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Reporting to the Chief Actuary, the Senior Actuary is a strategic leader and a key member of the actuarial team. The Senior Actuary will have responsibility for a broad range of tasks including valuation, modeling, and pricing. In addition, the role will support the Chief Actuary with various tasks including financial analysis, capital planning and regulatory reporting. The ideal candidate will be a strategic leader with technical proficiency and the ability to drive change, navigating ambiguity and producing commercial results.
Key Responsibilities :
Perform quarterly actuarial valuation and annual assumption setting process
Support the actuarial aspects of financial reporting, business planning projections as well as regulatory filings
Performing in-depth experience analysis on life and annuity decrements and policyholder behavior
Support interactions with external auditors and the external Approved Actuary’s team.
In coordination with the Chief Risk Officer work to implement the design and documentation of actuarial controls and critical actuarial risk governance policies
Review and validate MG-ALFA outputs including asset and liability cashflows
Analyze and explain quarterly changes in statutory reserves
Facilitate monthly reinsurance settlement process, reviewing for accuracy and completeness
Other ad hoc projects and tasks as required
Minimum Requirements, Skills & Experience :
Bachelor’s degree in a quantitative discipline such as mathematics, statistics, actuarial science, etc.
Fellow of the Society of Actuaries or equivalent designation
7 years’ post fellowship actuarial experience with a strong preference for annuity reinsurance and asset modeling exposure
Knowledge of key financial reporting, accounting, and solvency regimes, including Bermuda Monetary Authority and / or Cayman Islands Monetary Authority regulations and Solvency II, US GAAP, US Statutory, and US tax
Experience with actuarial valuation software such as MG-ALFA required, experience in programing and systems automation a plus
Experience with actuarial valuation process design, controls, and automation preferred
Previous experience in pricing and valuation of annuity products or blocks of policies a plus
Familiarity with fixed deferred annuities (FIA, MYGA)
Strong interpersonal and communication skills with sound judgment and decision-making
Able and willing to work on multiple projects and meet tight deadlines as needed