Financial Reporting Actuary

  • 33259
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • Jan 24, 2018
(Re) Insurance
RESPONSIBILITIES
  • Complete the reserve and profit analysis for the actuarial processes as part of the GAAP financial close for the reinsurance unit.
  • Design and implement necessary controls to ensure results are accurate for the reinsurance unit.
  • Develop and manage the actuarial financial planning process for reinsurance unit, and ensure consistency with the rest of the Company.
  • Liaise and coordinate with actuarial and finance across the organization to ensure consistency in methodologies, assumptions and controls.
  • Ensure consistency in assumptions and methodologies for the Company’s financial close process.
  • Provide support for the statutory financial close process, including the analysis of the regulatory capital positions.
  • Provide support for modeling of new business opportunities, and lead integration of new deals into the established GAAP reporting process.
  • Support the ALM modeling process and communication to senior management by producing key profitability measures, including cost of fund analysis and experience study analysis.
  • Provide primary actuarial support for external GAAP audits for the reinsurance segments.
  • Audit and periodically evaluate the data provided by each cedent.
  • Manage and lead the Bermuda actuarial GAAP reporting team.
QUALIFICATIONS
  • Bachelor’s degree in mathematics, actuarial science, or related field.
  • ASA required, or equivalent qualification of other Actuarial professional organization, Fellowship of the Society of Actuaries (FSA) preferred.
  • 7+ years’ experience working in the life insurance industry, with majority of experience working in financial reporting.
  • Experience with US GAAP reserving and development of financial statements.
  • Ability to set and manage priorities in a changing work environment is essential.
  • Ability to interact with senior management and key stakeholders across the organization.
  • Excellent oral and written English language skills.