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Group Actuary - Modeling

Category: Insurance / Reinsurance

Job Description:
On behalf of our client, a leading reinsurer we are seeking applicants for the role of Group Actuary – Modeling to join its Group Actuarial function.

The primary responsibilities include:

• Responsible for the Group economic capital modeling;
  
• Develop model specifications, process, controls, output, and reporting requirements at a Group and for Bermuda legal entity modeling;
  
• Peer review, oversight, and ensure maintenance of best practices for the European legal entity modeling;
  
• Oversight of group risk and return measures and communicate the results;
  
• Capital attribution for pricing purposes;
  
• Evaluation of the deployment of capital to achieve optimal returns within risk constraints for the Company;
  
• Effective interaction with the various risk owners in the underwriting and capital markets business groups to understand the Company’s business, execution operational and systemic risks;
  
• Presentation to management.
  

• Fellow of the Casualty Actuary Society (FCAS) or Fellow of the Institute of Actuaries (FIA) or equivalent;
  
• 7 to 10 years preferred with quantitative and risk analysis experience in insurance and experience with the functions outlined above;
  
• Experience with enterprise risk management concepts including research, development and implementation of capital at risk or other quantitative models;
  
• IGLOO programming skills preferred;
  
• Good problem solving and critical thinking skills with attention to detail;
  
• Excellent communication skills; experience breaking down complex subjects for diverse audiences a plus;
  
• Strong work ethic, self motivated with commitment to meeting.
  

Type of Position: Permanent

Posting Date: 13/04/2010    Closing Date:13/05/2010