Risk Actuary (P&C)

Hannover Re (Bermuda) Ltd. is currently seeking candidates for our open Risk Actuary, P&C position. This is a Full-Time role within the Risk Department.

You can look forward to

Working closely with the Chief Risk Officer, the Risk Actuary, P&C is responsible for evaluating, steering and controlling all P&C risks arising from the entity’s P&C segment. The employee shall also undertake additional duties as the Company may reasonably require from time to time.

Principal Duties and Responsibilities

• Assess, quantify and manage the risks arising in the P&C segment of the business, ensuring compliance with risk budgets.
• Support local regulatory and economic capital calculation and scenario analysis including capital impact analysis supporting business planning and development.
• Ensure, as part of the Risk Management Function, compliance with all relevant regulatory requirements and industry standards.
• Prepare comprehensive reporting for key risk metrics including PMLs, aggregates, Nat Cat budget and economic capital to support the Company’s reporting to the Board of Directors, the Regulator, and other internal and external stakeholders.
• Support model validation for the P&C segment as part of cross functional teams.
• Support the Risk Management Function to assess, develop and recommend effective risk mitigation strategies.
• Work closely with the Underwriting, Modelling and Finance Teams as well as the Group Risk Management Function to ensure an integrated approach to risk management within the P&C segment.
• Stay updated on industry best practice, emerging risks and advancements in actuarial science to continuously improve risk management processes.

You come equipped with

• Fellow of Society of Actuaries, Institute and Faculty of Actuaries or other equivalent qualifications from a recognized professional body.
• Minimum of five (5) years actuarial experience in P&C reinsurance industry with a specific focus on quantifying and controlling risk.
• Experience in assessing natural catastrophe risk and understanding natural catastrophe simulation models.
• Proficiency in actuarial software, risk modelling tools (such as R, SQL or Python) and data analysis techniques.
• Strong analytical and problem-solving skills with the ability to interpret complex information in a clear and concise manner.
• Proven ability to multi-task and work under pressure while ensuring accuracy and precision in all risk assessments and reports.
• A collaborative attitude with the ability to work effectively in cross-functional teams and build strong relationships with colleagues and stakeholders.
• Flexibility to work and adapt in a fast-paced, dynamic work environment with the possibility of working extended hours during peak times, as required.

Hannover Re (Bermuda) Ltd. is an equal opportunity employer. Qualified persons should apply. All applications will be held in the strictest of confidence.