Job Description

Assistant Director, Long-Term and Financial Risk

Supervision (Actuarial Services) Department

The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a qualified and experienced individual to perform the duties and responsibilities of Assistant Director, Long-Term and Financial Risk within our Supervision (Actuarial Services) Department. Reporting to the Deputy Director, the post-holder will be responsible for providing a range of actuarial services to support the Authority's supervision of regulated long-term insurers.


The post-holder will be responsible for but not limited to:

Supporting the Authority's supervision of regulated long-term insurers focusing on underwriting, reserving, risk aggregating processes and assessment of capital requirements Supporting the Department in the development and application of statistical and financial analytics Developing industry benchmarks for methodologies and assumptions used to research and develop best practices for regulatory analytics Supporting the Department with on-site inspections, particularly as it relates to establishing the appropriateness of insurer reserving practices and compliance with applicable legislation, codes and guidance Supporting the Licensing and Authorisations Department in relation to insurer applications and authorisation requests Representing the Authority at various local and international meetings, conferences and seminars involving meetings and information exchanges with regulatory bodies, government agencies and the financial services industry to maintain and develop key relationships whilst keeping abreast of industry trends
This position requires a proven technical and business background. Therefore, the post-holder must have:

A master's degree or equivalent qualification in actuarial science, mathematics, statistics, finance or related quantitative field. FSA, FIA, FCIA, or similar professional credentials are preferred A minimum of ten (10) years of relevant long-term insurance experience, of which at least five (5) years should be at a senior level in the financial services industry Knowledge of and experience with insurance and reinsurance actuarial issues, including pricing, reserving, capital modelling, financial reporting and risk management, pertaining to long-term business Excellent written, presentation and interpersonal skills with proven ability to communicate effectively with senior executives
The Bermuda Monetary Authority is the integrated regulator of the financial services sector in Bermuda. We offer the opportunity for broad exposure to international regulatory issues, special projects and a variety of work experiences.


If you are looking for a challenging opportunity in a team environment, we invite you to submit your application online via our 'Careers at BMA' page at www.bma.bm. Applications for this position must be received no later than

14 July 2025

.


Bermuda Monetary Authority is an Equal Opportunity Employer.

Individual Excellence...Collective Strength