Actuarial Analyst Annuity - Toronto, Canada - Berkshire Hathaway Group Reinsurance Division

Berkshire Hathaway Group Reinsurance Division

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

The Berkshire Hathaway brand is synonymous with trust, integrity, prudent risk taking and doing business the right way.

Like all great brands, ours continues to be forged based on the actions of our people - every one of us - who live it day to day and over time.

Our financial strength enables us to provide consistent capacity and innovative, tailored solutions.

It enables us to underwrite large, complex risks long term - and gives our customers the utmost confidence in the way we do business.

Berkshire Hathaway Group, Reinsurance Division (BHG Re) is a leading provider of life retrocession to Reinsurers from the United States, Canada, Asia and Europe.

We are a unique organization, financially strong and diversified, with an appetite for large risks and a long investment horizon, more accepting of volatility.

We specialize in individual life, annuity, longevity and critical illness reinsurance. BHG Re provides the most collaborative and supportive culture where you can learn and grow.

About the Role
The Company has an Actuarial Analyst Development Program that provides support for actuarial exams.

Responsibilities:
(include but not limited to):

Quarterly production runs under US GAAP and US Statutory bases including the following:
Preparation of the models including updates to assumptions and data
Preparation of Economic Scenario Generators (ESG)
Production of quarterly results, disclosures, and controls
Analysis of results
Yearend production runs including US asset adequacy analysis and RBC testing;
Ensure reserve calculations conform to US GAAP LDTI standard (Long-Duration Targeted Improvements) and US Statutory standards;
Perform quarterly model refinements;
Perform analysis of reinsurance performance, produce experience studies, sensitivities and other disclosures;
Ensure that data feeds from 3rdparty administrators meet the required standards;
Support for capital, risk management and pricing;
Support 3rdparty audits;
Ensure that relevant deadlines are met at all times.

What you will bring to the role:

Undergraduate degree in actuarial science, mathematics, statistics or a related field;
Completed a minimum of 5 examinations of the Society of Actuaries. An ASA designation is preferred;
Experience with life insurance and annuity products;
Experience with AXIS;
Experience with stochastic modelling in AXIS would be beneficial;
Strong technical skills and ability to analyze and solve problems;
Strong quantitative analysis skills;
Strong attention to detail;
Good verbal and written communication skills;
Programming skills and knowledge of VBA would be beneficial.