Senior Actuary

  • 37955
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • Aug 11, 2020
Reinsurance
RESPONSIBILITIES
  • Perform and review the actuarial reporting for the Company. Actuarial reporting will include IFRS, Solvency II and Economic Capital and will require review and validation of actuarial reporting calculations performed by Company's Finance as well as supporting new reporting methodologies in response to regulatory changes.
  • Work with Company's Finance to develop and maintain the reporting capabilities and solutions to support the international development and growth ambitions of the Company.
  • Assist with onboarding of external new business including reconciliation of reporting financial metrics against those produced by the Company's pricing team.
  • Support projects to identify areas to optimize the Company’s balance sheet on a regulatory solvency and accounting basis.
  • Understand the Company's Finance Prophet model and work with the Company's Finance to implement any assumption changes relating to external Euro or Canadian business.
  • Work with Company's Finance to develop the business plan financial projection capabilities for the Company and deliver production of the Company's business plan results, in line with the Group projection assumptions, on an annual basis.
  • Understand the reporting impact of business strategies that may include longevity, protection/mortality, and non-life reinsurance business for both external business and internal retrocession.
  • Carry out duties with integrity and diligence, ensure that appropriate professional standards are maintained, that the reporting deadlines are met and that records are maintained appropriately to meet internal and regulatory requirements.
QUALIFICATIONS
  • Qualified Life Actuary.
  • A minimum of 7 years of experience in actuarial reporting.
  • Significant experience within bulk purchase annuity business required and experience in the UK and Canadian market is strongly preferred.
  • Proven technical experience and understanding with IFRS and Solvency II balance sheet frameworks.
  • Previous experience performing, analyzing and synthesizing technical actuarial calculations and results and communicating them to others effectively.
  • Understanding of compliance standards for actuarial reporting and experience with implementation of actuarial reporting controls.
  • Versatile and able to work effectively in a small team as well as independently.
  • Organized, efficient and able to deliver reliable work of a high quality in demanding timescales.
  • Able to demonstrate strength of character, integrity and professionalism on a range of actuarial and commercial matters as well as have confidence to back own judgment.