About Kuvare:

Kuvare Services Bermuda Ltd. (“KSB”), a Bermuda based service provider to affiliated and regulated Bermuda domiciled long-term reinsurers, is seeking a Director Actuary to support KSB’s continued growth. Reporting to the Chief Actuary, the successful candidate will play a critical role in ensuring the success of the Actuarial team, as well as supporting the success of other functions within KSB . 

What you'll do

• Own the asset modeling process that feeds into the SBA ALM models. This includes more traditional asset classes as well as structured and private assets;
• Implement the internal controls that will enable strong governance of the process. This includes Q on Q analysis, SBA eligibility monitoring, reconciling different sources of asset information, automation of output checks;
• Perform detailed investigations of credit memos and bond documentation for new investments;
• Perform actual to expected cashflow analysis and stress testing;
• Present internal controls and quarterly analysis of change to the ALM Risk Committee (RC);
• Coordinate with Portfolio Management and Asset Managers to address data gaps and feedback modeling observations;
• Conduction periodic liability model validations to be reviewed by the RC;
• Support production of KSB’s quarterly and year-end actuarial reporting for senior management and the Board, as well as contribution to regulatory submissions to the Bermuda Monetary Authority (BMA) e.g., Capital & Solvency Return, CISSA and Financial Statements;
• Support production of the business plan through development of new models, assumptions and valuation processes for new deals, along with the continuous enhancement of actuarial processes and controls;
• Conduct actual to expected experience analysis, monitor and evaluate the performance of inforce life and annuity portfolios against pricing, and develop and propose updates to valuation assumptions, as necessary;
• Develop and improve actuarial modeling and workflows to automate processes and increase operational and reporting efficiencies;
• Ability to keep abreast of industry development, financial reporting, and regulatory market trends and understand and interpret regulatory requirements that will affect various reserving and capital bases;
• Demonstrate a continued desire to learn and take ownership of production processes and projects as a key member of the team, including sharing knowledge and managing more junior staff; and
• Technical, analytical and lateral thinking individual with an eye for detail with the ability to prioritize and meet strict deadlines to support reporting and ad hoc tasks as they arise

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Finance, Risk Management or similar;
• FSA or similar designation; or ASA with 10 years’ experience;
• Demonstrate a minimum of 3+ years relevant full-time actuarial experience, working directly for a life/annuity (re)insurance company or consulting organization; and
• Strong Excel and R or Python or SQL skills;
• Excellent critical thinking skills and sound judgement;
• Exhibits self-motivation and takes initiative without the need for approval;
• Ability to effectively collaborate with a range of stakeholders within KSB and external stakeholders;
• Excellent interpersonal and communication skills both written and oral; and
• Willingness and capacity to work overtime including evenings, weekends, and public holidays and on short notice when needed to meet time-sensitive tasks

Preferred Qualifications and Experience:

• Chartered Financial Analyst
• Expert knowledge of fixed-income investments and modeling;
• Intermediate knowledge of Moody’s AXIS or Moody’s Structured Finance or Bloomberg or other asset modeling software;
• Intermediate knowledge of US GAAP, US Stat, Bermuda EBS and BSCR, RBC, and/ or Solvency II;
• Working knowledge of annuities (FDAs, FIAs, PAs) and life products; and
• Experienced at managing projects and employees

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