Actuary

Aspida Oy; Hamilton; Hybrid; GBP 83,000 - 120,000; Full time

Job summary

Aspida Re Services Ltd. invites an experienced Actuary to support Economic Balance Sheet valuations for Bermuda and non-Bermuda entities within Group reporting.

You will contribute to quarterly and annual valuations, financial and regulatory reporting, forecasting, and strategic analysis with close collaboration across actuarial, finance, risk, and investment teams. You will develop and maintain valuation models, validate data, and ensure timely reporting while incorporating best estimate

Qualifications

• Bachelor’s degree in mathematics, actuarial science, or other numerate discipline.
• FSA or equivalent certification preferred.
• At least 5 years of life (re)insurance experience with valuation and financial reporting.
• Strong knowledge of Bermuda EBS or Solvency II and related standards.
• Proficiency with actuarial modeling software (Moody’s Axis) is required; experience with data languages is a plus.

Responsibilities

• Develop, maintain, and run actuarial valuation models with data validations and controls.
• Support quarterly and annual EBS valuations, including BEL, risk margin, and technical provisions.
• Prepare reserve rollforwards and analyze movements explaining impacts.
• Develop and enhance models for existing and new treaties with cashflow projections and SBA modeling.
• Support regulatory filings, capital reporting, and responses to queries from regulators and auditors.
• Contribute to forecasts, budgets, and scenario analyses on reserves and capital.
• Participate in experience studies and assess emerging trends; document impact of assumption changes.
• Improve valuation processes through automation and documentation of models.
• Manage competing priorities and deliver reporting and projects on time.
• Monitor Bermuda Monetary Authority developments and implement changes affecting EBS reporting.

Skills

Actuarial modeling

Data analysis

Communication skills

Organizational skills

Business writing

Education

Bachelor's degree in mathematics/Actuarial Science or numerate discipline

FSA or equivalent

Tools

Moody’s Axis

R

Python

Job description

Aspida Re Services Ltd. (“Aspida Re Services”) is a Bermuda based service provider to Aspida’s reinsurance companies. Aspida Re Services provides annuity and life insurance companies with tailored risk management solutions, with a specialization in closed block and new business flow reinsurance of asset-intensive and interest rate-sensitive annuity and life insurance liabilities. Aspida Re Services has a dedicated team of 14 reinsurance professionals based Bermuda and Cayman responsible for reinsurance pricing, operations, and risk management. Aspida is backed by Ares Management Corporation, “Ares” (NYSE: ARES), which, through the Ares Insurance Solutions team, provides dedicated investment management, capital solutions and corporate development support. For more information, please visit aspidare.bm .

Aspida Re Services is seeking an Actuary to support Economic Balance Sheet (EBS) valuation for Bermuda and non-Bermuda entities included in Group reporting. Reporting to the Deputy Chief Actuary, the Actuary will contribute to quarterly and annual valuations, financial and regulatory reporting, forecasting, and strategic analysis, working closely with actuarial, finance, risk, and investment teams across the Group.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida. Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you.

What We Are Looking For:

Aspida Re Services is seeking an Actuary to support Economic Balance Sheet (EBS) valuation for Bermuda and non-Bermuda entities included in Group reporting. Reporting to the Deputy Chief Actuary, the Actuary will contribute to quarterly and annual valuations, financial and regulatory reporting, forecasting, and strategic analysis, working closely with actuarial, finance, risk, and investment teams across the Group.

What We Are Looking For:

• Develop, maintain, and run actuarial valuation models, with appropriate data validations, reconciliations, and controls to support accurate and timely reporting.
• Support quarterly and annual EBS valuations, including best estimate liabilities (BEL), risk margin, and technical provisions.
• Prepare reserve rollforwards and analysis of movements, explaining the impact of business activity, market conditions, experience, and changes in assumptions or models.
• Develop and enhance actuarial models for existing and new treaties, including cashflow projections and Scenario-Based Approach (SBA) modeling.
• Support entity and Group regulatory filings, capital reporting, and responses to queries from regulators, auditors, and the Approved Actuary.
• Contribute to forecasts, business plans, and sensitivity and scenario analysis to assess the impact of market movements, new business, and strategic initiatives on reserves and capital.
• Participate in experience studies and assumption reviews, assess emerging trends, and document recommendations and impact of assumption changes.
• Improve valuation processes through automation and stronger controls, maintain clear documentation of models, methodologies, assumptions, and model changes.
• Manage competing priorities and deliver reporting, analysis, and special projects within agreed timeline.
• Monitor relevant Bermuda Monetary Authority (BMA) developments and support the implementation of changes affecting entity and Group EBS reporting.

Requirements

What We Require:

• FSA or equivalent
• Bachelor’s degree in mathematics, Actuarial Science, or other numerate discipline
• At least 5 years of life (re)insurance experience preferred, including valuation, financial reporting, and actuarial modeling
• Strong understanding of Bermuda EBS (preferred) or other equivalent jurisdictions (including Solvency II, Canadian standards, US Cashflow Testing)
• Proficiency with Moody’s Axis or other actuarial modeling software is required
• Experience with data management in R, Python, or related languages is a plus
• Strong technical, analytical, organizational, and business writing skills

Why you’re the one for us:

• You remain composed under pressure and bring a positive attitude to work
• You treat others with respect and act with integrity
• You ask thoughtful questions, and constructively challenge assumptions to improve quality of the work
• You anticipate obstacles, take ownership of your work, and follow through on commitments
• You are curious, adaptable, and willing to explore better ways of working and learn from experience