AVP

  • 38995
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • Jan 29, 2021
Consulting
RESPONSIBILITIES
  • Production, analysis and presentation of the forecast and planned financial results and dividend expectations for the Company
  • Stress and scenario testing and analysis in support of the Company's risk framework
  • Development of projection capabilities on other basis, such as US GAAP and various other accounting basis as needed for collateral requirements (e.g., IFRS, SII, etc.)
  • Product development and actuarial elements of key strategic initiatives. Financial Planning and Analysis
  • Specification of actuarial model office runs to support financial plan and embedded value, including assumption development
  • Incorporation of model office output into projection model, including calculation and application of manual adjustments, quantification of synergy benefits, projection of Tier 1 capital credit, and assessment of collateral interactions
  • Analysis of results and assessment of the risks and sensitivities to achievement of the plan
  • Present findings to senior management
  • Work with Treasury Finance and Risk teams to provide information needed for financing activities or stakeholder communications
  • Recommendation of process or methodology changes to improve planning exercise. Risk Management
  • Liaise with Risk on specification of routine or ad hoc stress testing scenarios
  • Specify model office runs in support of stress testing
  • Execution of semi-annual stress testing exercise, and other ad hoc stress testing as necessary
  • Regular forecasting and stress testing of collateral requirements and recommendations for management
  • Work with CRO to evaluate new or proposed initiatives for impact on the risk position of the Company, and recommend changes to stress testing approach or parameters as required
  • Ownership and implementation of model risk guideline
  • Periodic analysis of experience underlying key actuarial assumptions. Product Development and Strategic Initiatives -Work with the new business teams to identify potential markets for reinsurance to Bermuda
  • Actuarial technical input to key projects.
QUALIFICATIONS
  • FSA, FIA or equivalent preferred. ASA with equivalent experience required
  • 8+ years of life insurance experience preferred with range of experience, including valuation, financial reporting, and modeling
  • Familiarity with Bermuda Solvency Regime (preferred) or comparable solvency based reserving regime (Solvency II, Canadian IFRS, Cash Flow Testing, etc.)
  • Bachelor’s Degree in Actuarial Science, Mathematics, Finance, Statistics, or related area.