CHIEF PRICING ACTUARY – BERMUDA – ONLY 6% TAX – SUPERB EXPAT PACKAGE

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Job Description

CHIEF PRICING ACTUARY – BERMUDA – ONLY 6% TAX  SUPERB EXPAT PACKAGE

About this opportunity

Our client is a major legacy reinsurer and looking for an enthusiastic Chief Pricing Actuary to join as a key member of the team to support their plans for ambitious GI growth in the years ahead.

The successful candidate will have responsibility for pricing new GI run-off portfolios, assisting in the design and implementation of new products and structures, and building strong relationships with a geographically-diverse team, including senior members of our client’s underwriting, actuarial reserving, capital management and risk functions. You will have a track record of proactively supporting profitable business growth and can anticipate high visibility both within our client organization (including senior management, Board of Directors, and investors) and externally, in the legacy reinsurance market.

Responsibilities will include, but are not limited to:

  • Providing the primary actuarial input for pricing GI run-off transactions, being mindful of return objectives and competitive constraints, with a particular focus on liability assessment and reserve and payment pattern projections
  • Developing and refining GI transaction stochastic pricing models, with specific attention to the analysis of modelling sensitivities and impact on outcomes and financial returns
  • Managing and developing one or more actuarial pricing professionals
  • Clearly and confidently articulating and communicating actuarial pricing judgments and assumptions and supporting the same with our client executive management, transaction counterparties, regulators and other key constituents
  • Working closely with our capital management and risk teams in developing and evaluating risk-adjusted GI profitability metrics and risk analytics
  • Supporting GI merger and acquisition activity
  • Monitoring the run-off competitive landscape and providing thought leadership on creative pricing constructs, emerging market opportunities, and novel deal-structuring approaches
  • Developing and refining tools to monitor pricing assumptions against actual results

Ideal Candidate Experience and Qualifications

  • Minimum of 12-15 years of experience, including management experience, in progressively more senior GI actuarial pricing and/or reserving capacities
  • Readiness and ability to create value through thought leadership and development of strategy
  • Career ACAS, FCAS, FIA, or equivalent actuarial credentials; with experience with GI legacy/run-off business, especially as respects US-based risks (strongly preferred)
  • Familiarity with legacy/run-off transaction types, including loss portfolio transfers, adverse development covers, insurance business transfers, and commutations and novations
  • Experience with various actuarial pricing tools and models, with ability to optimize production and profitability targets within our client governance, risk, and control environments
  • Ability to confidently, comfortably and effectively communicate with brokers, counterparties, investors and regulators (specifically including the Bermuda Monetary Authority), as appropriate
  • Readiness to work collaboratively with a small, experienced group of our client leaders in a high-performance, goal-oriented environment
  • A strong analytical background, preferably with familiarity with data analysis tools and actuarial modelling software, for statistical modelling of large data sets

How to apply

  • To apply in confidence or request a call back on an informal basis for further information, attach your résumé or include a link to your LinkedIn profile using the email address:   gainsboroughrecruitment@gmail.com attention:  Giuglia Gainsborough-Waring; reference GGW-113

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