Enstar Limited, a wholly owned subsidiary of Enstar Group Limited, which acquires and manages insurance and reinsurance companies, is seeking a Head of Bermuda Reserving

In this role, the Head of Bermuda Reserving will lead Bermuda Reserving and Support Group/Bermuda Finance teams

The main responsibilities of the position are as follows:

Prepare Technical Provisions in the Bermuda Economic Balance Sheet and sign off on Bermuda Loss Reserve Specialist Opinions (LRSOs)
Lead reserving for Bermuda subsidiaries, including:

- Ownership of reserving analyses for property catastrophe portfolios

-Assessing and incorporating the impact of reinsurance and intercompany arrangements

Assume responsibility for compiling analysis and related documentation (meeting actuarial professional standards) supporting actuarial opinions for Bermuda-based entities
Perform reserving peer reviews for various Enstar portfolios where reserving is performed internally without external actuarial consultants
Oversee reserving and performance monitoring of fronting arrangements, including:

-Review and challenge of loss estimates and underlying data

-Coordination with claims, finance, and counterparties to ensure accurate recognition of exposure and liabilities

-Ensuring alignment between contractual terms and booked reserves

Enhance reserving for property catastrophe portfolios, including:

-Review and validation of third-party provided reserving inputs

-Assessment of reserving uncertainty and volatility

-Collaboration with internal stakeholders to ensure consistency with Group reserving

Serve as the actuarial representative on Bermuda subsidiaries when addressing requests from the Bermuda Monetary Authority (BMA)
Assist with the operation of and ensure compliance with Internal Control framework around reserving
Opportunity to support actuarial capital modelling needs that arise
Opportunity to partner with key functions within Enstar as needs arise
In addition to key responsibilities, undertake other duties from time to time as the Company may reasonably require
Carry out duties within our internal policies and procedures in accordance with applicable laws, regulations, and governance standards

Qualifications:

8+ years of reserving experience in non-life insurance
Experience with reinsurance structures, property catastrophe portfolios, or fronting arrangements preferred
Strong communication skills to lead cross-functional projects across global actuarial and finance teams
Must have actuarial qualification (e.g., FCAS, FIA, etc.)
Advanced knowledge of Microsoft Excel
Knowledge of ResQ reserving software preferred
Familiarity with ILS, collateralized reinsurance, and fronting structures preferred
Capital Modelling experience (nice to have)
Ability to work collaboratively across functions (e.g., finance, claims, actuarial, operations) and geographies
Ability to deliver results under tight deadlines
Strong analytical and problem-solving abilities

Who we are:

We are a trusted global re/insurance group and the leading provider of retrospective solutions, with specialist underwriting capabilities. We help our clients manage risk, unlock capital and create the financial freedom to grow. With operations across the world’s major insurance hubs and a global network of close to 800 talented professionals, we bring expertise and fresh thinking to some of the industry’s biggest challenges.

For more information about Enstar, visit our website: www.enstargroup.com.

For more information about careers at Enstar, visit our LinkedIn Life page or visit our careers site

Why Enstar:

Learning and development are a fundamental part of every employee's career journey with Enstar. Supporting growth and career progression is key to how we engage our people - helping them to learn, grow and succeed at Enstar.

We offer a range of initiatives and resources to support our people throughout their careers:

Professional Qualifications and Study Support: We support employees who wish to take professional qualifications aligned to their role and career development.