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Bermuda Actuary Jobs (NOW HIRING)

Hannover Re

VP, Actuary

Orlando, FL

$215K - $291K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

NAIC Statutory, IFRS, Solvency II and Bermuda BMA). This includes ensuring actuarial models are refreshed, establishing updated accruals, performing earnings variance analysis and leading in depth ...

Hannover Re

VP, Actuary

Orlando, FL · On-site

$215K - $291K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

NAIC Statutory, IFRS, Solvency II and Bermuda BMA). This includes ensuring actuarial models are refreshed, establishing updated accruals, performing earnings variance analysis and leading in depth ...

Aspida Financial Services LLC

Corporate Actuary

Durham, NC

$112K - $132K/yr

This actuarial role supports the broader corporate actuarial function and plays a critical part in ... Knowledge of reserving and accounting frameworks including US Statutory, US GAAP, and Bermuda EBS

Martello Re

Model Risk Actuary

Charlotte, NC · On-site

$113K - $133K/yr

Strong understanding of stochastic modeling, financial reporting, and regulatory frameworks (e.g., US GAAP, Bermuda EBS). * Proficiency in actuarial software and data analytics tools. * Excellent ...

Canopius

Pricing Actuary

Manhattan, NY · Hybrid

$150K - $187K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

Skills and Qualifications * 5-8+ years of actuarial experience with demonstrated analytic skills ... and Bermuda. At Canopius we foster a distinctive, positive culture which enables us to bring our ...

Canopius

Pricing Actuary

Manhattan, NY · On-site

$150K - $187K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

Skills and Qualifications * 5-8+ years of actuarial experience with demonstrated analytic skills ... and Bermuda. At Canopius we foster a distinctive, positive culture which enables us to bring our ...

Canopius

Senior Reserving Actuary

Manhattan, NY · Hybrid

$150K - $200K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

Implements statistical analyses and investigations as requested by actuarial management team ... and Bermuda. At Canopius we foster a distinctive, positive culture which enables us to bring our ...

Canopius

Senior Reserving Actuary

Manhattan, NY · On-site

$150K - $200K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

Implements statistical analyses and investigations as requested by actuarial management team ... and Bermuda. At Canopius we foster a distinctive, positive culture which enables us to bring our ...

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All JobsBermuda Actuary Jobs

Bermuda Actuary information

See salary details

$113K

$131.8K

$137.5K

How much do bermuda actuary jobs pay per year?

As of Aug 17, 2026, the average yearly pay for bermuda actuary in the United States is $131,841.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,500.00 and $137,000.00 per year, depending on experience, location, and employer.

What is a Bermuda actuary?

A Bermuda Actuary job involves actuarial work within Bermuda’s insurance and reinsurance industry, which is a global hub for risk management. Actuaries in Bermuda typically focus on pricing, reserving, capital modeling, and regulatory compliance, often working with international clients. The role requires expertise in financial modeling, insurance regulations, and risk assessment, with a strong emphasis on Bermuda’s regulatory framework, including the Bermuda Monetary Authority (BMA) guidelines. Many positions offer competitive salaries and tax advantages, making Bermuda an attractive location for actuarial professionals.

What are the key skills and qualifications needed to thrive as a Bermuda actuary?

A Bermuda Actuary needs strong analytical skills, expertise in risk assessment, and advanced mathematical knowledge, generally supported by actuarial qualifications such as FIA, FSA, or similar credentials. Familiarity with actuarial modeling software (e.g., Prophet, Moses), regulatory reporting systems, and proficiency in Excel or programming languages like VBA or Python are typical technical requirements. Excellent communication, teamwork, and adaptability are crucial soft skills for collaborating with international clients and stakeholders. These abilities are vital for providing accurate risk insights, meeting strict regulatory standards, and navigating the global insurance and reinsurance landscape prevalent in Bermuda.

What are some typical challenges faced by actuaries working in Bermuda's insurance and reinsurance market?

