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Reinsurance Pricing Actuary - Bermuda

Vantage Risk Companies
Hamilton, ON
Remote
Full-time
Experienced
Company Benefits
Retirement Plans
Posted 14 days ago

Vantage Group Holdings Ltd. (Vantage) was established in late 2020 as a re/insurance partner designed for the future. Driven by relentless curiosity, our team of trusted experts provides a fresh perspective on our clients' risks. We add creativity to tech-enabled efficiency and robust analytics to address risks others avoid. Vantage provides specialty re/insurance through its operating subsidiaries in Bermuda and the U.S.

Vantage has approximately 280 colleagues in both the United States and Bermuda. We have offices in Chicago, IL, Norwalk, CT, Alexandria, VA, Boston, MA, New York, NY and Hamilton, Bermuda. Additionally, we are a highly geographically diverse workforce with colleagues based in 25 states and counting. We fully support work flexibility including remote and hybrid work arrangements.

Reinsurance Pricing Actuary - Bermuda

About the Company

Vantage Group Holdings Ltd. (Vantage) was established in late 2020 as a re/insurance partner designed for the future. Driven by relentless curiosity, our team of trusted experts provides a fresh perspective on our clients' risks. We add creativity to tech-enabled efficiency and robust analytics to address risks others avoid. Vantage provides specialty re/insurance through its operating subsidiaries in Bermuda and the U.S.

Vantage offers reinsurance through its Bermuda operating subsidiary, Vantage Risk Ltd. (VRL) Our reinsurance structures include Occurrence & Aggregate Excess of Loss, Per Risk, and Proportional business in select classes and geographies. We deliver value for our clients by combining underwriting creativity with data science, robust analytics, and an efficient technology platform.

Vantage has approximately 320 colleagues in the United States and Bermuda. We have offices in Chicago, IL, Norwalk, CT, Alexandria, VA, Boston, MA, New York, NY and Hamilton, Bermuda. Additionally, we are a highly geographically diverse workforce with colleagues based in 25 states and counting.

About the role:

The role is in Bermuda and is an in-office position.

At Vantage, the Reinsurance Pricing Actuary, Bermuda is a key member of our Reinsurance Actuarial team. This position will play a critical role in supporting our Bermuda-based Reinsurance underwriting units. The primary responsibility for this role is focused on pricing work for Specialty (Marine, Energy, Aviation, Space, Accident & Health, Terrorism, Cyber), Property Catastrophe, Property (non-cat) and Emerging Risks accounts. In addition to a strong technical proficiency in actuarial methods, this role also requires the ability to collaborate closely with business leaders, underwriting teams, actuarial teams, and others in Bermuda.

This position will have a direct reporting line to the President of Vantage Risk Limited and a dotted line to the CEO of Reinsurance, Innovation & ILS.

You will work with an established team of underwriters with vast industry experience supporting a variety of functions including development of stochastic models, and portfolio and industry analysis. We are seeking an energetic, creative, and self-motivated Actuary with good team communication and collaboration skills that has a passion for making actuarial and data science support business decisions.

Salary for the selected candidate may be higher commensurate with candidate experience and expectations. Additionally, Vantage offers its colleagues performance-based bonus potential, strong health & welfare benefits, retirement plans with company match, competitive time off plans, and much more.

Responsibilities & Accountabilities:

  • As a young company we fully acknowledge the scope of each colleague's job will change over time. Vantage expects all colleagues to be flexible and understand that responsibilities and accountabilities will morph and change.
  • Create new or help parametrize and run existing stochastic models to support Bermuda reinsurance underwriters as they make risk selection and pricing decisions.
  • Build, maintain, and scale risk modeling and pricing tools to support underwriting activities of VRL.
  • Deeply engage with the Bermuda underwriting team at both front line and leadership level.
  • Provide pricing and monitoring support for any delegated authority relationships underwritten by Bermuda Reinsurance.
  • Perform other actuarial services including, but not limited to: regular portfolio roll ups; experience studies; assisting with competitor research; performing exposure aggregation; reinsurance/outwards support; and working with underwriters to communicate the health of the business to company leadership.
  • Find innovative and creative ways to leverage data and analytics to serve internal and external partners.
  • Remain current on industry trends, tools, and techniques.
  • Engage with Reserving, Claims, Finance, Risk, and other Group functions as needed. Provide support for B.M.A. regulatory requests.
  • Work independently while bringing in partners as needed.

Ideal Candidate Profile:

  • 10+ years of P&C actuarial pricing experience, including meaningful recent experience in building stochastic models for Specialty short tail business
  • Product knowledge and portfolio/marginal pricing experience for Specialty, Property Catastrophe, Property (non-cat) and Emerging Risks
  • Strong communicator with proven track record of collaborating with underwriters and portfolio leaders.
  • Experience with AIR, RMS, Cyence, CyberCube a plus.
  • Experience in scripting or programming language a plus (R, Python, Snowflake, SQL).
  • Willingness to work alongside data scientists and data engineers to develop analytical solutions.
  • Bachelor's degree in actuarial science, mathematics, finance, statistics, economics, or a related field; or the equivalent in related work experience.
  • ACAS or FIA required; FCAS /FIA preferred.
  • Ability to process and adapt to change in a rapidly growing new-company environment. Vantage associates are expected to be curious, thrifty, and resourceful to manage through the unknowns of growing a specialty (re)insurance business from the ground up.

Our Vantage Values

  • Do What's Right - be a force for good,for our customers, shareholders, colleagues, industry and communities
  • Be Relentlessly Curious - ask questions, listen to understand, challenge the status quo, look for ways to say YES, drive innovation, be opportunistic and disciplined
  • We're Better Together- collaborate, be inclusive, supportive, respectful and humble, be a trusted partner internally and externally
  • Be Transparent - in who you are, what you think, and how you work, seek and provide alternative points of view, be true to yourself
  • Make A Difference - focus on impact, embrace technology, leverage data and analytics as critical assets, act intentionally to deliver on our mission

We value diversity and are committed to creating an inclusive environment for all employees. At Vantage, we strive to build and foster a culture where inclusiveness is ingrained, not just an initiative. All colleagues support building an inclusive environment where employees feel empowered to share their experiences and ideas to foster an environment which encourages you to "Be You!" We are proud to be an equal opportunity employer.

In connection with our business, Vantage may collect and process your personal data. For further information regarding how we use this data, please see our online privacy notice at

ADA Notice: All applications shall be submitted online through our applicant tracking system. Candidates needing reasonable disability accommodation to enable them to apply and/or fully participate in the selection process are encouraged to email with the subject Candidate ADA Request detailing their needs. Please note the above email box is for candidates needing reasonable disability accommodation only, emails submitting resumes will not be considered and those seeking application status updates will go unanswered.

We value diversity and are committed to creating an inclusive environment for all employees. At Vantage, we strive to build and foster a culture where inclusiveness is ingrained, not just an initiative. All colleagues support building an inclusive environment where employees feel empowered to share their experiences and ideas to foster an environment which encourages you to "Be You!" We are proud to be an equal opportunity employer.

In connection with our business, Vantage may collect and process your personal data. For further information regarding how we use this data, please see our online privacy notice at Vantage Recruiting Privacy Notice .

ADA Notice: All applications shall be submitted online through our applicant tracking system. Candidates needing reasonable disability accommodation to enable them to apply and/or fully participate in the selection process are encouraged to email with the subject Candidate ADA Request detailing their needs. Please note the above email box is for candidates needing reasonable disability accommodation only, emails submitting resumes will not be considered and those seeking application status updates will go unanswered.