builds, promotes, and supports Fidelity’s outstanding future state experience.

The Role

• Price and design annuity products
• Conduct cost/benefit analysis, sensitivity analysis and industry comparisons.
• Be responsible for the actuarial components of annuity filings such as actuarial memorandums, demonstrations and state responses.
• Conduct asset/liability analysis and determine credited rates for fixed products
• Develop and evaluate models that will allow clients to assess how annuities can be an important part of a financial plan.
• Analyze product experience including lapses, withdrawals, mortality, and expenses to identify trends and benchmark against pricing assumptions.
• Assess investment option lineup, recommend new additions and improvements.
• Play a key role in implementing new products by creating system specifications.
• Review product related marketing, sales and training materials.
• Participate in reinsurance discussions and related risk management exercises.
• Present to senior management on a periodic basis.

Systems Initiatives

The Expertise and Skills You Bring

• BS in Actuarial Science, Mathematics, Finance or Physics
• 10 years of proven insurance experience
• Fellow in the Society of Actuaries
• Member of the American Academy of Actuaries
• Broad based insurance background including exposure to distribution, marketing, systems, client services, and finance with a clear understanding of the interactions between these areas.
• Strong communication skills, including the ability to 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 our annuity and life insurance solutions as options is a strategic advantage for 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:

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.

At Fidelity, our goal is for most people to work flexibly in a way that balances both personal and business needs with time onsite and offsite through what we’re calling “Dynamic Working”. Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. These requirements are subject to change.

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, or by calling 800-835-5099, prompt 2, option 3.