Actuarial Associate

Kuvare Services Bermuda Ltd. (“KSB”) , a Bermuda-based service provider to affiliated and regulated Bermuda‑domiciled long‑term reinsurers, is seeking an Actuarial Associate to support KSB’s continued growth. As a member of the actuarial team (currently a team of 10), the successful candidate will contribute to delivering well‑explained, accurate and timely analysis supporting financial and regulatory reporting within KSB. Working in our Bermuda office and interacting with the risk, finance and investment teams, the opportunity offers exposure to the growing asset‑intensive life and annuity business in an evolving reinsurance framework.

Key Duties and Responsibilities

• The actuarial team performs numerous tasks for valuation, investment modeling, in‑force management, capital and business planning, and risk which include but are not limited to:
• The execution of the business plan through the development of new models, assumptions, methodology, and processes, along with the continuous enhancement of procedures and controls by automating workflows and increasing operational and reporting efficiency.
• The end‑to‑end production, analysis and explanation/attribution of KSB’s quarterly and year‑end Bermuda EBS Technical Provisions and BSCR, and contribution to regulatory submissions to the BMA e.g., Capital & Solvency Return, Financial Condition Report, CISSA, and other sensitivities/stress‑tests as required for regulatory filings and applications.
• The implementation of asset modeling processes that feed into the ALM models that drive regulatory metrics and internal decision making. This includes more traditional asset classes as well as structured and private assets.
• Conducting actual‑to‑expected experience analysis, monitoring and evaluating the performance of in‑force treaties and supporting the development and implementation of new assumptions.
• Supporting the year‑end GAAP Audit and Approved Actuary processes by responding to questions and requests for additional data/analysis.
• Producing and analyzing monthly reinsurance settlements for third party cedants.
• Actuarial Associates will own critical deliverables within specific workstreams and as well as gaining broader exposure to the business through review and validation of other actuarial activities that are scheduled throughout the year.

Minimum Qualifications and Experience

• Bachelor’s degree in Actuarial Science, Mathematics, Finance, Risk Management or similar.
• ASA designation or equivalent demonstrating strong exam progression. Pursuing further relevant qualifications, e.g. CFA, is supported.
• Demonstrate a minimum of 3‑5 years’ relevant actuarial experience, working directly for a life/annuity (re)insurance company or consulting organization.
• Experience with a life valuation framework. Bermuda EBS, US GAAP, or US Stat are relevant but other frameworks can be transferable.
• Proficiency in an actuarial software is valuable.
• Experience with Python or R coding.
• Working knowledge of annuities and life products. US annuity products are particularly relevant but experience with other markets can be transferable.
• Working knowledge of insurance company investments.
• Strong analysis, critical thinking skills and sound judgement.
• Strong interpersonal and communication skills both written and oral.
• Inquisitive approach, exhibits self‑motivation and takes initiative.

Kuvare is an equal‑opportunity employer that makes hiring decisions based on merit, qualifications, and business needs. We are dedicated to a policy of nondiscrimination in employment on any basis, including age, sex, color, race, creed, national origin, religious persuasion, marital status, political belief, or disability, that does not prohibit the performance of essential job functions.

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