At a Glance
- Tasks: Support valuation processes and collaborate with investment and risk teams.
- Company: Join Fidelity Investments, a leader in financial services and reinsurance.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Diverse workplace valuing unique perspectives and experiences.
- Why this job: Be part of a dynamic team shaping the future of annuity reinsurance.
- Qualifications: 5+ years in life insurance, FSA certification, and strong actuarial skills.
The predicted salary is between 40500 - 49500 £ per year.
Based in Bermuda, this role is a key member of the actuarial team, reporting to the Valuation Actuary.
Responsibilities
- 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 Company’s Investment, Risk, and ALM functions
- Support the Company’s 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 Company’s 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.
About Fidelity
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 experiences.
Fidelity Investments is an equal opportunity employer. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process.
Actuary in Hamilton employer: Soteria Reinsurance Ltd.
Fidelity Investments is an exceptional employer that fosters a collaborative and inclusive work culture, empowering employees to thrive in their careers. With a strong focus on professional development and a commitment to diversity, Fidelity offers unique opportunities for growth and engagement in the dynamic field of global thought leadership. Located in a vibrant environment, employees benefit from a supportive atmosphere that values innovative thinking and impactful contributions to the financial wellbeing of clients worldwide.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary in Hamilton
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Soteria Reinsurance Ltd.). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Soteria Reinsurance Ltd.. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuary in Hamilton
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Soteria Reinsurance Ltd..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Soteria Reinsurance Ltd.. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Soteria Reinsurance Ltd.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Soteria Reinsurance Ltd. to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Soteria Reinsurance Ltd., they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Soteria Reinsurance Ltd.'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
