AVP, Actuarial

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ABOUT US:

Resolution Life is a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies. The Resolution Life Group is headquartered in Bermuda and operates globally through operations in Bermuda, the U.K., the U.S., and Singapore.  Resolution Life proactively manages an open and dynamic work environment, with an international team that is focused on applying technical expertise and technology to developing solutions for our counterparties.  

POSITION SUMMARY:

The AVP, Actuarial is a senior actuarial and financial management role responsible for valuation, financial reporting, forecasting, capital and collateral management, business planning, and strategic analysis. The role partners with Finance, Risk, Treasury, Investments, and senior leadership to support sound decision-making and process improvement.

KEY ACCOUNTABILITIES:

• Lead or support actuarial valuation, reserve calculations, and financial reporting processes.
• Develop and maintain actuarial and financial projection models, forecasts, budgets, and management reports.
• Conduct experience studies and analyze their results to provide actionable insights and support data-driven decision-making.
• Monitor business performance and provide analysis of key drivers and variances.
• Support capital, solvency, collateral management activities and reporting.
• Drive automation and process improvements using actuarial and analytical tools.
• Participate in acquisitions, reinsurance transactions, due diligence, and integration activities.
• Support regulatory, auditor, and management reporting requirements.
• Provide technical guidance, stakeholder management, and leadership support across the organization.
• Staffing and recruiting (as required).
• Other ad hoc requirements.

QUALIFICATIONS, SKILLS & EXPERIENCE:

• Bachelor’s Degree in Actuarial Science, Mathematics, Finance, Statistics, or related area.
• FSA, FIA or equivalent required.
• A minimum of 7 years of life (re)insurance experience preferred with a range of experience, including valuation, financial reporting, and modeling.
• Strong understanding of Bermuda Solvency Regime (preferred) or comparable solvency based reserving regime (Solvency II, Canadian IFRS, Cash Flow Testing, etc.)
• Solid foundation of different life and annuity products
• Experience with automation and process improvements, experience in coding such as Python, Databricks preferred.

CHARACTERISTICS:

• Strong independent thinker who is capable of understanding complex balance sheet dynamics.
• Demonstrates high standards regarding the quality and thoroughness of business and technical analysis.
• Business focused orientation; provides reasonable and rational perspectives.
• Team player and team builder; collaborative style; you partner effectively and with ease. 
• Highly accountable with a strong work ethic; committed to superior quality and service. 
• Able to handle multiple and changing priorities. 
• Results-driven; creative problem-solver. 

Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture: 

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Team Mentality: Partnering effectively to drive our culture and execute on our common goals. 
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions. 
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.