Chief Operating Officer and Senior Actuary - Life Reinsurance

About the role

This role combines chief operating officer and senior actuary responsibilities for a life reinsurance business, overseeing reinsurance transactions from structuring and pricing through execution and post-transaction monitoring, and supporting the company's governance and regulatory reporting.

Key responsibilities

• Evaluate and recommend reinsurance structures and risk transfer solutions consistent with approved risk appetite, capital objectives and business strategy
• Ensure robust pricing methodologies, underwriting standards, controls and governance processes
• Monitor market developments and their implications for pricing, capacity and transaction opportunities
• Conduct treaty performance analysis and recommend improvements to underwriting and portfolio management
• Support new asset, product, underwriting and risk management capabilities and annual business plans and budgets
• Oversee outsourced functions, third-party providers and intra-group arrangements, and support the governance framework including delegated authorities and management committees
• Maintain management information, KPIs and operational reporting
• Coordinate BMA regulatory filings, statutory and management reporting, and act as principal management contact for the BMA; support regulatory engagements and supervisory reviews
• Ensure compliance with the Bermuda Insurance Code of Conduct and other legal, regulatory and internal requirements
• Oversee operational risks and controls across Bermuda operations and service providers, escalating material issues promptly

Required profile

• University degree in actuarial science, mathematics, statistics, finance, business or a related discipline
• Fellow of a recognised actuarial professional body (FSA, FIA or equivalent)
• Minimum 15 years of relevant insurance, reinsurance or actuarial experience
• Substantial experience in life reinsurance pricing, structuring, underwriting, transaction execution or capital management
• Experience in a regulated insurance or reinsurance environment, ideally including Bermuda
• Experience managing operational activities, governance and cross-functional stakeholders, and interacting with regulators and oversight committees

Required skills

• Strong knowledge of life and health insurance products and reinsurance structures, especially in Asian markets
• Understanding of legal entity governance, operational management and regulatory requirements
• Ability to assess financial implications of business decisions under IFRS 17 and multiple capital frameworks
• Strong knowledge of risk-based capital and solvency regimes, ideally including Bermuda EBS and BSCR