Senior Associate Actuary

  • Location: Hamilton
  • Type: Direct Hire
  • Job #236

Senior Associate Actuary


On behalf of our client, a new life reinsurance company, is seeking applicants for a Senior Associate Actuary. Reporting to the Chief Actuary in Bermuda, the position’s primary responsibility is to support the valuation of life and annuity products. The Senior Associate Actuary will have two direct reports.


Key Duties and Responsibilities

• Oversee the valuation and reporting of the in-force and new business 

• Oversee the design, development and implementation of new treaties in the valuation system

• Responsible for maintaining the risk control matrix, performing and reviewing control testing and reporting of internal controls environment for valuation of the liabilities and maintenance of the valuation system

• Support the regulatory reporting to the BMA including technical provisions and economic valuation of liabilities

• Other ad hoc projects as assigned


Minimum Qualifications and Experience

• Bachelor’s degree in Mathematics, Actuarial Science, or related technical field

• Internationally recognized Associate level actuarial designation, with active pursuit of Fellowship

• 5 years of experience in the financial services industry modeling insurance products

• Fixed indexed annuity knowledge preferred

• Experienced with modeling and valuation of life & annuities related products

• Strong technical, analytical and organizational skills.

• Excellent computer ability (including Microsoft Suite, particularly Excel), with exposure to AXIS or similar actuarial modeling software

• Experience in communicating with auditors

• Ability to learn and utilize actuarial software systems

• Energetic, effective verbal and written communicator, with demonstrated initiative and ability to work successfully in a team

• High degree of ownership for their areas of responsibility, with flexibility to support colleagues as required

• Exhibits the Company's core values; collaboration, authenticity, dynamic and empowered


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