Valuation Actuary

Aspida; Hamilton; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading company in Bermuda is seeking a Valuation Actuary to assist with reserving and product modeling. This full-time role requires onsite presence in Bermuda and involves developing financial models, leading valuations, and ensuring compliance with regulations. Ideal candidates will have strong analytical skills, relevant actuarial qualifications, and a proactive mindset.

Qualifications

• FSA or equivalent qualification required.
• Minimum 5 years of relevant actuarial experience.

Responsibilities

• Develop financial reporting models and reports.
• Lead actuarial valuations and prepare technical provisions.

Skills

Analytical Skills

Data Management

Organizational Skills

Writing Abilities

Education

Bachelor’s degree in Mathematics

Actuarial Science

Tools

Moody’s Axis

R

Python

Job description

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Company Description:

Aspida Re Services Ltd. (“Aspida Re Services”) is a Bermuda-based service provider to Aspida Re Ltd. (“Aspida Re”), an affiliated and regulated Bermuda-domiciled Class E licensed (re)insurance company. Aspida Re provides tailored risk management solutions to annuity and life insurance companies, focusing on closed block and new business flow reinsurance of asset-intensive and interest rate-sensitive liabilities. Aspida Re Services has a team of 13 reinsurance professionals based in Hamilton, Bermuda, responsible for reinsurance pricing, operations, and risk management. Aspida is backed by Ares Management Corporation, which provides investment management, capital solutions, and corporate development support. More information is available at aspidare.bm.

Job Details:

• Type: Full-time

Role Description:

Aspida Re Services is seeking a Valuation Actuary to join their team. The role involves assisting with reserving and product modeling, reporting to the Senior Actuary, and requires onsite presence in Bermuda.

Responsibilities include but are not limited to:

1. Developing, maintaining, and executing financial reporting models and reports.
2. Leading quarterly and annual actuarial valuations, including BEL calculations and reserve rollforwards.
3. Preparing EBS technical provisions and supporting capital reporting according to BMA regulations.
4. Contributing to regulatory filings and management reports.
5. Enhancing actuarial models for existing and new treaties.
6. Participating in experience studies and refining actuarial assumptions.
7. Monitoring assumptions against current trends.
8. Maintaining documentation to ensure compliance.
9. Streamlining valuation processes and strengthening model governance.
10. Handling ad hoc projects and collaborating with teams.

Minimum Requirements:

• FSA or equivalent qualification.
• Bachelor’s degree in Mathematics, Actuarial Science, or related field.
• Minimum 5 years of relevant actuarial experience.
• Experience with US GAAP, US Stat, Bermuda EBS, or similar standards.
• Proficiency with Moody’s Axis or similar software.
• Data management skills in R, Python, or related languages are a plus.
• Strong technical and analytical skills, with good organizational and writing abilities.

Candidate Qualities:

• Ability to work under pressure with a good sense of humor.
• Respectful, with integrity.
• Questioning mindset with confidence to challenge constructively.
• Accountability and proactive in overcoming obstacles.
• Willingness to learn from failures and push boundaries.

Additional Details:

• Seniority Level: Mid-Senior
• Employment Type: Full-time
• Job Function: Finance and Sales

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