Actuary

Martello Re

4h • Remote

About The Position

Martello Re Services Company LLC is seeking an Actuary to support and lead the production and reporting under the Economic Balance Sheet (EBS) framework. Standardize, streamline, and automate processes to minimize production work and maximize analytical work. Mange the production and reporting of the rating agency models (e.g., BCAR). Support management of current and projected capital positions. Keep current with Bermuda regulatory changes, educate others in the company, and coordinate with the impacted areas to understand implications/implement the changes. #LI-DNI
Position requires a Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Business or a related field, followed by 4 years of experience with US GAAP, Bermuda’s Economic Balance Sheet (EBS), Embedded Value and Economic Capital frameworks. Experience must include at minimum: 4 years of experience with asset intensive products including fixed index annuity with and without guarantees, multi-year guarantee annuity, pension risk transfer, registered index linked annuity, funding agreements, universal life, indexed universal life, and whole life; 4 years of experience with financial controls framework and operational risk governance; 4 years of experience with R or Python; 2 years of experience with the Bermuda Solvency Capital Requirement (BSCR) Model; and 2 years of experience with actuarial modeling software (e.g., Prophet, MG-ALFA). Fellow of the Society of Actuaries (FSA) designation required. Monthly domestic and occasional international travel required. Telecommuting/remote work is available within the United States.
Job location: Charlotte, NC. To apply, please visit https://ats.rippling.com/martello-re/jobs and select the Job Title: Actuary. Alternatively, please send your résumé, cover letter, and a copy of the ad to: Martello Re Services Company LLC, Attn: Jaime Perez, 3530 Toringdon Way, Building 6, Suite 101, Charlotte, NC, USA 28277.

Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Business or a related field
• 4 years of experience with US GAAP, Bermuda’s Economic Balance Sheet (EBS), Embedded Value and Economic Capital frameworks.
• 4 years of experience with asset intensive products including fixed index annuity with and without guarantees, multi-year guarantee annuity, pension risk transfer, registered index linked annuity, funding agreements, universal life, indexed universal life, and whole life
• 4 years of experience with financial controls framework and operational risk governance
• 4 years of experience with R or Python
• 2 years of experience with the Bermuda Solvency Capital Requirement (BSCR) Model
• 2 years of experience with actuarial modeling software (e.g., Prophet, MG-ALFA)
• Fellow of the Society of Actuaries (FSA) designation required
• Monthly domestic and occasional international travel required

Responsibilities

• Support and lead the production and reporting under the Economic Balance Sheet (EBS) framework.
• Standardize, streamline, and automate processes to minimize production work and maximize analytical work.
• Manage the production and reporting of the rating agency models (e.g., BCAR).
• Support management of current and projected capital positions.
• Keep current with Bermuda regulatory changes, educate others in the company, and coordinate with the impacted areas to understand implications/implement the changes.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 51-100 employees