Valuation Actuary

Job Type

Full-time

Description

Company Description:

Aspida Re Services Ltd. (“Aspida Re Services”) is a Bermuda based service provider to Aspida Re Ltd. (“Aspida Re”), an affiliated and regulated Bermuda-domiciled Class E licensed (re)insurance company. Aspida Re 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 13 reinsurance professionals based in Hamilton, Bermuda 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.

What We Are Looking For

Aspida Re Services, is looking to fill the position of Valuation Actuary. This role will be an integral part of the team, with responsibility for assisting with reserving, and modeling of products. This position will report to the Senior Actuary and is required to be onsite in the Bermuda office.

Requirements

Responsibilities include but not limited to:

• Develop, maintain and execute financial reporting models and reports, ensuring accuracy and timely reconciliation of results
• Lead the production of quarterly and annual actuarial valuations, including best estimate liability (BEL) calculations and reserve rollforwards
• Prepare EBS technical provisions and support capital reporting in compliance with BMA regulatory frameworks
• Contribute to regulatory filings and assist in creating management, finance, and risk reports
• Play an important role in the development and enhancement of actuarial models for existing and new treaties
• Participate in experience studies and contribute to the development and refinement of actuarial assumptions
• Monitor and evaluate assumptions to ensure they align with current and emerging experience trends
• Maintain comprehensive documentation of procedures, ensuring compliance with internal controls and regulatory standards
• Identify and implement opportunities to streamline valuation processes, enhance efficiency and strengthen model governance practices
• Prioritize and complete ad hoc and special projects assigned on a timely basis.
• Collaborate effectively with pricing and risk management teams to ensure alignment across actuarial functions
  
  

Successful Candidates Must Meet The Following Requirements

• FSA or equivalent
• A bachelor’s degree in mathematics, Actuarial Science, or other numerate discipline is required
• At least 5 years of similar actuarial experience
• Experience with US GAAP, US Stat or Bermuda EBS or other equivalent jurisdictions (including Solvency II or Canadian standards) preferred
• 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 exemplify grace under pressure and bring a good sense of humor to work
• You are respectful and act with integrity
• You ask questions to understand, but are confident enough to respectfully challenge in the name of producing the best possible product
• You anticipate obstacles and are accountable for your commitments
• You thrive on pushing the envelope and know failure is only an opportunity to learn