Overview

A major Japanese life insurer has committed USD 2bn into a Bermuda-domiciled sidecar sponsored/managed by a leading US retirement-focused platform. Given the scale of the investment, the firm is strengthening its monitoring framework and hiring an actuary-qualified professional to support quarterly oversight, valuation validation, and cross-border coordination with Tokyo HQ and stakeholders in NYC/Bermuda.

In addition to sidecar monitoring, there may be exposure to reinsurance JV initiatives and life insurance M&A due diligence (US/Bermuda-related).

Key Coverage (Sidecar Portfolio)

• Block & flow reinsurance
• PRT (Pension Risk Transfer)
• FABN
• US annuity business

Responsibilities (Tokyo HQ)

Sidecar Monitoring

• Review/analyze sidecar cash flow projections
• Validate fair value / impairment assessment using DCF and Bermuda-based economic capital framework
• Support follow-up of consolidated ESR calculation inputs/results
• Coordinate information gathering via NY office and sponsor-side stakeholders

Strategic Projects

• Support business assessment, valuation (enterprise value), and business plan review for potential M&A opportunities
• Support ongoing reinsurance-related projects (including JV-related workstreams where applicable)

Responsibilities (New York Office)

Sidecar Monitoring (Quarterly Cycle)

• Monitor BSCR status; as needed, review/analyze cash flow projections
• Validate fair value / impairment assessment using DCF and Bermuda-based economic capital framework
• Follow up on creation/receipt of source data required for consolidated ESR calculations (quarterly)
• Liaise with sponsor-side actuarial stakeholders in NYC and Bermuda as needed
• Report quarterly to Tokyo HQ stakeholders (Corporate Planning and Finance/Accounting)

Strategic Projects

• For US- or Bermuda-domiciled targets: conduct business assessment, valuation, business plan review, and on-site due diligence

Other

• Support ongoing reinsurance-related projects (including Bermuda-related workstreams)

Requirements / Preferred Profile

• Actuarial qualification (e.g., FIAJ or equivalent actuarial credentials/experience)
• Strong quantitative and analytical skills (cash flow analysis, valuation concepts, DCF)
• Ability to operate in a cross-border environment (Tokyo–NYC–Bermuda coordination)
• Business-level English (NYC role requires strong day-to-day English communication); Japanese fluency strongly preferred