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AVP, Actuary FP&A

AVP, Actuary FP&A job! Our Client is one of the world’s leading reinsurers. Our Client is viewed as a reliable partner for innovative risk solutions, exceptional customer relationships and financial soundness. The rating agencies have awarded excellent ratings to our Client. It has grown into a global player by successfully dealing with risks.

Outstanding role for an individual to enhance their career with a growing company. The AVP, Actuary FP&A job salary is $147,300 to $180,900 DOE + Bonus. This job is Remote. Apply now for this exceptional AVP, Actuary FP&A job by following the instructions at the end of this Job description!

Role Overview

The AVP, Actuary FP&A is responsible for the coordination of quarterly management discussions and analysis (MD&A) for internal, group, and external stakeholders. This role includes Solvency II (SII) equity variation reporting, Intrinsic Value Creation (IVC) analysis, and IFRS 17 reporting. Additionally, the AVP, Actuary FP&A job manages the Statutory and IFRS 17 forecast and planning processes, ensuring accurate and timely reporting to the US leadership team. The AVP, Actuary FP&A will also handle regulatory actuarial deliverables related to Bermuda-based entities, including actuarial opinions and memoranda.

Key Responsibilities

• Solvency II, IVC, and IFRS 17, and S&P Reporting (30%):
  • Prepare and deliver quarterly equity memoranda for group reporting under IFRS 17 and SII Pillar 3.
  • Coordinate and oversee corporate actuarial functions across FRV and consolidate results into an equity memo.
  • Prepare quarterly asset allocation and S&P capital reporting.
  • Accurately calculate and report IVC on a quarterly basis.
• Regulatory Reporting for Bermuda Entities (20%):
  • Collaborate with accounting and ERM teams to produce the Bermuda Economic Balance Sheet (EBS) for BMA-regulated entities.
  • Monitor BMA guidance and regulations, maintaining current knowledge of evolving requirements.
  • Develop actuarial opinions and memoranda for the Approved Actuary’s signature, ensuring compliance with regulations.
  • Conduct independent reviews and oversight of technical provision calculations to ensure accuracy.
• Financial Planning & Analysis (FP&A) (40%):
  • Coordinate the financial forecasting and planning process with local and group teams.
  • Collect, document, and communicate financial result drivers to key stakeholders, including the US leadership team.
  • Prepare Board materials to support the US leadership in communicating business insights to the Board.
  • Develop and maintain consistent templates, databases, and tools to standardize financial forecasting and planning.
• Ad-hoc Projects (10%):
  • Support Corporate Actuarial functions on various projects.
  • Coordinate and conduct periodic expense studies and updates to project expenses consistently across reporting and pricing.

Core Competencies

• Collaboration:
  • Able to work effectively with cross-functional teams.
• Communication:
  • Articulate complex ideas to diverse stakeholders.
• Planning and Alignment:
  • Organize tasks to achieve both local and group objectives.
• Technical Aptitude:
  • Leverage technology to enhance reporting and forecasting.
• Business Acumen:
  • Apply business knowledge to actuarial functions.

Essential Knowledge, Skills, and Abilities

• Bachelor’s degree in Actuarial Science, Mathematics, or related field.
• FSA designation, MAAA or equivalent.
• Minimum of 8 years in insurance/reinsurance valuation.
• Exceptional communication and organizational abilities.
• Capable of independent work with minimal supervision.
• Project and resource management expertise.
• Strong interpersonal skills, adept at presenting complex information.
• Proficient in MS Office: Excel, Word, Outlook, and PowerPoint.

Preferred Knowledge, Skills, and Abilities

• Experience in financial reporting or valuation functions.
• Knowledge of IFRS, NAIC statutory, Solvency II reporting standards.
• Familiarity with reinsurance structures and analysis.
• Life insurance product knowledge (e.g., Term, WL, UL, ULSG).
• Skilled in assessing financial statements for accuracy and reasonableness.
• Experience with accounting systems and database tools.

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