Life Insurance Actuary Expert
6 days ago
At Fidelity Investments Life Insurance Company, we are seeking a skilled Life Insurance Actuary Expert to join our team. This role is an excellent opportunity for an experienced actuary to utilize their expertise in life insurance products and drive future state reserve modeling and valuation.
About the Role
As a Life Insurance Actuary Expert, you will be responsible for supporting reserve valuation for all life insurance products. You will use advanced actuarial software to model financial projections, ensuring compliance with regulatory requirements and industry standards. Additionally, you will provide in-depth analysis to support annual certifications of reserves and reserve adequacy.
- Model actuarial values, including principle-based reserves (PBR), and ensure compliance with applicable regulations and Actuarial Standards of Practice.
- Test reserve sufficiency through statutory assets adequacy testing and GAAP loss recognition testing.
- Develop analysis and documentation needed to complete annual regulatory filings, including Statements of Actuarial Opinion, Assets Adequacy analysis memos, PBR reports, and related documents.
- Perform experience analysis and annual assumption review regarding key valuation assumptions, including mortality, lapse, withdrawal, expense, and other assumptions.
- Promote continuous improvement of the valuation environment, including valuation controls.
- Respond to company auditor and state examiner questions based on periodic audits.
The Ideal Candidate
We are looking for a highly skilled and experienced actuary with a strong background in life insurance products. The ideal candidate will have:
- Fellow of the Society of Actuaries (SOA) certification.
- 5+ years of post-FSA experience in life insurance actuarial work.
- Solid knowledge of individual annuity and life insurance products.
- Prior experience working in advanced actuarial software packages such as Prophet or AXIS.
- Familiarity with programming languages such as Python, Visual Basic, SQL, or other.
- Strong interpersonal skills, including the ability to communicate complex actuarial concepts to non-technical stakeholders.
Compensation and Benefits
This position offers a competitive salary range of $120,000 - $180,000 per year, depending on experience. We also offer a comprehensive benefits package, including medical, dental, and vision insurance, 401(k) matching, and paid time off.
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