HR116: Director, Actuary | Bermuda

4 weeks ago


Hamilton, Canada Hamilton Recruitment Full time

DIRECTOR – ACTUARY – LIFE/ANNUITY – BERMUDA – 10% TAX – HR116


About this opportunity
Our client is seeking a Director Actuary to support the company's continued growth. Reporting to the Assistant Vice President, Actuary and overseeing Actuarial Associates and/or Actuarial Interns, the incumbent will play a critical role in ensuring the success of the Actuarial team, as well as supporting the success of other functions within the company.


Principal duties and responsibilities:

  • Support production of the company's quarterly and year-end US GAAP financial and regulatory reporting for senior management and the Board, as well as contribution to regulatory submissions to the Bermuda Monetary Authority (BMA) e.g., Capital & Solvency Return, Financial Condition Report, CISSA and Financial Statements
  • Develop and improve actuarial modeling and workflows to automate processes and increase operational and reporting efficiencies
  • Support production of the business plan through development of new models, assumptions and valuation processes for new deals, along with the continuous enhancement of actuarial processes and controls, production of accounting memos and responding to audit requests
  • Support governance and validation processes for the company's Scenario Based Approach “SBA” modelling
  • Conduct actual to expected experience analysis, monitor and evaluate the performance of inforce life and annuity portfolios against pricing, and develop and propose updates to valuation assumptions, as necessary
  • Ability to keep abreast of industry development, financial reporting, and regulatory market trends and understand and interpret regulatory requirements that will affect various reserving and capital bases
  • Demonstrate a continued desire to learn and take ownership of production processes and projects as a key member of the team, including sharing knowledge and managing more junior staff
  • Technical, analytical and lateral thinking individuals with an eye for detail with the ability to prioritize and meet strict deadlines to support reporting and ad hoc tasks as they arise

What you'll need:

  • Bachelor's degree in Actuarial Science, Mathematics, Finance, Risk Management or similar
  • FSA or similar designation; or ASA with 10 years' experience
  • Very strong knowledge of Scenario Based Approach/ LTDI
  • Demonstrate a minimum of 5+ years relevant full-time actuarial experience, working directly for a life/annuity (re)insurance company or consulting organization
  • Intermediate actuarial modeling skills in AXIS, Prophet
  • Advanced in Moody's AXIS
  • Intermediate knowledge of US GAAP, US Stat, Bermuda EBS and BSCR, RBC, and/ or Solvency II
  • Intermediate knowledge of fixed-income investments and modelling
  • Excellent critical thinking skills and sound judgement
  • Exhibits self-motivation and takes initiative without the need for approval
  • Ability to collaborate with a range of stakeholders within the company's and external stakeholders
  • Excellent interpersonal and communication skills both written and oral
  • Willingness and capacity to work overtime including evenings, weekends, and public holidays and on short notice when needed to meet time-sensitive tasks
  • Working knowledge of annuities (FDAs, FIAs, PAs) and life products
  • Experienced at managing projects and employees

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.

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