Chief Actuary, Fili

As a member of the Fidelity Investments Life Insurance (FILI) leadership team, the Chief Actuary will contribute proactively to the development and ongoing management of FILI's overall business strategy. They will be responsible for the company's overall product pricing, risk management, reinsurance, valuation, reserving, capital management, inforce block management, actuarial reporting, and regulatory compliance functions. They will also work closely with the Fidelity Investments management team to help coordinate and facilitate the FILI general account investment strategy. They will lead the actuarial team which is charged with all the functions outlined above.

• Plan and manage actuarial strategy in line with the Company's overall strategy and risk appetite.
• Design and develop new products, including all required risk and profitability analysis.
• Support the Chief Risk Officer, General Counsel, and risk management function in the assessment, remediation, and reporting of risks.
• Lead and develop the actuarial team overall to ensure that the Company has the actuarial talent and capabilities it requires.
• Review reinsurance transactions and arrangement from an actuarial, capital, solvency, and profitability standpoint.
• Allocate and optimize capital across products.
• Understand all underlying factors that contribute to Company performance.
• Work closely with the CIO on the investment management team to develop a comprehensive ALM framework and ongoing Strategic Asset Allocation - to effectively manage desired investment outcomes and investment risks within the Company's risk appetite.
• Develop models for internal risk management purposes.
• Prepare and present ongoing reports to various governance bodies, including the Insurance Risk Committee, Investment Committee, and Board of Directors.
• Maintain processes to monitor capital and solvency on an ongoing basis.
• Carry out duties with the highest degree of integrity - with all the appropriate records being maintained, reports being provided, and all required and necessary deadlines being met.

• A Fellow of a relevant Actuarial Society and a Bachelor's Degree in Actuarial Science, Mathematics, Statistics, or a related field.
• 15 years overall work experience, with a minimum of 10 years of relevant actuarial experience, including 5 years' supervisory experience.
• Strong technical and analytical skills, including experience of using quantitative risk models.
• Leadership and managerial proficiencies, with the ability to influence both direct and matrixed reporting relationships.
• Good problem solver with the ability to understand business drivers and needs and be able to balance desired outcomes against potential risks and challenges.
• Experience in the institutional annuity business, including pension risk transfer, stable value, and or in-plan annuities.
• Experience with pricing retail annuity (fixed and/or variable) and/or permanent life insurance.
• Leading or coordinating hedging programs, reinsurance, or other risk mediation strategies for life insurance and/or annuities.

This role is part of the Fidelity Investments Life Insurance (FILI) company, within Fidelity's Personal Investments organization.

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 working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).

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.