Actuarial Associate

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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 Actuarial Analyst supports actuarial reporting, reserve calculations, capital modeling, and regulatory requirements. The role involves producing and analyzing monthly and quarterly results, maintaining actuarial models and controls, supporting process improvements, and contributing to financial reporting across multiple reporting bases. As part of the Actuarial Student Program, the incumbent is expected to actively pursue professional actuarial qualifications through exam progression.

KEY ACCOUNTABILITIES:

• Support the preparation of financial reports, including reserve calculations, capital modeling, and regulatory filings (e.g., BSCR, US GAAP, Collateral Reporting).
• Perform and update AXIS runs to produce results on both monthly and quarterly basis.
• Perform monthly and quarterly collateral calculation for reinsurance cedents.
• Providing analysis, including reserve movement and sensitivities, for various reporting basis such as Bermuda Economic balance sheet, US GAAP, Collateral.
• Maintaining and improving Actuarial controls.
• Analyze reinsurance data to identify trends and support actual vs expected analysis.
• Assist in creating management reporting for US GAAP/Bermuda EBS/Collateral.
• Help calculate reserves, liabilities, and other key financial metrics.
• Participate in the automation and enhancement of actuarial processes and reporting tools.
• Progress toward actuarial credentials through exam completion. This role is part of the Actuarial Student Program.

QUALIFICATIONS, SKILLS & EXPERIENCE:

• Bachelor’s degree in actuarial science, Mathematics, Statistics, or a related field. Or
• Other bachelor’s degree with at least one Actuarial exam passed under SOA/IFOA.
• Progress toward actuarial exams (SOA/IFoA) is preferred.
• Past Actuarial Internship or Actuarial experience is preferred.
• Strong analytical and problem-solving skills.
• Proficiency in Excel; familiarity with programming languages (e.g., Python, R, VBA) is a plus.
• Excellent communication and teamwork abilities.
• High attention to detail and strong organizational skills.
• Ability to work collaboratively in a team environment.

CHARACTERISTICS:

• Strong quantitative skills.
• Ability to learn quickly in a fast-moving environment.
• Collaborative approach to sharing workload and leverage skill sets.
• Strong organisational skills and the ability to cope with changing priorities.
• Effective communication skills both verbal and written and the ability to present results to a non-technical audience.
• Ability to work as an individual contributor and take initiative to learn new things.
• Ability to recognise potential conflicts and acknowledge where guidance is required / necessary.

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.