Position: Senior Actuary
Job ID: 40398
Responsibilities:
-Management of the Company’s regulatory balance sheet including the framework for monitoring resilience of the Company’s solvency.
-Provide insight into capital efficiency of strategic initiatives and new business opportunities.
-Provide actuarial and capital management support for Bermuda-oriented ad-hoc investigations and strategic projects.
-Independently review the assumptions used for the pricing of all new business and recommend adjustments
-Provide risk analysis and second line review for our US-facing reinsurance entity requiring Bermuda expertise.
- Continued development of an effective risk management framework for our US-facing reinsurance entity.
-Recommend the assumptions and methodology used for the annual CISSA exercise. Provide oversight of the CISSA process and recommend actions to ensure the CISSA capital remains within risk appetite.
-Review adequacy of EBS Technical Provisions. Assist Approved Actuary in the annual certification to the Bermuda Monetary Authority (“BMA”)
-Assist in setting the assumptions used in the Bermuda Economic Balance Sheet (“EBS”) valuations.
-Ensure the ongoing integrity of all the company’s actuarial valuation systems and models.
-Independently review the assumptions utilised annually for business planning purposes.
Qualifications:
-Fully qualified Life Actuary
-A minimum of five years of experience of pricing and/or reporting business
-->SALARY: 200-250k
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