Bermuda onlyFortitude Re is seeking an AVP, M&A & Reinsurance Risk Analyst to support the identification, assessment, monitoring, and mitigation of reinsurance transaction risks within the organization. The role involves working closely with pricing actuaries, corporate development, investments, and other functions to evaluate proposed reinsurance transactions.
Requirements
- Review transaction documents including deal information memorandum, appraisals, product profiles, contracts, experience studies, and other materials associated with prospective transactions.
- Review pricing assumptions and internal underwriting diligence.
- Review the analysis of cedants' experience to ensure sufficient diligence was performed, data is credible, and proper controls were employed in setting assumptions.
- Ensure pricing assumptions are reasonable in light of cedant's experience, company experience, industry experience, and professional judgment.
- Validate pricing models and results.
- Review pricing model design, results, and the peer review (challenger) process.
- Recommend sensitivity and stress tests and evaluate their impacts.
- Perform independent validation of pricing models in their entirety or specific pricing results, including the development of replication models where necessary.
- Identify, assess, and communicate deal risks.
- Evaluate proposed risk mitigation strategies and their potential effectiveness.
- Document risks for management presentations and in ERM risk memorandums.
- Advise SVP L&A Risk Officer and CRO on deal economics and risks in advance of bid decision making.
- Ensure full compliance with the company's transaction and pricing governance standards.
Benefits
- Annual bonus based on company and individual performance
- Generous benefits package
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