This role is based in Hamilton, Bermuda.
Gibraltar Reinsurance Company Ltd. (Gibraltar Re) and Lotus Reinsurance Company Ltd. (Lotus Re) are looking to fill a newly created Associate Actuary role.
Primary responsibilities include, but are not limited to:
- A key contributor in managing and maintaining the Bermuda reporting function in accordance with BMA regulatory rules and Bermuda accounting frameworks
- Refine existing models and build up tools for Life Reinsurance reserves and capital for annual statements, capital calculations and management reports
- Perform source of earnings analysis and help stakeholders understand change in capital level
- Work with the Team Lead and non-actuarial partners to complete annual Bermuda filing (SFS, EBS, and BSCR) and support the approved actuary's opinion and audited financial statements
- Review and validate the liability cash flows for EBS/BSCR/US GAAP Fair Value
- Responsible for creation of quarterly valuation results and forecasting and stress testing results for Gib Re
- Preparation of documents and testing for model registration and model affirmations
- Enhance actuarial processes to improve efficiency and productivity while following actuarial models' validation, maintenance and risk management requirements
- Contribute to creation, documentation and registration of assumptions in collaboration with the assumptions team
- Perform cash settlement review processes
- Collaborate and engage with key stakeholders
- Contribute to model enhancements and process improvements
- Support future Bermuda reinsurance transaction related projects
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Qualifications:
- Bachelor's Degree Required
- 3+ years of related work experience - some prior valuation and financial reporting experience preferred.
- Experience with international accounting frameworks and/or reinsurance
- Demonstrated ability to understand and apply technical aspects of external regulatory, capital and solvency requirements
- Associate of the Society of Actuaries (ASA) or similar
- Demonstrated ability to perform technical actuarial calculations, analyze and synthesize the results and communicate to others effectively
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.
Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area.
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand.
Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.