Actuary

About This Role

This Actuary role supports the Economic Balance Sheet (EBS) valuation for Bermuda and non-Bermuda entities within Group reporting. The Actuary will contribute to quarterly and annual valuations, financial and regulatory reporting, forecasting, and strategic analysis, working closely with actuarial, finance, risk, and investment teams across the Group.

Responsibilities

• Develop, maintain, and run actuarial valuation models, with appropriate data validations, reconciliations, and controls to support accurate and timely reporting
• Support quarterly and annual EBS valuations, including best estimate liabilities (BEL), risk margin, and technical provisions
• Prepare reserve rollforwards and analysis of movements, explaining the impact of business activity, market conditions, experience, and changes in assumptions or models
• Develop and enhance actuarial models for existing and new treaties, including cashflow projections and Scenario-Based Approach (SBA) modeling
• Support entity and Group regulatory filings, capital reporting, and responses to queries from regulators, auditors, and the Approved Actuary
• Contribute to forecasts, business plans, and sensitivity and scenario analysis to assess the impact of market movements, new business, and strategic initiatives on reserves and capital
• Participate in experience studies and assumption reviews, assess emerging trends, and document recommendations and impact of assumption changes
• Improve valuation processes through automation and stronger controls, maintain clear documentation of models, methodologies, assumptions, and model changes
• Manage competing priorities and deliver reporting, analysis, and special projects within agreed timeline
• Monitor relevant Bermuda Monetary Authority (BMA) developments and support the implementation of changes affecting entity and Group EBS reporting

Requirements

• FSA or equivalent
• Bachelor’s degree in mathematics, Actuarial Science, or other numerate discipline
• At least 5 years of life (re)insurance experience preferred, including valuation, financial reporting, and actuarial modeling
• Strong understanding of Bermuda EBS (preferred) or other equivalent jurisdictions (including Solvency II, Canadian standards, US Cashflow Testing)
• Proficiency with Moody’s Axis or other actuarial modeling software is required
• Experience with data management in R, Python, or related languages is a plus
• Strong technical, analytical, organizational, and business writing skills
• Remain composed under pressure and bring a positive attitude to work
• Treat others with respect and act with integrity
• Ask thoughtful questions, and constructively challenge assumptions to improve quality of the work