Actuary

Job Summary

The Director, Actuary for F&G Cayman Re Ltd role provides support to F&G’s in developing reserves and analysis used in reporting financial results, including ownership of the Appoint Actuary report for F&G Cayman Re Ltd. Other responsibilities will include working with F&G’s actuarial team to develop and maintain AXIS and Excel models to support reporting requirements consistent with current and evolving actuarial valuation standards, along with robust analysis of tactical and strategic initiatives to ensure F&G continues to grow profitably while making optimal use of capital and risk budget.

This position reports to Chief Executive Officer and Chief Underwriting Officer (F&G Cayman Re Ltd) and currently has no direct reports. The role is physically located in Cayman Islands on a full-time basis.

Duties & Responsibilities

• Provide leadership in developing reserves and related analysis used in reporting financial results including:
  • Statutory and other Cayman regulatory filings
  • Capital
  • Management reporting
  • Forecasting and strategic analysis
• Serve as the subject matter expert for the relevant reporting and actuarial valuation standards required for F&G Cayman Re Ltd., including maintenance of the Corporate AXIS models by providing technical model support and training to other stakeholders
• Accountable for the delivery of the annual Appointed Actuary Report to the F&G Cayman Re Ltd. Board of Directors and to the Cayman Islands Monetary Authority (CIMA), including assessing the appropriateness of assumptions, modelling approaches and reserve adequacy under various stress scenarios.
• Support building additional modeling and analytical capabilities to meet elevated requirements given Cayman’s journey on the QJS process.
• Provide analytical support to the overall capital strategy of F&G, including holistic capital management analysis, reporting, & support. This would include US-RBC, Cayman regulatory reporting, and Internal Capital projections
• Industry participation such as working with other Cayman actuaries as CIMA develops new rules for actuarial valuation and capital and serving on committees of Cayman International Reinsurance Companies Association (CIRCA)
• Support the development and pricing of reinsurance from the concept phase through implementation. E.g. Axis model pricing support for reinsurance deals (input creation, output validation and integration)
• Collaborating with F&G teams to understand, develop and support implementation of enhancements to Corporate AXIS models used for valuation, pricing, inforce management, ALM etc.