Associate Actuary

Prudential; Hamilton; On-site; GBP 59,000 - 90,000; Full time

Job summary

A multinational financial services leader is seeking a skilled Associate Actuary to support transaction pricing and collaborate with stakeholders on actuarial processes. This role requires a Bachelor's Degree and 4+ years of experience, along with an ASA designation. The ideal candidate will have strong analytical and problem-solving skills, and familiarity with financial statements. Join a dynamic team focused on delivering innovative solutions in Bermuda. Competitive compensation and career growth opportunities await.

Qualifications

• 4+ years of related work experience.
• Working knowledge of financial statements and accounting frameworks.
• Ability to perform technical actuarial calculations.

Responsibilities

• Support decision-making on transaction pricing.
• Collaborate with stakeholders on reserve/capital methodologies.
• Enhance actuarial pricing processes.

Skills

Analytical skills

Problem-solving

Financial analysis

Communication

Education

Bachelor’s Degree

Associate of the Society of Actuaries (ASA)

Job description

Associate Actuary page is loaded## Associate Actuarylocations: Hamilton, Bermudatime type: Full timeposted on: Posted Yesterdayjob requisition id: R-122885**This position is located in Bermuda.**Pramerica Services Company Bermuda, LTD., a wholly owned subsidiary of Prudential Financial Group ("PFI", fortune 500 Company), is seeking a skilled and highly motivated individual to fill a newly created Associate Actuary position.The associate actuary will be a key contributor in the regular rate-setting processes for flow business coming into the affiliate insurance companies, Gibraltar Re and Lotus Re. Lotus Reinsurance Company Ltd. (“LotusRe”) is a wholly-owned subsidiary of PFI, established to expand PFI’s presence in Bermuda and assume risk from PFI’s US businesses. Gibraltar Reinsurance Company Ltd (“GibRe”) is a sister company focused on the risk from PFI’s Japan business. Both companies are committed to delivering improved economic outcomes for certain products and liabilities, guided by our principles of stakeholder focus and dedication to policyholder outcomes**What you can expect:*** Support decision-making on new transaction opportunities by helping build the pricing capabilities and using that to carry out baseline and sensitivity analysis to determine appropriate transaction structures and prices.* Collaborate and engage with key stakeholders to ensure appropriate development and application of reserve / capital methodologies, investment and ALM choices, and other assumptions.* Help create and improve the ability to track actual to expected impacts for new transactions and inforce blocks.* Enhance actuarial pricing processes to improve efficiency and productivity while following actuarial models’ validation, maintenance and risk management requirements.* Support corporate model governance process, including model registration and affirmations.* Contribute to the creation, documentation, and registration of assumptions in collaboration with the assumptions team, along with attributing the impact of any assumption updates.**What you'll need:*** Bachelor’s Degree* 4+ years of related work experience* Associate of the Society of Actuaries (ASA) or similar* Working knowledge and analysis of financial statements (Income Statements, Balance Sheet) and experience with international accounting frameworks and/or reinsurance.* Demonstrate ability to understand and apply technical aspects of external regulatory, capital and solvency requirements* Demonstrate ability to perform technical actuarial calculations, analyze and synthesize the results and communicate to others effectively* Self-motivated and independent with strong analytical, critical thinking, and problem-solving skills; comfortable dealing with both complexity and ambiguity, and able to explore multiple solutions to problems and challenges**It would be a plus if you had:*** Experience with ALM* Familiarity of Bermuda EBS reserve and capital framework-Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area.We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit to learn more about our values, our history and our brand.Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status , medical condition or any other characteristic protected by law.Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.**Our Commitment to an Inclusive Workplace**Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.