Actuary (Risk)

In Bermuda, its core subsidiary Hannover Re Bermuda Ltd (the “Company”) is a BMA regulated dual license reinsurer. Focusing on property catastrophe excess of loss programs, it offers reinsurance capacity to insurers worldwide and writes more than USD 1 billion of annual gross written premium for this segment.

We are currently seeking applicants for a Risk Actuary position. The Risk Actuary is responsible for all internal and external actuarial activities related to the L&H portfolio. Internal reporting duties include the review and validation of economic capital valuations for use in capital allocation and value creation metrics.

Your Tasks

• Responsible for the quarterly actuarial IFRS and forecasting process.
• Ensure all internal (management, HR Entities) and external stakeholder (Auditors, Regulators) data and documentation requests for financial reporting data are effectively managed.
• Value the reinsurance portfolio to fulfill the company’s reporting duties in accordance to existing guidance for Internal Capital Model, Solvency II, Bermuda Regulatory and Rating Agency model reporting.
• Contribute to the development and enhancement of the company’s actuarial valuation models in Risk Agility FM, SQL, Excel (VBA).
• Assure all documentation and model governance of the company’s RAFM Reporting models meets international standards of regulation.
• Maintain existing and develop new actuarial experience studies in R.
• Support and enhance the company’s data management process.
• Review financial reporting & risk related tasks carried out by the other team members.
• Maintain strong relationships with the Business Development and Finance Departments and other Group resources.
• Monitor and support the development of group reporting systems and act as the key Re7 user on behalf of the Corporate Actuarial department.

Your Profile

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or another mathematical based subject.
• Associate or Fellow of Society of Actuaries, Institute and Faculty of Actuaries or qualifications from another recognized actuarial body.
• Minimum of 5 years actuarial experience in valuation for life and health (re)insurance.
• Advanced knowledge of International Financial Reporting Standards (IFRS), Solvency II (balance sheet and variation analysis), and local Bermudian economic capital frameworks.
• Strong analytical and problem-solving skills as well as capability to assume responsibility for complex reporting processes.
• Advanced user and development knowledge of Risk Agility FM, R, SQL, Power BI and VBA.
• Ability to manage multiple projects and produce quality deliverables with tight deadlines.
• Ability to multi-task and work under pressure.
• Excellent communication skills both verbal and written.
• Excellent organizational and time-management skills.

What We Offer

Atmosphere: You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual esteem and a readiness to help.Benefits: Structured onboarding, flexible working arrangements, benefits superior to those of the collective agreement as well as fitness and wellness programs are just some of what we can offer you.Perspective: Show us what you are capable of and seize the opportunity to actively shape your professional future.

If you too would like the assurance of a different way of working, start your career with us. Hannover Re (Bermuda) Ltd. is an equal opportunity employer who embraces a culture that celebrates and promotes diversity and inclusion.