Head of Actuarial Reporting

  • 37954
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • Aug 11, 2020
Reinsurance
RESPONSIBILITIES
  • Develop and maintain reinsurance actuarial reporting systems, controls and processes in Bermuda to support the financial reporting and monitoring of reinsurance business to company Retirement, Group and to the regulator.
  • Responsible for delivery of actuarial reporting, including IFRS, Solvency II, Economic Balance Sheet, CISSA and potentially embedded value results.
  • Analyze the company’s financial results, including on IFRS, Solvency II, Economic Capital and EBS bases.
  • Contribute to recommendations and design of actions to enhance capital and profitability of the company.
  • Support the international development of the company, including considering the operational and financial implications of proposals.
  • Review, develop and maintain the financial management and management information reporting capabilities for the company including business planning and forecasting of Company's financial metrics.
  • Review and validate financial metrics produced by the company's pricing and investment teams.
  • Provide actuarial support for ad-hoc investigations and strategic projects.
  • Develop and maintain an appropriate network with company and Group finance and reporting teams to ensure smooth functioning of processes.
  • Deliver effective written and verbal communication, including report writing and presenting, to all relevant parties to support effective decision making and manage the smooth and integrated delivery of business objectives.
  • Develop, coach, motivate, empower and manage actuarial reporting staff to achieve and maintain optimal employee engagement.
  • Develop and maintain highly collaborative and effective relationships at all levels within the organization, as well as externally.
  • Actively promote Company’s culture of ownership across the organization and be a role model for company behaviours of Straightforward, Collaborative and Purposeful.
  • Carry out duties with integrity and diligence, ensure that appropriate professional standards are maintained, that the pricing requirements and reporting deadlines are met, that records are maintained and that the actuarial processes are fit for purpose and meet internal and regulatory requirements.
QUALIFICATIONS
  • Fully Qualified Life Actuary.
  • A minimum of five years of post-qualification experience of annuities reporting with significant experience and demonstrated deep technical understanding of actuarial reporting in IFRS and Solvency II frameworks.
  • Familiarity of Bermuda EBS is desirable.
  • Significant understanding and experience of individual and bulk purchase annuity business and longevity swaps.
  • Demonstrated ability to understand, apply, interpret, and effectively communicate to the Board technical aspects of complex financial information, such as external regulatory reporting and capital and solvency requirements, with a passion for presenting thought leadership and recommendations.
  • Demonstrated ability to identify key issues, design and implement efficient, robust and effective actuarial processes, incorporating appropriate controls.
  • Proven experience with generating solutions to balance sheet issues, such as generating capital light solutions or restructuring the balance sheet to improve metrics.
  • Excellent people management skills, with a proven track record of maintaining high employee engagement and being a strong advocate for supporting and enriching company culture.
  • A proven track record of excellent relationship management with Executives and Boards, as well as internal stakeholder management in a global organization.
  • Demonstrated ability to act independently, as well as part of a team, and apply sound judgement and pragmatism in order to achieve business aims.
  • Ability to take a balanced view on a range of actuarial and commercial matters, taking on board the views of others and weighing potential risks, combined with the personal confidence to take and see through decisions.
  • A deep commercial awareness and a good understanding of the wider business, as well as the economic, market and regulatory environment in which the company operates.
  • Must enjoy working in a fast-paced dynamic environment, with the ability to work overtime to meet deadlines.