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About the role
Key responsibilities & impact- Reviews of Regulatory Capital Calculations
- Conduct reviews of BSCR calculations for Group and US entities to support effective challenge of the first line.
- Maintain and enhance BSCR calculation tools (Excel, actuarial software, internal models) for accuracy and efficiency.
- Implement BMA rules and guidance as into processes and modelling solutions.
- Analyse changes in regulatory capital and BSCR ratio over time, considering underwriting, reserving, market, credit, and operational risks.
- Deliver comprehensive analysis and insights on capital adequacy to inform business planning, determine risk appetite, and facilitate strategic decision-making.
- Conduct or support capital impact assessments across multiple scenarios and stress tests involving new products, business lines, or reinsurance structures.
- Explore capital optimization, including refining reinsurance strategies, legal entity structures, and intra-group transactions.
- Engage collaboratively with Risk Management, Finance, Actuarial and Investments teams to ensure alignment between regulatory capital, economic capital, ORSA/ERM frameworks like risk appetite and stress testing activities.
- Effectively communicate complex regulatory capital concepts to non-actuarial stakeholders, such as senior management, in a clear and concise manner.
- Facilitate training and knowledge transfer within actuarial and risk teams regarding BMA capital requirements and associated topics.
- Design and maintain robust controls around the end‑to‑end BSCR process, including data validation, peer review, and sign-off procedures.
- Produce and maintain clear documentation for assumptions, methods, and limitations.
Requirements
What you’ll need- Near-qualified or fully qualified actuary preferred (e.g., FIA, FSA, FCIA, FCAS, FIAA, AIA, ASA, ACIA, ACAS, AIAA, or equivalent).
- Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative discipline.
- 10+ years of actuarial experience in P&C (re)insurance.
- 5+ years of direct, hands‑on experience with Bermuda regulatory capital calculations, including BSCR, is strongly preferred.
- Familiarity with other regulatory regimes (e.g., Solvency II, US RBC, ICS) and ability to compare frameworks.
- Experience interacting with regulators, auditors or rating agencies is preferred.
Benefits
Comp & perks- health insurance coverage
- employee wellness program
- life and disability insurance
- 401k match
- retirement savings plan
- paid holidays
- paid time off (PTO)
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
BSCR calculationsregulatory capital calculationscapital impact assessmentscapital optimizationdata validationactuarial softwarefinancial analysisstress testingrisk assessmentmodeling solutions
Soft Skills
effective communicationcollaborationtraining and knowledge transferanalytical thinkingstrategic decision-makingproblem-solvingattention to detailclear documentationfacilitationstakeholder engagement
Certifications
FIAFSAFCIAFCASFIAAAIAASAACIAACASAIAA