At a Glance
- Tasks: Join our actuarial team to analyse and review statutory valuation results for life and annuity reserves.
- Company: Athene, a dynamic company focused on innovation and inclusivity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Great career advancement opportunities in a flat structured organisation.
- Why this job: Make a real impact in the actuarial field while working with a supportive team.
- Qualifications: Bachelor's degree in mathematics or related field; progress towards actuarial qualification.
The predicted salary is between 60000 - 80000 £ per year.
We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations.
Purpose: Reporting to the VP, Valuation, this position will play a key role in Athene’s actuarial valuation team, with a primary focus on statutory valuation and reserving for life and annuity reinsurance business. The role will support quarterly financial reporting execution while also serving as a technical contributor on statutory reserving methodology, with particular emphasis on VM-20 and VM-22. The successful candidate will combine strong execution discipline with technical curiosity and sound actuarial judgment. This individual will help interpret evolving regulatory guidance, translate requirements into practical valuation approaches, and support implementation for Athene’s growing third-party reinsurance platform, with a particular focus on life insurance and deferred annuity business, including business originating from the APAC region.
Accountabilities:
- Produce, analyze, and review quarterly statutory valuation results, with a focus on life and annuity reserves.
- Serve as a key technical contributor on statutory reserving requirements under the NAIC Valuation Manual, including VM-20 and VM-22.
- Research and interpret evolving statutory and actuarial guidance, translating complex requirements into practical methodologies, model specifications, and reporting processes.
- Support valuation analysis for new, complex, and cross-border reinsurance transactions, especially third-party reinsurance opportunities.
- Interface with other Actuarial functions and provide new business support as required.
- Develop, execute, and review modeling processes, controls, and reconciliations to support accurate and timely reporting.
- Partner with other Actuarial functions, Finance, Risk, Investments, and other stakeholders to support reporting, transaction analysis, and business initiatives.
- Communicate valuation methodologies, results, and implications to senior management and regulatory audiences with clarity and precision.
- Provide thought leadership within the actuarial community by staying current on emerging industry practices and contributing to internal discussions on methodology and policy.
Qualifications and Experience:
- Bachelor’s degree in mathematics or any quantitative field and Associate qualification of a widely recognized actuarial body or significant progress towards a qualification.
- FSA, FCIA, FIA, or equivalent actuarial qualification preferred.
- 5+ years’ relevant experience including working in the life insurance industry.
- Proficiency in MS Office suite and any programming language.
- Strong attention to detail and ability to prioritize and manage several projects.
- Demonstrated desire to take initiative and run with projects.
- Comfortable working in a flat structured organization and interacting with senior management.
- Ability to view “big picture”, understand broad corporate impacts, and focus on company objectives.
- Excellent oral and written English language skills.
Drive. Discipline. Confidence. Focus. Commitment. Learn more about working at Athene. Athene is a Military Friendly Employer! Learn more about how we support our Veterans. Athene is committed to inclusion and is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law.
Actuary in Hamilton employer: Athene
Athene is an exceptional employer that fosters a dynamic and inclusive work environment in Hamilton, Bermuda, where employees are encouraged to pursue their ambitions and contribute meaningfully to the actuarial valuation team. With a strong focus on professional growth, competitive benefits, and a commitment to diversity, Athene empowers its actuaries to excel in their roles while supporting innovative solutions in the life insurance and reinsurance sectors.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary in Hamilton
✨Tip Number 1
Network like a pro! Reach out to fellow actuaries or professionals in the insurance industry. Attend events, webinars, or even local meet-ups. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and soft skills. Practice common actuarial scenarios and be ready to discuss how you’ve tackled challenges in past roles. Confidence is key, so let your passion for the field shine through!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you, and tailor your approach to each company’s culture and mission. It’ll make a difference!
✨Tip Number 4
Follow up after interviews! A simple thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great opportunity to reiterate why you’re the perfect fit for the team.
We think you need these skills to ace Actuary in Hamilton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Actuary role. Highlight your experience in statutory valuation and any relevant qualifications, like your progress towards an actuarial qualification.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're passionate about the actuarial field and how you can contribute to our team. Be specific about your experience with life insurance and reinsurance, and don’t forget to show off your technical curiosity!
Showcase Your Technical Skills:Since this role involves a lot of technical work, make sure to mention your proficiency in MS Office and any programming languages you know. We love candidates who can demonstrate their analytical skills and attention to detail.
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
How to prepare for a job interview at Athene
✨Know Your Numbers
As an actuary, you'll be dealing with complex data and valuations. Brush up on your technical knowledge, especially around statutory valuation methods like VM-20 and VM-22. Be prepared to discuss how you've applied these in past roles or how you would approach them in this position.
✨Show Your Curiosity
Demonstrate your technical curiosity during the interview. Ask insightful questions about the company's current valuation methodologies and how they adapt to evolving regulatory guidance. This shows you're not just a number cruncher but someone who is genuinely interested in the field.
✨Communicate Clearly
You’ll need to explain complex actuarial concepts to various stakeholders. Practice articulating your thoughts clearly and concisely. Use examples from your experience where you successfully communicated technical information to non-technical audiences.
✨Highlight Team Collaboration
This role involves working closely with other actuarial functions and departments. Share examples of how you've collaborated in the past, particularly in cross-functional teams. Emphasise your ability to work in a flat organisational structure and how you can contribute to a dynamic team environment.
