SENIOR FINANCIAL REPORTING ACTUARY – LIFE INSURANCE – BERMUDA – 10% TAX – HR108
About this opportunity
Our client is a Bermuda-based specialist life reinsurer, serving as a global reinsurance hub for a major multinational financial services group with a long-established presence in global markets. They provide life reinsurance solutions to clients across the UK, Europe, the US, and Canada.
The Senior Reporting Actuary role supports the company’s performance strategy, focusing on actuarial reporting projects as well as the monthly reporting of annuity and longevity reinsurance business. The position is also responsible for reporting the entity’s profits and solvency in a timely and accurate manner. This role requires an actuary with reporting experience and the ability to review and challenge results, methodologies, and controls. It also involves supporting actuarial projects related to onboarding new business, group-led initiatives, internal model changes, investment strategies, and other balance sheet management efforts.
Key accountabilities include:
Work collaboratively across multiple teams to perform and review actuarial numbers for the company. Actuarial bases will include IFRS, Solvency II, EBS and Liquidity and will require review and validation of actuarial calculations and supporting new methodologies in response to regulatory changes
Collaborate with Group Divisions to maintain and enhance our reporting capabilities, supporting the company international growth
Provide actuarial project support for new business onboarding, group-led projects, and balance sheet management initiatives
Prepare insightful reports and analyses for senior management, contributing to strategic decision-making
Understand the impact of business strategies that may include longevity, protection/mortality, and non-life reinsurance business for external business and internal retrocession
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
What you’ll need
A fully qualified Actuary
A minimum of seven years of relevant experience in the life insurance sector
Significant experience and understanding of individual and bulk purchase annuity business and longevity swaps are required, with experience in the UK and/or Canadian market strongly preferred
Deep technical understanding of IFRS, Solvency II, and preferably the Bermuda EBS framework
Demonstrated understanding of compliance standards for actuarial reporting, with the proven ability to identify key issues and design and implement efficient, robust and effective actuarial processes and controls
Ability to take a balanced view on a range of actuarial and commercial matters
Strong communication skills, both written and verbal
A track record of excellent relationship management and stakeholder engagement
How to apply
To apply, attach your résumé or include a link to your LinkedIn profile
If you don't provide one of the above, we can't progress your application
For reasons of confidentiality and to ensure best match for positions, our normal practice is to submit applications to employers only after we have had a Career Consultation with candidates. In the event that you are not shortlisted for this particular vacancy, your details will be held on file and considered for other relevant opportunities.
Our clients are equal opportunity employers and value diversity. They do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you believe you deserve an exceptional career, we’ll help make it happen.
