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For Companies At a Glance
- Tasks: Develop and maintain actuarial models for liability valuation and reinsurance transactions.
- Company: Join Soteria Reinsurance, a dynamic team within Fidelity Investments.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Be part of a newly formed team with excellent career growth opportunities.
- Why this job: Lead innovative projects in the annuity reinsurance market and make a real impact.
- Qualifications: Fellow of the Society of Actuaries with 10+ years of relevant experience.
The predicted salary is between 80000 - 100000 £ 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 employer: Soteria Reinsurance Ltd.
Contact Detail:
Soteria Reinsurance Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Modeling Actuary
✨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 even doing mock interviews with friends. Confidence is key!
✨Showcase Your Skills
Bring your A-game by showcasing your actuarial modelling skills during interviews. Consider preparing a portfolio of your work or discussing specific projects where you’ve made an impact. We want to see how you can add value to our team!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining us at Soteria Reinsurance.
We think you need these skills to ace Modeling Actuary
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 as part of a team. Share examples that demonstrate your interpersonal skills and how you contribute to achieving common goals.
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 Actuarial Models
Make sure you brush up on your knowledge of actuarial models, especially those related to liability valuation and reserving processes. Be ready to discuss your experience with MG-ALFA and how you've used it in past roles.
✨Understand the Regulatory Frameworks
Familiarise yourself with US GAAP and Bermuda's solvency framework. Prepare to explain how these frameworks impact your work and how you've navigated them in previous positions.
✨Showcase Your Team Spirit
This role requires collaboration across various corporate functions. Think of examples where you've worked effectively in a team setting and be ready to share how you can contribute to a positive team dynamic.
✨Prepare for Technical Questions
Expect technical questions related to life and annuity insurance products. Brush up on product designs and features, and be prepared to discuss your pricing experience and asset-liability risk management knowledge.