Managing Director, Actuary

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. * 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. * 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. * 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. 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. 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. Most associates will have a hybrid schedule with a requirement to work onsite at a Fidelity work location for at least one week, 5 consecutive days, every four weeks. 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. 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. Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.