Transaction Actuary

About you and the role: A seasoned P&C Insurance Actuary to assess actuarial aspects of transaction targets globally to the M&A Transaction team and wider business. Provide actuarial support for post-deal integration. Key Accountabilities Provide actuarial expertise for pricing prospective Enstar acquisitions within the M&A Transaction team Day to day management of the reserving review for transactions, including some of the larger or complex ones. Deliver high quality assessments of reserve margin (positive or negative) and other actuarial indications after digesting voluminous amounts of diverse information under tight timeframes. Identification and efficient communication of results. Keen commercial acumen in advising Enstar on benefits and risks. Able to articulate the ‘so what’ – the financial impact of the deal / data and explain broader impacts through reporting to other parts of the M&A Transaction team and management. Ability to handle many projects with strict adherence to deadlines. Timely completion must be achieved independent of variable transaction flow. Work seamlessly with other parts of the M&A Transaction team and business more widely, including sharing knowledge and providing input. Solid communicator and a team player. Beyond the transaction work, additional tasks may include post-deal integration support and shaping the future of the M&A/Transaction Actuarial team What you will bring: Qualified P&C Actuary with at least seven years’ experience with a heavy concentration in loss reserving. Candidate must be hands on, intellectually enquiring, profit-oriented, deadline sensitive and decisive. Broad technical loss reserving experience with exposure to many lines of business, reinsurance levels, country-specific exposures and regulatory environments Ability to work independently to manage multiple tight deadlines with minimal oversight. Knowledge of many different lines of business, including long tailed lines, Asbestos/Environmental, Workers Compensation, Construction Defect, Liability, Excess Covers, and Reinsurances. Excellent written and verbal communication skills, persuasive and decisive High integrity and infallible work ethic. Experience in Mergers & acquisitions, transaction and consulting work is beneficial Team orientation – collaboration with M&A multi-disciplinary team Who we are: Enstar Group Limited (“Enstar” or “EGL”) is a leading global insurance group. Through our network of group companies, we help others – principally other insurance companies – release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these “run-off” insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio. Enstar’s solutions allow our partners to release capital, dispose of non-core businesses and portfolios, achieve early finality on legacy insurance contracts and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold. At year-end 2023 we had completed 117 transactions since the 2000. Today, Enstar is the industry’s largest standalone run-off consolidator. With around 800 global employees, our network of group companies has a significant physical presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia. Enstar maintains a strong balance sheet. We hold long-term issuer ratings of BBB+ with stable outlook by S&P and Fitch. Enstar’s capital base continues to grow, reaching $7.4 billion at the end of 2023, including $5.6 billion of shareholders’ equity and total debt of $1.8 billion. A market leader in the run-off space, Enstar leverages its expertise in claims management, risk analysis, and investments to generate value. These services make Enstar different, something unique. For further information about us, visit www.enstargroup.com. Your Benefits: Pension (Enrolment is automatic on joining with a 10% employer contribution) Dental Insurance (This is an optional taxable benefit available to employee, spouse, and dependents) Medical Insurance (This is an optional taxable benefit available to employee, spouse, and dependents through a private health network) Travel Insurance (As an employee you are automatically enrolled with business and leisure travel insurance with single, couple, family, or single parent family coverage options.) Eligible company funded annual 360 Health Assessment. Voucher for free annual eye examination. Option to loan a bicycle and safety equipment tax free. Wellness Reimbursement program (up to 700 pounds annual reimbursement for wellness related expenses, i.e, gym memberships, massage, etc.). Tusker – Electric Vehicle (A fixed monthly amount is taken directly from your gross salary and, in return, you get the use of a brand new electric car.). Optional Critical Illness coverage Automatic coverage provided by income protection programme Access to Employee Assistance Programs (EAP) for health and wellbeing One paid annual volunteer day Our Values: ENTREPRENEURIAL A characteristic that is core to our culture: we encourage an entrepreneurial spirit, our colleagues have autonomy to shape strategy, innovate new revenue streams and we reward those who are commercially focused. NIMBLE We are quick to respond to change. We embrace new technology and new lines of business according to market demands. We grasp new concepts quickly, are able to deliver in a timely manner and can improvise when needed SOLUTIONS FOCUSED We are resilient, successful, have a winning mentality, possess a strong work ethic. We believe in getting it done. TEAMWORK Our strength is working together as a Group, across regions, companies and disciplines. We firmly believe the sum of our collective effort, knowledge and ambition will always outweigh our individual contributions. We work as a trusted partner to our clients. AWARE We use our knowledge and experience to stay aware of market trends, acquisition opportunities and other influencers that could impact us and our competitors. Our constant awareness means that we are vigilant, innovative and responsive. RELEVANT At all times we strive to undertake actions that are relevant to help us achieve our vision, and to ensure we remain a provider of relevant insurance solutions to the market. We have shown a capacity to evolve and will continue to do so in order to ensure our ongoing relevance to the market. Equal Opportunities at Enstar: Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We’re an equal opportunity employer and believe that our diversity creates an authentic working culture. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation. Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.