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- Tasks: Develop and maintain actuarial models for liability valuation and reinsurance transactions.
- Company: Join Soteria Reinsurance, part of Fidelity Investments, in a dynamic team.
- Benefits: Competitive salary, professional development, and the chance to shape the future of reinsurance.
- Why this job: Be a key player in a newly formed team and make a real impact in financial services.
- Qualifications: Fellow of the Society of Actuaries with 10+ years in life and annuity insurance.
- Other info: Collaborative environment with opportunities for growth and innovation.
The predicted salary is between 36000 - 60000 £ per year.
Based in Bermuda or Boston, the Modeling Actuary is a key member of the actuarial team reporting to the Chief Actuary. In this role, you will be responsible for developing and maintaining actuarial models supporting the liability valuation and reserving process under the Bermuda EBS framework and US GAAP, and the evaluation of new reinsurance transactions.
- Assist with preparation of reports covering US GAAP, US tax, Bermuda Statutory Financial Statements, Bermuda Economic Balance Sheet, and Bermuda Solvency Capital Requirement.
- Provide additional actuarial support for the Company’s Investment, Risk, and ALM functions.
- Support the Company’s multi-year financial planning process.
- Ensure an accurate transition and smooth integration of pricing models into the Company’s corporate model framework.
- Other actuarial support as appropriate.
The Expertise and Skills You Bring
- Fellow of the Society of Actuaries.
- 10+ years of life and annuity insurance and/or reinsurance experience.
- Familiar with US life and annuity product designs and features.
- Experienced MG-ALFA user with a comprehensive actuarial modeling skillset.
- Strong US GAAP and Bermuda solvency framework experience.
- Strong interpersonal skills with a collaborative style.
- Ability to effectively prioritize and manage workload with a sense of urgency.
- Ability to be a team player, assisting where needed across various corporate functions to achieve operational goals.
Preferred Skills:
- Asset-liability risk management experience.
- Investment knowledge relevant to life reinsurance.
- Life and annuity product pricing experience.
This is an outstanding opportunity to join a newly formed team at Soteria Reinsurance within Fidelity Investments! Come lead one of the world-class financial services companies in its entry into the annuity reinsurance market. Our vision is to build a trusted partner to cedants with strong capital and investment capabilities that will be a trusted, long-term partner to our clients.
Modeling Actuary in Hamilton employer: Soteria Reinsurance Ltd.
Contact Detail:
Soteria Reinsurance Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Modeling Actuary in Hamilton
✨Network Like a Pro
Get out there and connect with fellow actuaries and industry professionals. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Ace the Interview
Prepare for your interviews by brushing up on your technical skills and understanding the company’s values. We recommend practising common actuarial interview questions and having a few examples ready to showcase your experience. Confidence is key!
✨Showcase Your Skills
Create a portfolio or a presentation that highlights your actuarial models and projects. This can really set you apart from other candidates. We love seeing practical examples of your work, so make sure to bring this along to interviews!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always on the lookout for passionate candidates who want to join our team at Soteria Reinsurance.
We think you need these skills to ace Modeling Actuary in Hamilton
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Modeling Actuary role. Highlight your experience with actuarial models, US GAAP, and any relevant software like MG-ALFA. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. We love seeing enthusiasm and a personal touch.
Showcase Your Team Spirit: Since we value collaboration, make sure to mention any experiences where you've worked effectively in a team. Share examples that demonstrate your interpersonal skills and how you contribute to group success.
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Soteria Reinsurance Ltd.
✨Know Your Numbers
As a Modeling Actuary, you'll be dealing with complex actuarial models. Brush up on your technical skills and be ready to discuss specific models you've worked on. Be prepared to explain how you’ve applied US GAAP and Bermuda solvency frameworks in your previous roles.
✨Showcase Your Collaboration Skills
This role requires strong interpersonal skills and a collaborative style. Think of examples where you've successfully worked in teams, especially across different functions like Investment or Risk. Highlight how you contributed to achieving operational goals together.
✨Prepare for Technical Questions
Expect questions that dive deep into your experience with MG-ALFA and other actuarial modelling tools. Be ready to discuss the challenges you faced and how you overcame them. This will show your problem-solving abilities and technical expertise.
✨Understand the Company’s Vision
Familiarise yourself with Soteria Reinsurance and its goals in the annuity reinsurance market. Be ready to discuss how your skills and experiences align with their vision of being a trusted partner. This shows your genuine interest in the company and the role.