Actuary

Soteria Reinsurance Ltd.; Hamilton; Hybrid; GBP 133,000 - 207,000; Full time

Job summary

Soteria Reinsurance Ltd. within Fidelity Investments is seeking an Actuary based in Bermuda to lead end-to-end valuation activities, including US GAAP quarterly and year-end reporting.

The role requires 5+ years of life and annuity experience, FSA, familiarity with US product designs and MG-ALFA modeling, and strong knowledge of Bermuda solvency and US product designs. You will support investment, risk, and ALM functions and collaborate across teams to ensure accurate pricing model integration

Qualifications

• 5+ years of life and annuity insurance and/or reinsurance experience.
• Fellow of the Society of Actuaries (FSA).
• 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 prioritise 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.

Responsibilities

• Support end-to-end EBS and US GAAP valuation process, including quarterly and year-end reporting
• Assist in the design, governance and documentation of the valuation process
• Provide additional actuarial support for the Company’s Investment, Risk, and ALM functions
• Support the Company’s multi-year financial planning process
• Provide support to the Approved Actuary and external auditors in meeting the reporting requirements
• Ensure an accurate transition and smooth integration of pricing models into the Company’s corporate model framework
• Other actuarial support as appropriate

Skills

Life & annuity experience

Fellow of the Society of Actuaries (FS

US GAAP experience

Interpersonal skills

Team collaboration

Prioritisation & workload management

Tools

MG-ALFA

Job description

Job Description: Actuary

The Role Based in Bermuda, this role is a key member of the actuarial team, reporting to the Valuation Actuary.

Responsibilities

• Support end-to-end EBS and US GAAP valuation process, including quarterly and year-end reporting
• Assist in the design, governance and documentation of the valuation process
• Provide additional actuarial support for the Company’s Investment, Risk, and ALM functions
• Support the Company’s multi-year financial planning process
• Provide support to the Approved Actuary and external auditors in meeting the reporting requirements
• 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

• 5+ years of life and annuity insurance and/or reinsurance experience
• Fellow of the Society of Actuaries (FSA)
• 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

• Valuation and capital management
• Asset-liability management (ALM) experience
• Financial reporting and analysis, with familiarity in regulatory reporting frameworks
• Actuarial modeling expertise, including model governance, controls and validation
• Investment knowledge relevant to life reinsurance

The Team

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.

Certifications: Category: Actuarial

About Fidelity

At Fidelity, we are passionate about making our financial expertise broadly accessible and effective in helping people live the lives they want!

We are a privately held company that places a high degree of value in creating and nurturing a work environment that attracts the best talent and reflects our commitment to our associates.

We are proud of our diverse and inclusive workplace where we respect and value our associates for their unique perspectives and experiences.

For information about working at Fidelity, visit FidelityCareers.com.

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