Hamilton Recruitment

SENIOR CAPITAL MANAGEMENT ACTUARY– LIFE PRICING – BERMUDA – 10% TAX – HR104

About this opportunity

Our client is a Bermuda-based specialist life reinsurer. The Senior Capital Management Actuary will play a critical supporting role in executing the company Bermuda based business strategy. The company operates three commercial reinsurance entities based in Bermuda, each facing different liabilities and markets. The Role Holder will be required to work across all three entities, which will entail gaining in-depth knowledge and experience across US, UK, Canadian and European products and regulatory frameworks.

Principal accountabilities include:

  • Manage the Company’s regulatory balance sheet including the framework for monitoring resilience of the Company’s solvency. Recommending actions to ensure this remains within the risk appetite determined by the Board. 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. This could involve working as a committed project team member for several months on end
  • Independently review the assumptions used for the pricing of all new business and recommend adjustments as appropriate to relevant committees to ensure they remain consistent with the Group’s Pricing Standards
  • 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 the Approved Actuary in the annual certification to the Bermuda Monetary Authority (“BMA”) on the adequacy of the valuation of Technical Provisions for EBS purposes, as well as the appropriateness of any dividend proposed by the Company

What you’ll need

  • Fully qualified Life Actuary
  • 5+ years of experience of pricing and/or reporting for UK, US, European and/or Canadian individual and bulk purchase annuity business. Detailed experience of one of these areas is essential, some experience of the other in addition is desirable
  • Demonstrated ability to understand, apply, interpret, and effectively communicate technical aspects of complex financial and business transaction information, with a passion for presenting thought leadership and recommendations
  • Demonstrated ability to design and implement efficient, robust and effective actuarial processes, incorporating appropriate controls
  • A proven track record of excellent relationship management with peers and senior management, as well as international stakeholder management in a global organization

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.