Chariot Re · 17 hours ago
Pricing Actuary - Reinsurance
United States
Full-time
Remote
Mid, Senior Level
$0/yr - $190K/yr
4+ years expChariot Reinsurance, Ltd. is an independent Bermuda-based Class E life and annuity reinsurance company. The Pricing Actuary will be responsible for developing and maintaining pricing models and tools, supporting the pricing of new business, and ensuring compliance with regulatory requirements.
Asset ManagementFinancial ServicesInsuranceLife InsuranceRetirementWealth Management
No H1B
Responsibilities
Support the end-to-end pricing of new business including closed block and flow reinsurance deals
Develop and maintain pricing models and tools and perform development, testing and model validation including version controls
Prepare required inputs for pricing models and tools, including sales and business mix assumptions, liability assumptions and asset and reinvestment assumptions
Work closely with the Investments function and other stakeholders on asset allocation on reinvestments assumptions and provide inputs to support investment decisions
Support Actuarial Valuation to derive best estimate assumptions. Perform reviews/validation of best estimate assumptions to be used for pricing new business
Support the completion of regulatory filings related to new business, including responses to follow-up queries. Coordinate the completion of deliverables to Chariot’s Board and/or Committees in relation to new business and pricing, in particular Underwriting Reports and new business approvals
Maintaining database of all pricing assumptions and documenting core pricing methodologies
Support the Risk and Financial Planning, and Analysis functions with new business stress testing and projections requirements
Work closely with technology and external partners to create streamlined pricing processes
Support Actuarial Valuation with the onboarding of new business into the valuation environment
Qualification
Required
Bachelor's degree in a quantitative discipline such as mathematics, statistics, actuarial science, etc
Near to qualified or newly qualified Fellow of the Society of Actuaries or equivalent designation
4+ years of experience in a valuation, modeling or pricing role, ideally with experience of annuities and life insurance blocks of policies and reinsurance
Experience developing models in Prophet or a similar modeling platform would be an advantage
Knowledge of Bermuda financial reporting and solvency regimes, and of US Statutory reserving, is an advantage
Strong interpersonal, written and oral communications skills, including a proven ability to build relationships with teams across the business
Experience producing deliverables such as reports, memos, presentations, etc for regulators or Board level audiences would be an advantage
Experience with actuarial modeling process design, controls, and automation
Ability to drive results, sometimes under tight deadlines
Benefits
Medical, dental, and vision insurance
Flexible PTO
Competitive retirement benefits
Opportunities for professional growth and development
Paid parental leave
Volunteer opportunities
Company
Chariot Re
Chariot Re is an independent Bermuda-based Class E life and annuity reinsurance company. Co-sponsored by MetLife and General Atlantic.
11-50 employees
Funding
Current Stage
Early StageTotal Funding
$1B2024-12-11Private Equity· $1B
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