AVP, Actuary – Reserving

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.

Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

POSITION SUMMARY

The AVP, Actuary – Reserving is responsible for a wide range of RenaissanceRe’s reserving and related reporting efforts and reports to the VP, Head of Bermuda Reserving. The successful candidate will have an active role in the ongoing development of the reserving processes and will work closely with members of the Finance, Claims, Risk and Underwriting teams. Renaissance Re’s reserving team in Bermuda is a small dynamic team and it is crucial the successful candidate is a proactive and independent thinker who enjoys working in a challenging, transparent environment.

RESPONSIBILITIES INCLUDE:

• Working with the VP, Head of Bermuda Reserving to
• Update the quarterly reserves, working closely with the finance team, underwriters and claims teams
• Analyse reserving results and respond to questions both internally and externally from the external actuaries and auditors
• Determine the a priori loss ratios and update as needed reporting and payout patterns by Reserving Class
• Determine the Solvency II Technical Provisions and update assumptions as required and in line with guidance updates
• Contribute to the ongoing development of the capital model in particular regarding the reserve risk and risk margin
• Provide reserving information for reporting requirements both internally and externally
• Complete ad hoc assignments, as needed

QUALIFICATIONS, SKILLS & EXPERIENCE:

• An undergraduate degree in a numerical/statistical discipline, or the equivalent
• Minimum 8 years of actuarial reserving experience
• Qualified actuary
• Reinsurance experience desirable
• Excellent written and verbal communication skills
• Superior organizational and analytical skills and ability to execute under tight deadlines
• Strong knowledge of MS Excel
• Knowledge of ResQ and SQL is desirable

We are an equal opportunity employer.  We provide equal opportunity to all applicants and employees regardless of race, color, religion, national origin, age, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories. 

Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.

We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.