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**Actuary** | Key to Valuation and Reporting in Bermuda-Based Team - Develop & maintain actuarial models for liability valuation, reserving, & US GAAP; support quarterly & year-end reporting. - Collaborate with stakeholders to design, document, & improve valuation processes; provide actuarial support to Investment, Risk & ALM functions. - transition pricing models & support multi-year financial planning; assist Approved Actuary & external auditors. - Bring 5+ years life & annuity experience, FSA Fellowship, & proficiency in MG-ALFA. Demonstrate strong US GAAP & Bermuda solvency framework knowledge. - Prove excellent interpersonal skills, workload management, & teamwork; preferred skills include valuation, ALM, financial reporting, & investment knowledge. - Join Soteria Reinsurance at Fidelity Investments, a leader expanding into annuity reinsurance, emphasizing collaboration and success.
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Currency: Not specified
Full Job Description
Job Description:
Actuary
The Role
Based in Bermuda, this role is a key member of the actuarial team, reporting to the Valuation Actuary. The role will be responsible for developing and maintaining actuarial models supporting the liability valuation and reserving under the Bermuda EBS framework and US GAAP, as well as contributing to the overall valuation reporting process.
Support end-to-end EBS and US GAAP valuation process, including quarterly and year-end reporting
Assist in the design, governance and documentation of the valuation process
Provide additional actuarial support for the Companys Investment, Risk, and ALM functions
Support the Companys multi-year financial planning process
Provide support to the Approved Actuary and external auditors in meeting the reporting requirements
Ensure an accurate transition and smooth integration of pricing models into the Companys corporate model framework
Other actuarial support as appropriate
The Expertise and Skills You Bring
5+ years of life and annuity insurance and/or reinsurance experience
Fellow of the Society of Actuaries (FSA)
Familiar with US life and annuity product designs and features
Experienced MG-ALFA user with a comprehensive actuarial modeling skillset
Strong US GAAP and Bermuda solvency framework experience
Strong interpersonal skills with a collaborative style
Ability to effectively prioritize and manage workload with a sense of urgency
Ability to be a team player, assisting where needed across various corporate functions to achieve operational goals
Preferred Skills:
Valuation and capital management
Asset-liability management (ALM) experience
Financial reporting and analysis, with familiarity in regulatory reporting frameworks
Actuarial modeling expertise, including model governance, controls and validation
Investment knowledge relevant to life reinsurance
The Team
This is an outstanding opportunity to join a newly formed team at Soteria Reinsurance within Fidelity Investments! Come lead one of the world-class financial services companies in its entry into the annuity reinsurance market. Our vision is to build a trusted partner to cedants with strong capital and investment capabilities that will be a trusted, long-term partner to our clients.
Certifications:
Category:
ActuarialApply
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Benefits that balance life and work
From our fully paid parent leave to our on-site health and wellness centers, our benefits support the belief that more balance you have, the better you can achieve your goals.
Company overview
Company overview
At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want. We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates. We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experience.
Reasonable accommodations
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.
Equal opportunity employer
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.
Applicant screening
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 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.
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