Senior Analyst

  • 36360
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • Dec 2, 2019
  • Undertaking on-site reviews and analysis of insurance managers and intermediaries by utilising various risk assessment methodologies to evaluate compliance with existing laws, regulations, policies, plans and procedures, and/ or identifying risk issues, and formulating reports on findings for submission and discussion with management.
  • Developing agendas and schedules, attending prudential meetings with insurance managers and intermediaries to discuss findings of reviews, minuting discussions/ decisions and developing corrective action plans as appropriate.
  • Undertaking projects utilising skills related to meeting the department’s supervisory and regulatory responsibilities.
  • Monitoring the market with specific focus on developments in the insurance industry, regulatory bodies/ regimes, accounting standards, as well as market information on insurance companies via monitoring of key indicators, newspapers, periodicals, media and relevant websites.
  • Working as part of the Supervision team to achieve departmental objectives.
  • Performing other related work and special projects as assigned by management.
  • A Bachelor’s Degree or equivalent qualification in Finance or Accounting from a recognised institution or professional body.
  • A minimum of five years’ relevant experience working within a regulated financial services business, preferably with experience as an insurance manager or intermediary, or a financial services regulator.
  • Experience in Life Insurance is preferred.
  • Experience conducting or participating in on-site reviews.
  • Experience in the evaluation of corporate governance structures, risk management frameworks and/or internal controls.
  • A willingness to work outside normal business hours if required.