October 20, 2022

Actuarial-Reporting Actuary

Location: Bermuda

Summary/Objective

The Reporting Actuary supports the day-to-day financial and regulatory reporting functions of the company and its affiliates. The role will be managing and reporting on KLR and its affiliates’ inforce annuity reinsurance operations.

Duties and Responsibilities 

  • Quarterly financial reporting on a US GAAP basis 
  • Quarterly solvency reporting under the Bermuda regulatory framework, including computation of Technical Provisions under the Scenario-Based Approach and BSCR 
  • Maintenance of existing AXIS projection models and modeling/development of new blocks of business into AXIS 
  • Establishing GAAP valuation processes for new blocks of business 
  • Experience analysis and assumption setting on inforce transactions grounded in US statutory reserves 
  • Actuarial analysis of monthly reinsurance settlements
  • Ad-hoc support in other areas of operations as required

Experience

• Fellow or Associate of the Society of Actuaries, Institute of Actuaries, or equivalent
• Minimum of 5 years relevant actuarial experience, as a service provider or working directly for a life (re)insurance company
• Strong knowledge of US GAAP valuation for annuities (FDAs, FIAs, PAs) and life insurance products

Skills/Competencies

• Knowledge of BMA regulatory reporting; including experience completing Capital and Solvency Returns for a life (re)insurer under the Bermuda BSCR / EBS regime
• Demonstrated experience and modeling proficiency with AXIS software
• Knowledge of US statutory reserving and RBC is a plus
• Critical thinking and sound judgement
• Excellent written and oral communication skills
• Demonstrated ability to work effectively with and lead cross-functional teams

Kuvare company is an equal opportunity employer that makes hiring decisions based on merit, qualifications, and the business need. We are dedicated to a policy of nondiscrimination in employment on any basis including age, sex, color, race, creed, national origin, religious persuasion, marital status, political belief, or disability that does not prohibit performance of essential job functions. We encourage all qualified candidates to apply.

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