The Assistant Vice President, Modeling Actuary, is an experienced technical contributor who plays a key role in analyzing and/or modelling liabilities for potential life and annuity reinsurance transactions. 

What You Will Do: 

Pricing Analysis 

• Data Analysis: Collect and analyze all liability structure, risks and experience to support pricing.
• Cashflow/Assumption Development Models: Design and run the liability cashflow and/or assumption development models to produce baseline liability pricing results and sensitivities specific to each transaction. 

Collaboration and Communication 

• Cross-functional Collaboration: Incorporate data from actuarial, investments, and other teams to ensure the liability analysis aligns with Fortitude's overall business goals.
• Stakeholder Communication: Assist in preparing the results of the liability analyses. 

Standards and Documentation 

• Standards: Ensure analyses comply with all pricing, modelling and assumption development standards.
• Documentation: Maintain comprehensive documentation of liability cashflow models, methodologies, and assumption development. 

Professional Development 

• Continued Education: Engage in continuous learning and professional development activities, such as actuarial exams, to stay current with industry trends and advancements.
• Mentorship: Provide guidance and mentorship to junior team members within the department. 

Continuous Improvement and Innovation 

• Model Improvement: Assist in the implementing and reviewing model changes to improve the liability and assumption development models. 
• Innovative Solutions: Propose and implement innovative solutions to enhance liability and assumption development models and methodologies. 

What You Will Have: 

• Qualified Fellow of the Society of Actuaries or Institute of Actuaries or career ASA with 7+ years of experience post ASA.
• Strong modeling and technical skills (Excel modeling skills required, AXIS/SQL/Python/Julia/Slope a plus).
• Previous experience in majority of life/annuity/LTC pricing, product development, experience studies, Valuation, or Reinsurance functions. Experience with Bermuda’s regulatory framework for long-term insurance a plus.
• Strong communication and interpersonal skills, adaptable, and a team player.
• Organized, reliable, detail-oriented, and motivated to support delivering timely results and quality work products.
• Ability to prototype models for validation and ground-up development, learning real-time, anticipating problems or challenges and proactively addressing them.
• A strong conceptual understanding and hand-on experience with different financial reporting bases (e.g. US/Canadian/Bermuda/International regimes).
• Drive to solve problems in a disciplined and pragmatic way.

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