Pricing Actuary
A top-tier annuity reinsurer is seeking a Reinsurance Pricing Actuary to join its Bermuda-based pricing team. This is a high-impact seat at one of the most active platforms in the global annuity reinsurance market, offering exposure to complex, large-notional transactions across the U.S., U.K., and Asia-Pacific regions. You'll work alongside senior deal leads, investment professionals, and structuring specialists to price, negotiate, and close transformative reinsurance transactions.
If you're an actuary who thrives at the intersection of pricing rigor, capital efficiency, and deal execution - this role offers the exposure, autonomy, and upside to match.
What You'll Do
- Lead pricing for pension risk transfer (PRT), fixed and fixed-indexed annuities (FIA), payout annuities, and structured settlement reinsurance transactions.
- Own the end-to-end deal lifecycle - from initial screening and assumption setting through modeling, sensitivity testing, capital analysis, term sheet negotiation, and treaty close.
- Build and refine cash flow and pricing models using industry-standard platforms (MG-ALFA, AXIS, Prophet, or Moody's AXIS).
- Partner with investments, ALM, risk, and legal teams to structure economically attractive and capital-efficient deals under Bermuda EBS, U.S. STAT/GAAP, and Solvency II frameworks.
- Develop assumptions for mortality, longevity, lapse, and policyholder behavior, incorporating experience studies and market benchmarks.
- Present pricing recommendations and deal economics to senior leadership and pricing committees.
- Monitor emerging regulatory developments (BMA, NAIC, Bermuda 2024 reforms) and integrate impacts into pricing frameworks.
What We're Looking For
Required
- ASA or FSA designation (Society of Actuaries).
- 5+ years of actuarial experience, with meaningful time in annuity or life reinsurance pricing.
- Demonstrated experience working on end-to-end reinsurance transactions - from opportunity assessment through binding and close.
- Strong command of actuarial modeling software and advanced Excel/VBA; Python or R is a plus.
- Deep understanding of annuity product mechanics, reserving frameworks, and capital regimes.
Preferred
- Prior experience at a reinsurer, consultancy, or direct writer in a PRT / block reinsurance capacity.
- Familiarity with Bermuda EBS, AG 53, VM-22, and Scenario-Based Approach (SBA).
- Track record of interfacing directly with cedents, brokers, and rating agencies.
- Willingness and eligibility to relocate to Bermuda.
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