Actuaries in Bermuda often navigate complex regulatory environments and must stay current with evolving international accounting and solvency standards, such as Solvency II and US GAAP. They regularly analyze diverse and sophisticated insurance and reinsurance products, including catastrophe and specialty risks, which can be more intricate than those in some other markets. The fast-paced nature of Bermuda's international (re)insurance sector also means actuaries often work with cross-functional teams and tight reporting deadlines. Job seekers should be prepared for a dynamic environment that offers both unique challenges and significant opportunities for professional growth.

How much does a Bermuda Actuary make?

A Bermuda Actuary typically earns between $80,000 and $150,000 annually, depending on experience, certifications, and the employer. Senior actuaries with professional credentials like ASA or FSA can earn higher salaries, especially in specialized fields such as insurance or reinsurance in Bermuda's financial sector.

Why are there so many Bermuda actuaries in Bermuda?

Bermuda actuaries are prevalent because the territory is a major global hub for insurance and reinsurance companies, which heavily employ actuaries to assess risk and develop financial models. The industry’s presence creates a demand for specialized actuarial skills, often requiring certifications like ASA or FSA, and offers a favorable regulatory and tax environment for insurance firms.
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Bermuda Actuary jobs near you
Infographic showing various Bermuda Actuary job openings in the United States as of August 2026, with employment types broken down into 98% Full Time, 1% Part Time, and 1% Contract. Highlights an 69% Physical, 12% Hybrid, and 19% Remote job distribution, with an average salary of $131,841 per year, or $63.4 per hour.

Head of Bermuda Model Development and Onboarding

Careers at KKR

Des Moines, IA • On-site

$170K - $180K/yr

Full-time

Re-posted 26 days ago

Job description

POSITION SUMMARY

This role provides actuarial support for Bermuda Economic Balance Sheet (EBS) valuation and leads key components of new reinsurance deal onboarding. Responsibilities include model development, data integration, financial reporting support, and coordination across actuarial, pricing, and technology teams. The position ensures accurate, efficient, and well-controlled actuarial processes that meet regulatory and organizational standards.

RESPONSIBILITIES

Bermuda EBS Modeling & Valuation Support

  • Lead the development, enhancement, and maintenance of actuarial models used for Bermuda EBS valuation, working in close partnership with the Bermuda Actuarial team.
  • Support assumption updates, model changes, and process improvements to strengthen reporting accuracy and efficiency.
  • Assist with data integration workflows, including ETL processes and validation routines, to ensure reliable data for valuation.
  • Participate in cash flow model development and valuation testing activities.
  • Help resolve issues arising during production cycles by collaborating with cross-functional partners.
  • Prepare documentation and testing materials to comply with internal governance and regulatory expectations.

Reinsurance Deal Onboarding

  • Partner with the pricing team to transfer knowledge, assumptions, and methodologies for new reinsurance transactions.
  • Ensure valuation model readiness by assisting with feature development and pricing-to-valuation model alignment.
  • Support interim financial reporting using pricing models until valuation model components are finalized.
  • Participate in data onboarding automation, including mapping, validation, and control processes to enable scalable new-deal integration.

Collaboration & Communication

  • Work closely with actuarial, pricing, data, reporting, and technology teams to support both ongoing valuation and new business initiatives.
  • Communicate technical findings, issues, and recommendations in a clear and structured manner.
  • Spearhead the communication of commercial updates to the actuarial and related functions through active partnership with the Commercial team.
  • Identify and scale solutions developed for Bermuda and Deal onboarding for other modeling needs.

QUALIFICATIONS

  • Strong technical actuarial and analytical skills and foundational actuarial modeling experience.
  • Embraces using new and emerging technology and experimentation
  • Specific technical skills preferred:
    • Model design, control and governance best practices
    • Asset-liability modeling techniques
    • Knowledge of US life and annuity products and their features (e.g. FA, FIA, VA, RILA, payout/SPIA, PRT, UL, VUL, IUL)
    • US GAAP, Bermuda EBS and US statutory valuation principles and methods
  • Ability to work collaboratively across functions and manage multiple priorities.
  • Familiarity with actuarial systems, valuation processes, and data workflows.
  • Demonstrates exceptional client service focus.
  • Actuarial fellowship designation required.

This is the expected annual base salary range for this Boston-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Base Salary Range $170,000 - $180,000 

"To be considered for this role, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time."  

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