Associate Actuary (Bermuda) | PGIM Ireland

This role will be based in Letterkenny and offers a hybrid working model of two days onsite per week. A fully remote option may also be considered, depending on the candidate's location and level of experience.

Prudential Bermuda Reinsurance is looking to fill an Associate Actuary who will be based in Ireland/Letterkenny in the Projections & Capital team.

This position will report to the Head of Projections and Capital (or reporting to the Director, Actuary on the team), primary responsibilities include producing liabilities relating to all forecasting and stress testing performed for both companies. This includes exercises for internal purposes (Multi-Year Projections, DST, LST, SSM, CISSA, etc.) and exercises for external purposes (business cases, regulatory stress testing).

This position will also collaborate across a wide range of teams, including Finance, Treasury, Global Portfolio Management, Audit, Tax and Risk Management.

What you can expect:

• Assist in producing liabilities items for forecasting, stress testing reporting deliverables.
• Collaborate with valuation and reporting teams to ensure that forecasting and stress testing appropriately capture the dynamics of the businesses.
• Work closely with both LotusRe and GibRe reporting teams to prepare and submit annual Bermuda filings.
• Collaborate with Modeling team to refine models to support all forecasting, stress testing and capital reporting needs.
• Collaborate and engage with key stakeholders: Bermuda Finance and Actuarial teams, Business Unit Finance and Actuarial teams, Modelling, Corporate Treasury, Global Portfolio Management, Audit (internal and external), Risk Management, Tax and Assumptions Teams
• Support future Bermuda reinsurance transaction analysis and pricing projects

What you’ll need:

• Bachelor’s degree
• 7+ years working in financial services, ideally experience in reinsurance reporting
• Near FSA (or international equivalent)
• Knowledge of Bermuda EBS framework and reinsurance.
• Knowledge of other international accounting frameworks and/ or insurance accounting, with experience in the preparation of balance sheets and income statements
• Strong analytical and quantitative skills
• Dedication to high-quality, timely work and strong results
• Passion for problem solving
• Excellent verbal and written communication/presentation skills
• Highly organized, collaborative and adept at managing multiple, competing priorities.

What we offer you
• Health Insurance: PGIM Ireland partner with Laya and BUPA to provide health insurance schemes that cover eligible employees day to day medical and hospital expenses.
• Annual Leave of 23 days at full pay.
• Pension Scheme: Members of the scheme can contribute up to 8% of salary per annum and PGIM Ireland matches contributions up to 8% of salary. Members can also make voluntary contributions to the scheme.
• Annual Bonus Programme & Shop LK Vouchers: Along with an annual bonus employees are rewarded with Shop LK vouchers which are paid tax free.
• Life Assurance: fully paid by PGIM Ireland, employees are covered from their start date and beneficiaries are provided with a lump sum of four times an employee’s salary.
• Education Assistance: PGIM Ireland have an Education Assistance Programme that reimburses eligible employees for furthering their education.

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PGIM Ireland is proud to be an equal opportunity employer and is committed to equal employment opportunity regardless of applicants’ gender, civil status, family status, sexual orientation, religion, age, disability, race or membership of the traveler community. PGIM Ireland's aim is to hire the best people for the open roles and all appointments will be made on merit.

Any offer of employment made by PGIM Ireland will be contingent on receiving satisfactory references. Applicants should be aware that background checks will be carried out on all candidates offered a position within PGIM Ireland.

About Prudential

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of Dec. 31, 2023, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for 150 years. For more information please visit news.prudential.com.

Our Commitment to an Inclusive Workplace

Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.

About PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), is a global investment manager with US $1.3 trillion in assets under management as of Dec. 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

PGIM Inc. (PGIM) is the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

Our Commitment to an Inclusive Workplace

Prudential Financial, Inc. serves its customers in more than 40 countries and territories, and we seek talented, creative individuals from a variety of backgrounds, worldviews, and life circumstances to work with us. We are focused on creating a fully inclusive culture, where all employees feel comfortable bringing their authentic selves to work. We don’t just accept difference—we celebrate it, support it, and thrive on it. At Prudential, employees have a unique opportunity to build their career path by owning their development, their career, and their future. We encourage employees to hone their skills and explore continued opportunities within Prudential.