Director of Life Insurance - Bermuda

  • Job Reference: BBFB 171221
  • Date Posted: 29 November 2016
  • Recruiter: Headhunt International
  • Location: Bermuda
  • Salary: 150,000 to €180,000
  • Bonus/Benefits: Negotiable DOE
  • Sector: Accounting, Banking & Financial Services
  • Job Type: Permanent
  • Work Hours: Full Time

Job Description

Actuarial Director of Life Insurance - Bermuda

One of the world's leading and most diverse financial services organizations, with an excellent reputation for customer focus and innovation in all of its markets, is now looking for an Actuarial Director of Reinsurance.

Reporting to the Head of Reinsurance, the Director, will be responsible for assisting the Head of Reinsurance in several activities associated with the Reinsurance activity currently carried out in Bermuda.

Duties and responsibilities will include:

Serve as the appointed Loss Reinsurance Specialist for Bermuda;
Coordinate preparation of annual BSCR submission and its statutory and IFRS financial statements;
Collaborate with corporate colleagues to support Bermuda¿s ORSA requirements and to monitor the adequacy of risk management and current/ prospective solvency positions;
Monitor the evolving regulatory environment in Bermuda to ensure that the Organisation complies with all financial reporting and capital adequacy regulations and to plan for potential changes

Required qualifications and experience

FSA designation
A minimum of 10 years experience in the Life Insurance industry
Strong Life Insurance and annuity product knowledge, including reinsurance of these products
Exposure to financial reporting and capital management
Understanding of international regulatory capital rules such as NAIC, MCCSR, Solvency II and/or BSCR is a plus

Please send us your CV or call Kathy Robinson on (01) 41 88 183 for more information