Associate Actuary (Bermuda) | PGIM Ireland

PGIM Ireland; Letterkenny; Hybrid; EUR 90,000 - 120,000; Full time

Benefits offered by this job

Health Insurance

Annual Leave 23 days

Pension Scheme

Annual Bonus Programme

Life Assurance

Education Assistance

Job summary

PGIM Ireland seeks an Associate Actuary based in Letterkenny with a hybrid work model (two onsite days per week) and a potential fully remote option depending on location and experience. The role supports forecasting, stress testing and capital reporting for Bermuda operations, collaborating across finance, audit, risk and modeling teams to deliver high‑quality results.

You will work with LotusRe and GibRe teams and contribute to regulatory filings, business cases and pricing analyses as part of

Qualifications

• Analytical and quantitative skillset suitable for actuarial work.
• Strong communication and presentation abilities to interact with multiple stakeholders.
• Knowledge of actuarial forecasting, stress testing and financial reporting is advantageous.

Responsibilities

• Assist in producing liabilities items for forecasting and stress testing reporting.
• Collaborate with valuation and reporting teams to ensure forecasting accurately captures business dynamics.
• Work with LotusRe and GibRe reporting teams to prepare and submit annual Bermuda filings.
• Collaborate with Modeling team to refine models for forecasting and capital reporting.
• Engage with Bermuda Finance, Actuarial, Tax and Risk Management teams and other stakeholders.
• Support Bermuda reinsurance transaction analysis and pricing projects.

Skills

Analytical skills

Quantitative skills

Communication skills

Education

Bachelor's degree

Job description

This role will be based in Letterkenny and offers a hybrid working model of two days onsite per week. A fully remote option may also be considered, depending on the candidate's location and level of experience.Prudential Bermuda Reinsurance is looking to fill an Associate Actuary who will be based in Ireland/Letterkenny in the Projections & Capital team.This position will report to the Head of Projections and Capital (or reporting to the Director, Actuary on the team), primary responsibilities include producing liabilities relating to all forecasting and stress testing performed for both companies. This includes exercises for internal purposes (Multi-Year Projections, DST, LST, SSM, CISSA, etc.) and exercises for external purposes (business cases, regulatory stress testing).This position will also collaborate across a wide range of teams, including Finance, Treasury, Global Portfolio Management, Audit, Tax and Risk Management.What you can expect:Assist in producing liabilities items for forecasting, stress testing reporting deliverables.Collaborate with valuation and reporting teams to ensure that forecasting and stress testing appropriately capture the dynamics of the businesses.Work closely with both LotusRe and GibRe reporting teams to prepare and submit annual Bermuda filings.Collaborate with Modeling team to refine models to support all forecasting, stress testing and capital reporting needs.Collaborate and engage with key stakeholders: Bermuda Finance and Actuarial teams, Business Unit Finance and Actuarial teams, Modelling, Corporate Treasury, Global Portfolio Management, Audit (internal and external), Risk Management, Tax and Assumptions TeamsSupport future Bermuda reinsurance transaction analysis and pricing projectsWhat you’ll need:Bachelor’s degree7+ years working in financial services, ideally experience in reinsurance reportingNear FSA (or international equivalent)Knowledge of Bermuda EBS framework and reinsurance.Knowledge of other international accounting frameworks and/ or insurance accounting, with experience in the preparation of balance sheets and income statementsStrong analytical and quantitative skillsDedication to high-quality, timely work and strong resultsPassion for problem solvingExcellent verbal and written communication/presentation skillsHighly organized, collaborative and adept at managing multiple, competing priorities.What we offer you• Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.• Annual Leave of 23 days at full pay.• Pension Scheme: Members of the scheme can contribute up to 8% of salary per annum and PGIM Ireland matches contributions up to 8% of salary. Members can also make voluntary contributions to the scheme.• Annual Bonus Programme & Shop LK Vouchers: Along with an annual bonus employees are rewarded with Shop LK vouchers which are paid tax free.• Life Assurance: fully paid by PGIM Ireland, employees are covered from their start date and beneficiaries are provided with a lump sum of four times an employee’s salary.• Education Assistance: PGIM Ireland have an Education Assistance Programme that reimburses eligible employees for furthering their education.-PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants’ gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community. PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit.Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references. Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland.