This role will be based in Letterkenny and offers a hybrid working model of two days onsite per week. A fully remote option may also be considered, depending on the candidate's location and level of experience.
Prudential Bermuda Reinsurance is looking to fill an Associate Actuary who will be based in Ireland/Letterkenny in the Projections & Capital team.
This position will report to the Head of Projections and Capital (or reporting to the Director, Actuary on the team), primary responsibilities include producing liabilities relating to all forecasting and stress testing performed for both companies. This includes exercises for internal purposes (Multi-Year Projections, DST, LST, SSM, CISSA, etc.) and exercises for external purposes (business cases, regulatory stress testing).
This position will also collaborate across a wide range of teams, including Finance, Treasury, Global Portfolio Management, Audit, Tax and Risk Management.
What you can expect:
- Assist in producing liabilities items for forecasting, stress testing reporting deliverables.
- Collaborate with valuation and reporting teams to ensure that forecasting and stress testing appropriately capture the dynamics of the businesses.
- Work closely with both LotusRe and GibRe reporting teams to prepare and submit annual Bermuda filings.
- Collaborate with Modeling team to refine models to support all forecasting, stress testing and capital reporting needs.
- Collaborate and engage with key stakeholders: Bermuda Finance and Actuarial teams, Business Unit Finance and Actuarial teams, Modelling, Corporate Treasury, Global Portfolio Management, Audit (internal and external), Risk Management, Tax and Assumptions Teams
- Support future Bermuda reinsurance transaction analysis and pricing projects
What you’ll need:
- Bachelor’s degree
- 7+ years working in financial services, ideally experience in reinsurance reporting
- Near FSA (or international equivalent)
- Knowledge of Bermuda EBS framework and reinsurance.
- Knowledge of other international accounting frameworks and/ or insurance accounting, with experience in the preparation of balance sheets and income statements
- Strong analytical and quantitative skills
- Dedication to high-quality, timely work and strong results
- Passion for problem solving
- Excellent verbal and written communication/presentation skills
- Highly organized, collaborative and adept at managing multiple, competing priorities.
What we offer you
• Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.
• Annual Leave of 23 days at full pay.
• Pension Scheme: Members of the scheme can contribute up to 8% of salary per annum and PGIM Ireland matches contributions up to 8% of salary. Members can also make voluntary contributions to the scheme.
• Annual Bonus Programme & Shop LK Vouchers: Along with an annual bonus employees are rewarded with Shop LK vouchers which are paid tax free.
• Life Assurance: fully paid by PGIM Ireland, employees are covered from their start date and beneficiaries are provided with a lump sum of four times an employee’s salary.
• Education Assistance: PGIM Ireland have an Education Assistance Programme that reimburses eligible employees for furthering their education.
PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants’ gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community. PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit.
Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references. Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland.
Skills Required
- Bachelor's degree
- 7+ years of experience working in financial services, ideally in reinsurance reporting
- Near FSA or international equivalent
- Knowledge of the Bermuda EBS framework and reinsurance
- Knowledge of international accounting frameworks and/or insurance accounting
- Experience preparing balance sheets and income statements
- Strong analytical and quantitative skills
- Strong verbal, written communication, and presentation skills
- Ability to manage multiple competing priorities in an organized, collaborative manner
PGIM Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about PGIM and has not been reviewed or approved by PGIM.
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Healthcare Strength — Health coverage includes comprehensive medical, dental, and vision options, complemented by behavioral health programs and wellness reimbursements. On-site fitness centers and health coaching further support physical and mental well-being.
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Retirement Support — Retirement programs feature a 401(k) with company match and a company-funded pension, with access to an employee stock purchase program. Student loan repayment assistance and savings plans add to long-term financial support.
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Wellbeing & Lifestyle Benefits — Work-life balance is reinforced by flexible/hybrid work options, paid holidays and sick allowances, and amenities like gym access, free parking, and an affordable cafeteria in some locations. Tuition reimbursement, commuter benefits, and broad work/life resources extend lifestyle support.
PGIM Insights
What We Do
PGIM, the investment management business of Prudential Financial, Inc.* is a multi-manager that delivers industry-leading strategies and solutions to clients. Each business maintains its own investment process and culture, allowing for a singular focus on delivering investment returns for clients. The PGIM businesses offer investors a wide range of investment strategies across asset classes and geographies, including public equities, public and private fixed income, commercial mortgages and real estate. Clients of PGIM can rely on superior long-term performance, risk management expertise and innovative products to help them realize a wide range of business objectives. In addition, PGIM uses its collective knowledge and business expertise to work with public, private and non-profit sector partners to create solutions that address critical social issues that have an enduring impact. *Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
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