Actuarial Associate

Resolution Life Group Services Limited; Hamilton; Hybrid; GBP 32,000 - 52,000; Full time

Job summary

Resolution Life Group Services Limited is seeking an Actuarial Analyst to support actuarial reporting, reserve calculations, capital modeling, and regulatory requirements. The role involves producing monthly and quarterly results, maintaining models, and contributing to financial reporting across bases.

As part of the Actuarial Student Program, progress toward actuarial qualifications is encouraged. The role offers exposure to international reporting bases and opportunities to automate processes

Qualifications

• Bachelor's degree in actuarial science, Mathematics, Statistics, or a related field.
• Or Other bachelor's degree with at least one Actuarial exam passed under SOA/IFOA.
• Progress toward actuarial exams (SOA/IFoA) is preferred.
• Past Actuarial Internship or Actuarial experience is preferred.

Responsibilities

• Assist in actuarial reporting and reserve calculations.
• Support annual and quarterly regulatory filings and capital modelling.
• Run AXIS models for monthly and quarterly results.
• Contribute to management reporting for US GAAP/Bermuda EBS/Collateral.
• Develop and improve actuarial controls and processes.
• Progress toward actuarial credentials through exams.

Skills

Excel proficiency

Analytical skills

Teamwork

Communication skills

Education

Bachelor's degree in actuarial science or related field

Actuarial exam progress (SOA/IFoA)

Tools

Python

R

VBA

Job description

ABOUT US

Resolution Life is a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies. The Resolution Life Group is headquartered in Bermuda and operates globally through operations in Bermuda, the U.K., the U.S., and Singapore. Resolution Life proactively manages an open and dynamic work environment, with an international team that is focused on applying technical expertise and technology to developing solutions for our counterparties.

POSITION SUMMARY

The Actuarial Analyst supports actuarial reporting, reserve calculations, capital modeling, and regulatory requirements. The role involves producing and analyzing monthly and quarterly results, maintaining actuarial models and controls, supporting process improvements, and contributing to financial reporting across multiple reporting bases. As part of the Actuarial Student Program, the incumbent is expected to actively pursue professional actuarial qualifications through exam progression.

KEY ACCOUNTABILITIES

• Support the preparation of financial reports, including reserve calculations, capital modeling, and regulatory filings (e.g., BSCR, US GAAP, Collateral Reporting).
• Perform and update AXIS runs to produce results on both monthly and quarterly basis.
• Perform monthly and quarterly collateral calculation for reinsurance cedents.
• Providing analysis, including reserve movement and sensitivities, for various reporting basis such as Bermuda Economic balance sheet, US GAAP, Collateral.
• Maintaining and improving Actuarial controls.
• Analyze reinsurance data to identify trends and support actual vs expected analysis.
• Assist in creating management reporting for US GAAP/Bermuda EBS/Collateral.
• Help calculate reserves, liabilities, and other key financial metrics.
• Participate in the automation and enhancement of actuarial processes and reporting tools.
• Progress toward actuarial credentials through exam completion.
• This role is part of the Actuarial Student Program.

QUALIFICATIONS, SKILLS & EXPERIENCE

Bachelor's degree in actuarial science, Mathematics, Statistics, or a related field. Or Other bachelor's degree with at least one Actuarial exam passed under SOA/IFOA. Progress toward actuarial exams (SOA/IFoA) is preferred. Past Actuarial Internship or Actuarial experience is preferred. Strong analytical and problem-solving skills. Proficiency in Excel; familiarity with programming languages (e.g., Python, R, VBA) is a plus. Excellent communication and teamwork abilities. High attention to detail and strong organizational skills. Ability to work collaboratively in a team environment.

CHARACTERISTICS

Strong quantitative skills. Ability to learn quickly in a fast-moving environment. Collaborative approach to sharing workload and leverage skill sets. Strong organisational skills and the ability to cope with changing priorities. Effective communication skills both verbal and written and the ability to present results to a non-technical audience. Ability to work as an individual contributor and take initiative to learn new things. Ability to recognise potential conflicts and acknowledge where guidance is required / necessary.

CRITICAL SKILLS

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

RESOLUTION LIFE

Resolution Life was founded with a clear mission: to support the long-term growth of the primary life insurance industry and deliver on our commitments to our policyholders, for the benefit of society. We serve that mission by acting as a global custodian to the life insurance and annuity industry by providing capital for growth through reinsurance and acquiring and managing portfolios of life insurance companies. Our innovative approach ensures promises can be kept, the primary market can grow, and everyone involved can have a secure financial future. In fact, we pride ourselves on innovating fit-for-purpose solutions to our customers' challenges. We seek talented, ambitious people who dare to be different in their thinking, willingly collaborate, thrive in a dynamic, agile environment and share our desire to drive change for a better future. We will support you to drive your own career and achieve your full potential at Resolution Life. We’ve got big ambitions for the future and know we’ve got the best people to take us there. We hope to offer our people a career, not just a job.