Actuary, Risk Modeling

  • 35204
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • May 16, 2019
Insurance
RESPONSIBILITIES
  • Lead the quarterly production of cash flow testing, Bermuda Economic Balance Sheet, and Embedded Value modeling.
  • Support the Approved Actuary and the finance team on the annual regulatory filing.
  • Lead the development and maintenance of quantifying and communicating the actuarial risks of the liability portfolio as part of the overall risk framework for the company.
  • Work with asset and risk management team members to build out the ALM function and processes.
  • Assist in the development, implementation, and maintenance the regulatory capital models, working with key stakeholders.
  • Assist with quarterly financial reporting on a GAAP and US Statutory basis.
  • Support the build-out and on-going validation of the asset cash flows from the asset manager into the asset/liability models.
  • Provide support to modeling of acquisitions/new business opportunities.
  • Mentor and lead direct reports on the Risk Modeling team.
  • Design, implement, and document necessary controls to ensure results are accurate.
QUALIFICATIONS
  • Bachelor’s degree in mathematics, actuarial science, or related field.
  • Associate of the Society of Actuaries, Fellow of the Society of Actuaries preferred.
  • 6+ years’ experience working in the life insurance industry.
  • Experience with reserving guidelines for life and annuity products, as well as modeling assets and liabilities.
  • Experience with cash flow testing and/or Embedded Value.
  • Proficient in actuarial projection and valuation software, preferably in ALFA.
  • Ability to set and manage priorities in a changing work environment is essential.
  • Excellent oral and written English language skills.