Actuary

Prismic is hiring a full-time actuary to join the fast-growing Bermuda operation. Prismic is a global reinsurance platform, established in September 2023 as a Private Equity-backed start-up. Our company's expertise and operational scalability allow us to provide risk and balance sheet management solutions to clients while offering investors the opportunity to participate in reinsurance as an investment. Prismic is building a core leadership group of seasoned experts with a track record of success and an ownership mindset to deliver on shared ambitions.

This is a unique opportunity to join an entrepreneurial start-up that has the benefit of strong sponsorship, enabling it to scale. Our team of professionals brings commercial depth and technical expertise across various fields, including Reinsurance, Investments, Finance, Asset-Liability Management, Actuarial, Transactions, Law, Controllership, Operations, and Risk. Selected actuaries will be responsible for supporting Prismic’s growth by supporting areas such as actuarial modeling, projection, and valuation. Key Responsibilities:

Perform actuarial modeling, projection, and valuation under multiple bases, including EBS, US GAAP, Embedded Value, and US TaxPerform experience review, monitoring, and assumption updatePartner with Investment team and asset management team on strategic asset allocation and ALM to maintain a stable balance sheet with strong bottom-line growth and capital position. Partner with Finance team on financial reporting, results analysis, deal profit measurement and forecasting, as well as investor reportingProduce risk measurement report and analytics for regulatory filing and internal management risk monitoringSupport the company’s engagement with regulatory bodies, including SBA application, asset and derivatives approval, and prudential review.

The engagement could expand to the jurisdictions as needed. Collaborate with Pricing/Deal team in new business onboarding and fund raising in support of top-line growthParticipate in operating model transformation to build a more streamlined, better controlled, and more efficient end-to-end financial operating process including data, modeling, valuation, financial reporting, and analysis. Collaborate with external business partners and vendors to deliver high quality results on a timely fashion, while building institutional knowledgeSupport business and commercial undertaking, such as rating agency engagement, capital call and distributionRequired Skills and Qualifications:

Fellow or near Fellow of the SOA, IFoA, FCIA, with 3+ years of actuarial professional experienceWorking knowledge and experience with actuarial modeling software, experience with pALM, MG ALFA, and Axis highly desirableWorking experience with Python, Power BI, and MS office is a plusAbility to prioritize, plan, and execute across multiple work efforts simultaneouslyAspired to thrive in a fast pace and dynamic professional environment, with project management and relationship management skillsStrong verbal & written communication skills, particularly in explaining technical challenges & writing documentationBachelor’s degree in actuarial science, Mathematics, data science or a related fieldWe are excited to welcome a new member to our Prismic team who is ready to take on the challenges and opportunities that come with being an actuary.

If you are a driven, innovative, and experienced professional looking to make a significant impact in a growing and dynamic company, we encourage you to apply. Join us at Prismic and be part of a team that values expertise, collaboration, and an ownership mindset. We look forward to embarking on this exciting journey together.