Modeling Actuary

Company overview:

Prismic Life is a Bermuda-incorporated life and annuity reinsurer and a growth-oriented reinsurance platform. The company leverages Prudential Financial’s sponsorship and the market-leading asset management capabilities of PGIM and Warburg Pincus to deliver value to clients. Prismic Life’s expertise and scalable operating model enable the firm to provide risk and balance sheet management solutions, while offering investors access to reinsurance as an asset class. Launched on September 1, 2023, Prismic Life currently manages over $17 billion of liabilities.

Position overview:

Prismic is hiring a highly skilled actuary to join the fast-growing team. As a key member of Modeling Center of Excellence (COE), the position will support Prismic’s growth through actuarial modeling, projection, and valuation. This position requires deep subject‑matter expertise and operates with a high degree of independence and judgment. The individual will serve as a senior technical authority, partnering closely with other functional teams across the organization.

This is a remote position.

Key Responsibilities:

• Lead and execute actuarial modeling and projection under EBS, US GAAP, Embedded Value, and US Statutory frameworks
• Partner with valuation team on financial projection, results analysis, deal valuation, collateral compliance, capital and liquidity forecasting
• Orchestrate model runs, review results, and support strategic asset allocation and ALM, in partnership with Investments and asset management teams
• Prepare risk measurement report and analytics for regulatory filings and internal management risk monitoring
• Support the company’s engagement with regulatory bodies, including SBA application, asset and derivatives approval, and prudential review. The engagement could expand to other jurisdictions as needed.
• Collaborate with Pricing/Deal team on new business onboarding and fund raising in support of top-line growth
• Participate 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 in a timely fashion, while building institutional knowledge
• Perform experience review, implement assumption update and quantify financial impacts
• Support business and commercial activities, such as insurance transactions and rating agency engagement

Qualifications & Experience:

• Bachelor’s degree in actuarial science, Mathematics, data science or a related field.
• Fellow or near Fellow of the SOA, IFoA, FCIA, with 5 years of actuarial professional experience
• Working knowledge and experience with actuarial modeling software, such as MG ALFA and pALM
• Working experience with Python, Power BI, and Microsoft Office is a plus.
• Ability to prioritize, plan, and execute multiple work efforts simultaneously
• Proven ability to thrive in a fast-paced and dynamic professional environment, with project management and relationship management skills.
• Strong verbal and written communication skills, particularly in explaining technical challenges & writing documentation

We 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 and collaboration, with an entrepreneurship and ownership mindset. We look forward to embarking on this exciting journey together.

Base salary range is $110,000 - $195,000