Associate Actuary (Bermuda)

Overview

This role is located in Letterkenny, County Donegal, Ireland, offering a hybrid work model with two office days per week; fully remote arrangements may be possible depending on the applicant’s location and expertise.

Prudential Bermuda Reinsurance seeks an Associate Actuary to join the Projections & Capital team in Ireland. Reporting to the Head of Projections and Capital or the Director Actuary, the role centers on generating liability projections for forecasting and stress testing for both companies involved. Duties cover internal processes such as Multi-Year Projections, DST, LST, SSM, CISSA, as well as external regulatory stress testing and business case analyses.

Key Responsibilities

• Prepare liability components used in forecasting, stress testing, and reporting outputs.
• Partner with valuation and reporting units to ensure accurate reflection of business dynamics in forecasting and stress testing.
• Liaise with LotusRe and GibRe reporting teams to compile and submit annual Bermuda filings.
• Work alongside the Modeling team to enhance models supporting forecasting, stress testing, and capital reporting.
• Collaborate with diverse internal groups including Finance, Treasury, Global Portfolio Management, Audit, Tax, Risk Management, and Assumptions teams.
• Support upcoming Bermuda reinsurance transactions analysis and pricing initiatives.

Qualifications and Skills

• Bachelor’s degree required.
• Minimum seven years' experience in financial services, with preference for reinsurance reporting exposure.
• Near completion of FSA credential or international equivalent.
• Understanding of Bermuda EBS framework and reinsurance markets.
• Familiarity with other international accounting frameworks and experience preparing balance sheets and income statements.
• Strong quantitative and analytical abilities.
• Commitment to delivering high-quality work within deadlines.
• Problem-solving aptitude with a passion for innovative solutions.
• Excellent verbal and written communication skills, including presentations.
• Highly organized, able to manage multiple priorities collaboratively.

Benefits and Additional Information

• Health insurance through partnerships with Laya and BUPA, covering eligible medical and hospital expenses.
• 23 days of annual paid leave.
• Pension plan allowing employee contributions up to 8% matched equally by PGIM Ireland; voluntary contributions are also accepted.
• Annual bonus scheme plus tax-free Shop LK vouchers for employees.
• Life insurance providing a lump sum benefit equal to four times the employee’s salary, fully funded by the company from the start date.
• Education Assistance Program reimbursing costs for approved further education courses.

Equal Opportunity Statement

PGIM Ireland is an equal opportunity employer committed to hiring based solely on merit without discrimination based on gender, civil or family status, sexual orientation, religion, age, disability, race, or traveler community membership.

Employment Conditions

Job offers at PGIM Ireland require satisfactory references and successful completion of background checks.