Head of Capital [based in Bermuda]

Compre Group; Independence (KS); Remote; USD 160,000 - 220,000; Full time

Job summary

Compre Group is seeking a Head of Capital to oversee capital strategy across various global entities. The role involves managing a small team of actuaries and participating in regulatory reporting and M&A activities, while providing strategic capital insights. This position offers the opportunity for significant influence within a growing reinsurance firm, with emphasis on team leadership and collaboration.

Benefits

Competitive salary & annual bonus

Health & wellbeing subsidy

Generous pension

Private healthcare

Life assurance and income protection

25 days annual leave

Ongoing learning opportunities

Home and flexible working

Employee socials and recognition programme

Qualifications

• 10+ years of non-life/reinsurance experience with capital management exposure.
• Proven record of leading actuarial and capital teams through regulatory submissions.

Responsibilities

• Lead development of capital reporting models and templates.
• Author and present capital reports to senior management.
• Build and lead a high-performing Capital Management team.

Skills

Commercial awareness

Stakeholder management

Team leadership

Education

Fellow of a recognised actuarial institute

Job description

Head of Capital [based in Bermuda]

Department: Actuarial

Employment Type: Permanent - Full Time

Location: Bermuda (Hamilton)

Description

Head of Capital

London [hybrid, two days in office]

Bermuda [hybrid, two days in office] OR

North America [remote East Coast]

Permanent

Full-time OR part-time [4-day week]

We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyd’s, Europe and North America.

Our Chief Actuary - Reserving & Capital is looking for a new Head of Capital to drive the Group’s capital reporting and strategy across several global entities while managing a small team of Capital Actuaries.

In this varied and strategic role, a qualified Actuary will get a breadth of market experience, contributing substantially in our M&A and regulatory reporting activities.

Responsibilities

Capital Modelling & Regulatory Reporting

· Lead end-to end development, maintenance and governance of capital reporting models and templates, including quarterly BSCR, SCR and RBC submissions.

· Collaborate with Reserving on the calculation of technical provisions for Bermuda EBS, US and SII balance sheets.

· Manage the preparation of capital and solvency returns, including input to FCR/SFCR, GSSA/CISSA/ORSA and related regulatory filings.

· Collaborate with Reserving on the modelling of reserve risk volatility.

Board Reporting

· Author and present capital reports, analysis and positions to senior management, Boards and Board Committees – translating technical output into clear business insights.

· Establish robust validation and governance frameworks in line with the BMA and EIOPA guidelines.

· Lead the production of the annual Capital Management Plan and presentation of this plan to the Boards.

Strategic Capital and Deal support

· Partner with Pricing, M&A, Treasury and Finance teams to assess the capital impacts of new transactions - including acquisitions, retrocessions and portfolio transfers - allowing for integration into quarterly capital plans.

· Drive capital-optimisation initiatives across ALM, intragroup reinsurance, portfolio reallocation and capital structuring.

· Provide actuarial expertise on external capital relief structures and financing solutions.

Collaboration with our Lloyd’s Managing Agent

· Collaborate to validate our Syndicate technical provisions, assess capital requirements and collaborate on model enhancements.

Team Leadership & Development

· Build and lead a high-performing global Capital Management team

· Drive creativity in model design and process improvement, promoting continuous learning.

· Ensure the successful running of Capital Working Groups, aimed at educating and promoting capital optimisation across the Group.

Candidate requirements

Qualifications & Experience

· Fellow of a recognised actuarial institute (e.g. IFoA, CAS) with ≥ 10 years of non-life/reinsurance experience, including significant capital-management exposure.

· Proven track record of leading actuarial and capital teams through regulatory submissions and strategic projects.

Technical Expertise

· Deep understanding of either the Bermuda Economic Balance Sheet framework or Solvency II regulations; and hands-on experience with either BSCR or Solvency II SCR calculations. Candidates based in Bermuda with extensive BSCR and capital management experience but a non-actuarial / accountancy background will also be considered.

· Familiarity with QRTs, ORSA/CISSA processes and actuarial reporting requirements across multiple jurisdictions including Europe, Bermuda and California.

· Experience in capital modelling is a strong advantage.

Business Acumen & Communication

· Strong commercial awareness, with the ability to evaluate the capital consequences of underwriting and strategic business decisions.

· Excellent stakeholder management skills - able to engage and influence senior leaders and external regulators effectively.

Leadership & Collaboration

· Demonstrated success in building, motivating and developing actuarial teams.

· Ability to explain actuarial technical concepts clearly to a non-actuarial audience, drawing out key messages clearly as required for the specific audience.

Benefits

Compre is a global speciality reinsurance company that offers capital and liability solutions to its clients, providing them with the certainty they need on their portfolios. We are known for being trusted partners to the market and for having a team of experts who collaborate and maintain discipline in underwriting, ensuring a differentiated client experience.

As an ambitious business, we are focused on building depth, breadth, and diversity in the talent across our business to be future-ready. Our clients' needs evolve as the market changes, which is why we continuously invest in areas such as data and technology. This way, we can serve current and future clients' needs with scalable and new technology, delivered by our growing agile Data and Technology team.

• Our values are what make us stand out. We value each other, empower and hold ourselves accountable, are authentic, collaborative and inclusive, and continuously strive for progress and innovation.

Why join us?

At Compre, we offer a range of benefits and team engagement events and provide a supportive environment for learning and growth. We are intent upon building a great business, and over the last few years, we have expanded our markets across Europe, Lloyd's, and North America. Our team is based in Bermuda, Finland, Germany, Malta, UK and the US.

To keep our globally dispersed team connected, we have various employee resource groups, including Wellbeing, DEI, COMMS and Engagement.

We invest in our people and offer learning and development opportunities for leaders and employees to build confidence and grow their skill sets. We value teamwork, authenticity, and innovation, and provide a space for these behaviours to bloom at Compre.

Fulfil your potential in a collaborative environment with some of the best talent in the industry, while enjoying:

· competitive salary & annual bonus

· a health & wellbeing subsidy

· a generous pension

· private healthcare

· life assurance and income protection

· 25 days annual leave

· employee support services

· advancing your professional development through ongoing learning opportunities and reimbursement for professional memberships

· home and flexible working

· employee socials and recognition programme