Works as part of the Actuarial team supporting Sagicor Reinsurance Bermuda Ltd. (SRBL), providing actuarial valuation, financial reporting, capital reporting and modelling support, including IFRS17 and Bermuda EBS reporting.
This role is based in Toronto, Canada.
Key Responsibilities- Serve as actuarial support for Sagicor's Bermuda captive reinsurance entity (SRBL).
- Perform quarterly actuarial valuation for SRBL including IFRS17 and Bermuda EBS reporting.
- Prepare actuarial analysis, reporting and supporting materials used in the presentation of IFRS 17 financial results to Senior Management and the Board.
- Implement, maintain, and improve the actuarial valuation models in AXIS.=
- Understand and implement the actuarial control processes for SRBL.
- Prepare in depth analysis for sensitivity test, capital adequacy and risk management.
- Perform model validations for SRBL.
- Support the implementation of artificial intelligence processes to enhance actuarial workflows and operational efficiency.
- Improve the actuarial functions by identifying and improving inefficiencies.
- Establish as the subject matter expert in areas assigned.
- Perform any other duties as assigned.
What we pay$105,000 - $135,000
Qualifications
- A Bachelor of Science degree in Actuarial Science, Mathematics, Statistics, Economics or Finance with a strong background in Mathematics including Calculus, Probability and Statistics.
- Associate level designation (or approaching completion of associate level designation) along with two to five (2-5) years of experience in a similar capacity.
- Experience supporting actuarial valuation, financial reporting, capital modeling, or solvency assessment processes within a regulated insurance environment.
- Demonstrated ability to deliver accurate analyses and reporting under strict monthly, quarterly, and annual reporting timelines.
- Possesses deep intellectual curiosity and strong analytical skills, including willingness to learn various life insurance valuation and capital standards, and actuarial software, such as: IFRS 17, Bermuda EBS and AXIS.
- A high level of proficiency in the use of AXIS and Microsoft Office Software with strong Excel skills
- Good verbal and written communication skills along with good organisational skills.
- Detailed oriented and deadline driven with good time management skills.
- Working knowledge of life insurance products, actuarial liabilities, IFRS 17, capital reporting or statutory reporting is an asset
- Proficiency in SQL, Python, VBA and R programming would be an asset.
- Experience with life insurance valuation, IFRS 17 reporting, Bermuda EBS reporting, AXIS modeling and/or reinsurance operations is strongly preferred.
What's in it for youAt Sagicor, it's important for us to keep our people motivated, recognized and rewarded. We offer competitive pay, one of the many reasons Sagicor is a great place to work.
When you join the Sagicor team you also get...
- Flexible and hybrid work arrangements
- Opportunities for professional development
- Recognition programs to cheer you on, motivate and reward
