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: Dynamic work environment with a focus on diversity and inclusion.
- Why this job: Be part of a new 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.
Soteria Reinsurance Ltd. is an excellent employer that fosters a diverse and inclusive work culture, where unique perspectives are valued and encouraged. As a Quant Data Ops Associate, you will have access to robust employee growth opportunities and the chance to enhance your skills in a dynamic environment focused on making financial expertise accessible. Located in a vibrant area, our company offers a supportive atmosphere that prioritises both professional development and personal well-being.
