Associate Consultant - Bermuda Actuarial - GGN

• Proposed designation - Associate Consultant
• Role type - Individual Contributor
• Reporting to - Assistant Manager/Manager
• Geo to be supported - Bermuda
• Work timings: 11.30 to 20.00
• Work mode: Hybrid

We are recruiting a Non-life (General Insurance) Associate Consultant in the Actuarial Services team. The responsibilities of Associate Consultant will include:

• Work as a core member of the actuarial team and contribute to make it a centre of excellence
• Analyse the historical claims data and identify potential issues and trends and document the findings
• Build MS-excel based actuarial tools and be able to use triangulation methods for the purpose of estimating outstanding loss reserves for various (Re)insurance companies.
• Work on Statement of Actuarial Opinions (SAO) and actuarial audits of clients
• Review data, methodologies, assumptions, results and benchmark against market
• Reconcile results from previous year and compare with clients’ results
• Assist with Solvency II Technical provisions / Economic Balance Sheet actuarial reviews for regulatory submission requirements
• Validate consistency across regulatory submissions
• Assist client with understanding and implementing the new regulations e.g. Solvency II, IFRS, etc.
• Provide transaction and due diligence support to the client
• Provide assistance with actuarial system transformation
• Assist with actuarial review of Economic capital requirements
• Make proper commentary on the results/findings and prepare the summary report
• Assist senior members of the team in day-to-day management activities including MI reporting
• Actively participate in engagement team meeting
• Communicate with engagement managers/Directors/Partners of the onshore team and build strong professional relationship
• Provide regular updates to stakeholders and discuss solutions to potential problem areas

• Educational qualifications
• Work experience

• Qualifications: Graduate/Postgraduate with a strong background in mathematics and statistics
• 2 - 4 years of experience in Insurance business and finance. Member of Institute of Actuaries (UK) , SoA and CAS of US and/or Institute of Actuaries of India and must have passed at least 4 actuarial exams from any of these institutes.

Preferred Skills

• Personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations without compromising on quality, and ethical standards and values
• Excellent written and verbal communication skills
• Team player
• Self-driven
• Ability to work independently and motivate team members
• Proficient in use of MS Office tools and technology like Power BI, R, SaS, etc