Senior Officer

  • 35440
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • Jun 27, 2019
Other
RESPONSIBILITIES
  • Supporting the Company’s supervision of regulated long-term insurers focusing on underwriting, reserving, risk aggregating processes and assessment of capital requirements.
  • Supporting the Department in the development and application of statistical and financial analytics.
  • Developing industry benchmarks for methodologies and assumptions used to research and develop best practices for regulatory analytics.
  • Supporting the Department with on-site inspections, particularly with establishing appropriate insurer reserving practices and compliance with applicable legislation, codes and guidance.
  • Supporting the Licensing and Authorizations Department in relation to insurer applications and authorization requests.
  • Representing the Company at various local and international meetings, conferences and seminars involving meetings and information exchanges with regulatory bodies, government agencies and the financial services industry, to maintain and develop key relationships whilst keeping abreast of industry trends.
QUALIFICATIONS
  • A Bachelor’s degree or equivalent qualification in Actuarial Science, Mathematics, Statistics, Finance or related quantitative field.
  • A minimum of seven years’ relevant insurance experience, of which at least three years should be at a senior level.
  • Knowledge of and experience with insurance and reinsurance actuarial issues, including pricing, reserving, capital modeling, financial reporting and risk management pertaining to life insurance business
  • Knowledge of major market regulatory frameworks, particularly in Bermuda or the United States or the European Economic Area.
  • Excellent written, presentation and interpersonal skills with proven ability to communicate effectively with senior executives.