Associate, Reinsurance and International Markets

About Kuvare:

Kuvare Services Bermuda Ltd. (“KSB”), a Bermuda based service provider to affiliated and regulated Bermuda domiciled long- term reinsurers, is seeking an Associate, Reinsurance and International Markets to support KSB’s continued growth both for business originating from the US and Internationally.  The incumbent will support all aspects of reinsurance pricing and be exposed to a broad spectrum of reinsurance transactions including flow and block reinsurance across various geographies.

About the role

Reporting to the Assistant Vice President, Reinsurance and International Markets, primary duties will involve supporting the reinsurance pricing function with actuarial modelling.  Additional responsibilities include but are not limited to:

• Responsible for preparing pricing models for flow and block reinsurance transactions, primarily in Excel
• Enhance processes by developing and automating tools to be used at various stages of pricing
• Run sensitivity analysis and product feature testing; summarize and communicate findings in a precise and organized manner to the broader team
• Perform rate setting on existing new business reinsurance arrangements
• Analyze due diligence materials including but not limited to actuarial appraisals, confidential information memorandum, experience studies, seriatim data, and actuarial memorandums
• Analyze financial statements and other company reports
• Contribute to the preparation of presentations and reports
• Continuously challenge the status quo and stay abreast of regulatory changes that will affect reinsurance pricing
• Demonstrate a continued desire to learn and develop as a key member of the team
• Peer review team members’ work
• Other ad-hoc tasks as they arise
• Maintain a high degree of confidentiality

Qualifications

• Bachelor’s degree in actuarial science/accounting/finance/business/mathematics/statistics/commerce;
• FSA, near FSA, or an equivalent qualification from a recognized actuarial organization.  Consideration would also be given to individuals who have transaction experience from other backgrounds such as investment banking/ insurance brokers/ strategy consulting;
• Demonstrate a minimum of 5+ years relevant experience, working directly for a life/annuity (re)insurance company, bank/broker or consulting organization;
• Product knowledge of US annuities (FDAs, FIAs) a plus;
• Proficiency in MS Excel, Access, and VBA. Experience programming in SQL, R, or AXIS is a plus;
• Asset intensive reinsurance pricing experience working in an (re)insurance company, bank/broker or consulting organization;
• Experience/knowledge in various frameworks such as US GAAP, US Stat, RBC, EBS, Solvency II, ICS, EVS, etc.;
• Critical thinking and sound judgement with a strong attention to detail and ability to prioritize and manage multiple projects;
• Excellent interpersonal and communication skills both written and oral;
• Willingness and capacity to work overtime including evenings, weekends, and public holidays and on short notice when needed to meet time sensitive tasks.