FINANCIAL REPORTING ACTUARY – LIFE – BERMUDA – 10% TAX – HR103

About this opportunity

Our client is a leading global reinsurer of Pension Risk Transfer business. The role of the Financial Reporting Actuary is to conduct financial management and reporting of annuity and longevity reinsurance business.

Principal accountabilities include:

• Perform, review, and challenge financial reporting. Actuarial reporting includes IFRS, Solvency II and Local Economic Balance Sheet
• Work with Group Divisions to develop and maintain reporting capabilities and solutions to support the international development and growth ambitions.
• Assist with onboarding new internal and external business, including reconciliation of reporting financial metrics with pricing
• Prepare reports and analyses for review by the Head of Actuarial Reporting and the Chief Actuary, and assist in reviewing financial reporting output
• Take ownership of utilising technology to improve efficiency, control, and depth of analysis
• Develop the business plan’s financial projection capabilities and deliver results on an annual basis
• Prepare reports and analyses for review by the Chief Actuary and wider committees as necessary
• Provide actuarial support for the company ad hoc investigations and strategic projects
• Deliver effective written and verbal communication, including report writing and presentations, to relevant parties to support effective decision-making and manage the smooth and integrated delivery of business objectives
• Develop and coach others on the team and work to achieve and maintain optimal employee engagement
• Develop and maintain highly collaborative and effective relationships at all levels within the organisation as well as externally
• Actively promote our clients culture of ownership across the organisation and be a role model for the company behaviours of Straightforward, Collaborative and Purposeful
• Carry out duties with integrity and diligence, ensure that appropriate professional standards are maintained, that the reporting deadlines are met, that records are maintained appropriately, and that the actuarial processes are fit for purpose and meet internal and regulatory requirements

What you’ll need

• Fully qualified Life Actuary
• 5+ years’ recent reporting actuarial experience, with demonstrated deep technical understanding of IFRS and Solvency II balance sheet frameworks. Experience within the Bermuda Economic Balance Sheet (“EBS”) framework is an asset
• Experience and demonstrated understanding of bulk purchase annuity business is required, with experience in the UK and/or US market strongly preferred
• Demonstrated ability to understand, apply, interpret, and effectively communicate the technical aspects of complex financial information, such as external regulatory reporting, capital and solvency requirements, and IFRS reporting
• Demonstrated understanding of compliance standards for actuarial reporting, with proven ability to identify key issues and design and implement efficient, robust, and effective actuarial processes and controls
• A proven track record of excellent relationship management at all levels throughout an organisation and internal stakeholder management in a global organisation
• Demonstrated ability to act independently, as well as part of a team, and apply sound judgement and pragmatism to achieve business aims
• Ability to take a balanced view on a range of actuarial and commercial matters, take on board the views of others, and weigh potential risks, combined with the confidence to back their own judgment
• Deep commercial awareness and a good understanding of the wider business, as well as the economic, market, and regulatory environment in which our client operates
• Must be organised, highly efficient, and enjoy working in a fast-paced dynamic environment, with the ability to work overtime to meet deadlines
• Experience with the AXIS modelling software is desirable

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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Last updated on Oct 18, 2024