About the job

** Re is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. ** Re manages a general account of approximately $111 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The ** Group and ** Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, ** Re’s roots in the insurance industry and the experience of their leadership go back many decades. ** Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. ** Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry.

The Assistant Vice President, Life Pricing Actuary, is an experienced technical contributor who plays a key role in pricing, structuring, and analyzing potential life and annuity reinsurance transactions.

What You Will Do:

Pricing Analysis

• Data Analysis: Collect and analyze investment, liability and, other data to support pricing decisions. 
• Pricing Models: Run the pricing models to produce baseline pricing results and sensitivities specific to each transaction. 

Collaboration and Communication

• Cross-functional Collaboration: Incorporate data from investments, strategic finance, tax, and other teams to ensure the pricing analysis aligns with Fortitude's overall business goals. 
• Stakeholder Communication: Assist in preparing the results of the pricing analyses. 

Standards and Documentation

• Pricing Standards: Ensure pricing analyses comply with pricing standards. 
• Documentation: Maintain comprehensive documentation of pricing models, methodologies, and assumptions. 

Professional Development

• Continued Education: Engage in continuous learning and professional development activities, such as actuarial exams, to stay current with industry trends and advancements. 
• Mentorship: Provide guidance and mentorship to junior team members within the department. 

Continuous Improvement and Innovation

• Model Improvement: Assist in the implementing and reviewing model changes to improve the pricing models. 
• Innovative Solutions: Propose and implement innovative solutions to enhance pricing models and methodologies. 

What You Will Have:

• Qualified Fellow of the Society of Actuaries or Institute of Actuaries or career ASA with 7+ years of experience post ASA. 
• Strong modeling and technical skills (Excel modeling skills required, AXIS/SQL/Python/Julia a plus). 
• Previous experience in pricing, corporate FP&A, Capital Management, Valuation, Financial Reporting, Reinsurance, and/or ALM. Experience with Bermuda’s regulatory framework for long-term insurance a plus. 
• Strong communication and interpersonal skills, adaptable, and a team player.
• Organized, reliable, detail-oriented, and motivated to support delivering timely results and quality work products. 
• Ability to prototype models for validation and ground-up development, learning real-time, anticipating problems or challenges, and proactively addressing them. 
• A strong conceptual understanding and hand-on experience with different financial reporting bases (e.g. US/Canadian/Bermuda/International regimes). 
• A drive to solve problems in a disciplined and pragmatic way.