Head of Financial Reporting and Analysis

About Martello Re

At Martello Re, we are building a distinctive reinsurance offering grounded in exceptional client service, innovative solutions, and advanced data analytics. We are committed to attracting top talent and empowering individuals to make meaningful contributions while advancing their careers. Our dynamic, high-energy environment fosters collaboration and encourages bold thinking at all levels. At the same time, we maintain a steadfast focus on long-term financial strength to serve the best interests of our cedants and their policyholders. 

Reporting to the Head of Actuarial Valuation and FP&A, the Head of Financial Reporting and Analysis will serve as a critical business partner across actuarial, finance, investments, and executive leadership. This role is responsible for driving the annual planning cycle, long-range financial forecasting, management reporting, and strategic financial analysis, while also supporting key actuarial initiatives related to financial reporting. The ideal candidate is a seasoned actuary with deep expertise in the life and annuity (re)insurance industry and a demonstrated ability to translate complex financial and actuarial data into actionable executive-level insights.

Key Duties and Responsibilities

• Lead the development and execution of the annual budgeting process and multi-year financial forecasts.
• Produce management reporting packages for senior leadership and the Board, including variance analysis, KPI dashboards, and forward-looking commentary.
• Develop and maintain financial models for scenario and sensitivity analysis to support capital and risk management decision-making across the annuity portfolio.
• Partner closely with the actuarial team to understand and communicate movements in liabilities.
• Collaborate with the investments team to analyze ALM positioning, spread income, and the financial performance of asset-intensive treaty structures including annuity and funding agreements.
• Support the preparation of investor relations materials, rating agency presentations, and regulatory filings as required under Bermuda Monetary Authority (BMA) frameworks, including BSCR and EBS reporting.
• Identify opportunities to enhance FP&A processes, actuarial finance interfaces, and reporting infrastructure, driving efficiency and analytical rigor across the function.
• Provide support for key actuarial initiatives related to financial reporting, including new treaty and product onboarding, annual experience studies and assumption unlocking, and year-end financial reporting.
• Manage and mentor junior team members, fostering a culture of technical excellence and continuous development.
• Other tasks as assigned

Required Education and Experience

• Bachelor’s degree in actuarial science, mathematics, statistics, business, or related field required.
• FSA designation.
• At least 10 years of relevant actuarial experience, including financial planning, analysis, or financial reporting under US GAAP and/or Bermuda EBS/BSCR frameworks.
• Thorough understanding of reinsurance structures, including coinsurance, modified coinsurance (modco), funds withheld, and flow reinsurance arrangements.

Required Skills

• Advanced Microsoft Office skills (Excel, Word, PowerPoint).
• Technical skills in actuarial modeling tools and/or programming languages (e.g., R, Python, FIS Prophet or equivalent).
• Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• High attention to detail and excellent problem-solving skills.
• Capable of summarizing and communicating complex topics clearly and succinctly.
• Ability to work independently and as part of a team.
• Intellectually curious and self-motivated with high standards.
• High ethical standards and integrity.

Supervisory Responsibilities

• Manage and mentor junior team members, fostering a culture of technical excellence and continuous development.

Location and Travel

• Martello Re welcomes applications for remote positions from candidates residing in the Eastern United States or in states where the company currently operates. We are proud to be an equal opportunity employer and consider all qualified applicants without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other legally protected status.
• Periodic travel to Martello Re offices for internal meetings, approximately once per month for 2-3 business days, or more frequently as determined by business needs.

Physical Requirements

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift 15 pounds at times

Note for Recruitment Agencies

We kindly request that you do not forward any resumes to Martello Re employees unless specifically requested for this position or other roles within our organization. Martello Re bears no responsibility for fees related to unsolicited resumes.

Note to Applicants

Personal Information collected is used for recruitment purposes only and will be shared with hiring managers and those involved in the hiring process. We may retain your personal information for a reasonable period in compliance with applicable regulations, typically one year post application submission, to enable us to match your details with other suitable job opportunities that may arise from time to time, unless otherwise requested. Please refer to Martello Re’s Privacy Notice for further information on your rights and how we protect your personal information: Privacy Notice– Martello Re.