About Martello Re

At Martello Re, we are building a distinctive reinsurance offering grounded in exceptional client service, innovative solutions, and advanced data analytics. We are committed to attracting top talent and empowering individuals to make meaningful contributions while advancing their careers. Our dynamic, high-energy environment fosters collaboration and encourages bold thinking at all levels. At the same time, we maintain a steadfast focus on long-term financial strength to serve the best interests of our cedants and their policyholders. 

The Actuary will support critical valuation and control functions across US GAAP, Bermuda EBS/BSCR, and internal actuarial frameworks. This role requires a financial reporting actuary with strong technical expertise in annuity valuation, a deep understanding of regulatory frameworks, and the ability to drive innovation and operational excellence. The Actuary will play a key role in assumption governance, audit and regulatory interactions, and financial reporting in a fast-paced environment.

Essential Job Duties and Responsibilities

• Support the preparation, review, and communication of actuarial balances under US GAAP, Adjusted GAAP, Bermuda EBS/BSCR, and Embedded Value frameworks.
• Support design and implementation of earnings attribution and roll-forwards to explain results for US GAAP, Bermuda EBS/BSCR and Embedded Value used for management reporting / decision making and in Board presentations.
• Manage key components of the actuarial controls framework, ensuring rigor, audit readiness, and cross-functional alignment; collaborating closely with internal and external stakeholders.
• Support execution of assumption governance processes, including end-to-end assumption setting, documentation, and stakeholder engagement/communication.
• Support initiatives to automate, optimize, and scale valuation and reporting processes, while ensuring compliance and process rigor.
• Develop advanced analyses and statement of earnings reports to support financial performance insights and inform management decision-making.
• Perform additional duties and special projects as assigned.

Required Education and Experience

• Bachelor’s degree in actuarial science, mathematics, statistics, business, or related field required.
• ASA or FSA designation.
• At least 5 years of relevant actuarial experience, including financial reporting under US GAAP and/or Bermuda EBS/BSCR frameworks.

Required Skills

• Advanced Microsoft Office skills (Excel, Word, PowerPoint).
• Technical skills in actuarial modeling tools and/or programming languages (e.g., R, Python, FIS Prophet or equivalent).
• Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• High attention to detail and excellent problem-solving skills.
• Capable of summarizing and communicating complex topics clearly and succinctly.
• Ability to work independently and as part of a team.
• Intellectually curious and self-motivated with high standards.
• High ethical standards and integrity.

Location and Travel

• Martello Re is specifically seeking candidates based in Bermuda.
• Periodic travel to Martello Re offices for internal meetings, approximately once per quarter for 2-3 business days, or more frequently as determined by business needs.

Note for Recruitment Agencies

For this particular role, Martello Re is not engaging with external recruiting agencies. We kindly request that you do not forward any resumes to Martello Re employees. Martello Re assumes no responsibility for fees related to unsolicited resumes.

Note to Applicants

Personal Information collected is used for recruitment purposes only and will be shared with hiring managers and those involved in the hiring process. We may retain your personal information for a reasonable period in compliance with applicable regulations, typically one year post application submission, to enable us to match your details with other suitable job opportunities that may arise from time to time, unless otherwise requested. Please refer to Martello Re’s Privacy Notice for further information on your rights and how we protect your personal information: Privacy Notice– Martello Re.