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Our client, Prismic Life Reinsurance Ltd., is hiring an actuary to join the fast-growing Bermuda operation. Prismic is a global reinsurance platform, established in September 2023. Our company's expertise and operational scalability allow us to provide risk and balance sheet management solutions to clients while offering investors the opportunity to participate in reinsurance as an investment. Prismic is building a core leadership group of seasoned experts with a track record of success and an ownership mindset to deliver on shared ambitions. This is a unique opportunity to join an entrepreneurial start-up that has the benefit of strong sponsorship, enabling it to scale. Our team of professionals brings commercial depth and technical expertise across various fields, including Reinsurance, Investments, Finance, Asset-Liability Management, Actuarial, Transactions, Law, Controllership, Operations, and Risk. Selected individual will be responsible for supporting Prismic's growth by supporting areas such as actuarial modeling, projection, and valuation.
Key Responsibilities:
• Perform actuarial modeling, projection, and valuation under multiple bases, including EBS, US GAAP, Embedded Value, and US Tax.
• Perform experience review, monitoring, and assumption update.
• Partner with Investment team and asset management team on strategic asset allocation and ALM to maintain a stable balance sheet with strong capital position.
• Partner with Finance team on financial reporting, results analysis, deal profit measurement and forecasting, as well as investor reporting.
• Produce risk measurement report and analytics for regulatory filing and internal management risk monitoring.
• Support the company's engagement with regulatory bodies, including SBA application, asset and derivatives approval, and prudential review. The engagement could expand to the jurisdictions as needed.
• Collaborate with Pricing/Deal team on new business onboarding and fund raising in support of top-line growth.
• Participate in operating model transformation to build a more streamlined, better controlled, and more efficient end-to-end financial operating process including data, modeling, valuation, financial reporting, and analysis.
• Collaborate with external business partners and vendors to deliver high quality results in a timely fashion, while building institutional knowledge.
• Support business and commercial undertaking, such as rating agency engagement, capital call and distribution.
Required, Skills & Qualifications:
• Fellow or near Fellow of the SOA, IFOA, FCIA, with 5+ years of actuarial professional experience.
• Working knowledge and experience with actuarial modeling software, such as pALM, MG ALFA, and Axis highly desirable.
• Working experience with Python, Power BI, and MS office is a plus.
• Ability to prioritize, plan, and execute multiple work efforts simultaneously.
• Aspired to thrive in a fast pace and dynamic professional environment, with project management and relationship management skills.
• Strong verbal & written communication skills, particularly in explaining technical challenges & writing documentation.
• Bachelor's degree in actuarial science, Mathematics, data science or a related field.
We are excited to welcome a new member to our Prismic team who is ready to take on the challenges and opportunities that come with being an actuary. If you are a driven, innovative, and experienced professional looking to make a significant impact in a growing and dynamic company, we encourage you to apply.
Join us at Prismic and be part of a team that values expertise, collaboration, and an ownership mindset. We look forward to embarking on this exciting journey together.
Requirements
Fellow or near Fellow of the SOA, IFOA, FCIA, with 5+ years of actuarial professional experience.
Working knowledge and experience with actuarial modeling software, such as pALM, MG ALFA, and Axis highly desirable.
Working experience with Python, Power BI, and MS office is a plus.
Ability to prioritize, plan, and execute multiple work efforts simultaneously.
Aspired to thrive in a fast pace and dynamic professional environment, with project management and relationship management skills.
Strong verbal & written communication skills, particularly in explaining technical challenges & writing documentation.
Bachelor's degree in actuarial science, Mathematics, data science or a related field.
Salary
Not specified
Benefits
Not specified
How to Apply
To apply please send your résumé to jobs@expertisegroup.com. All applications are handled in a confidential manner and in accordance with Expertise's Privacy Policy, available on our website.
⚠️ HOW TO APPLY - PLEASE READ: Follow the instructions found within this job listing:
➤ The "Apply Now" Button: If visible, this link redirects you to an external website (not BermudaJobFinder) which may require you to create an account.
➤ Direct Application: If the job listing asks you to apply directly but the contact info is missing, please search for the hiring company online to find their details.
BermudaJobFinder is a job board and does not recruit, place candidates or accept applications. Please do not reply to email alerts with your resume.