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Bermuda Monetary Authority is hiring a

Principal - Actuary, Supervision (insurance)

Deadline: 11 days
Permanent
Full-time
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The Bermuda Monetary Authority (Authority or BMA) is seeking a skilled individual to work as a Principal - Actuary in our Supervision (Insurance) Department. The Principal - Actuary will manage a team responsible for regulatory supervision activities, including monitoring and assessing insurers’ performance, analyzing regulatory reporting, and undertaking supervisory actions in accordance with legislation and strategic business goals. Key responsibilities include undertaking reviews of regulated insurance entities, performing technical reviews on reserves and models, developing plans for on-site reviews, communicating findings, conducting research, leading efforts to streamline supervisory processes, and providing training and technical support to a team.

Requirements

- A professional actuarial designation from a recognized institution or professional body (e.g., FSA, FIA, FFA, FCIA, CERA). - A minimum of seven (7) years relevant work experience, with at least three (3) years at a senior level in a regulated financial services sector, preferably in life (re)insurance and/or at a financial services regulator. - Knowledge of the Bermuda regulatory framework or other risk-based supervision regimes (e.g., Solvency II). - Familiarity with modeling tools (Excel, R, Matlab, Python) and experience in on-site reviews, credit rating reviews, and forensic accounting reviews.

Salary

Not specified

Benefits

Not specified

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