Junior Actuary (Based in Cayman Islands)
Relocation Opportunity - Cayman Islands
Our firm is a leading reinsurance company based in the Cayman Islands, providing innovative risk transfer and capital management solutions across multiple lines of business. We work with global clients, delivering actuarial insight and analytical expertise that support sound underwriting, pricing, and reserving decisions.
We are seeking a Junior Actuary to join our growing actuarial team. The successful candidate will contribute to pricing, reserving, and financial modeling activities across Property & Casualty (P&C) and Life reinsurance portfolios. This role offers an excellent opportunity to gain broad experience within a dynamic reinsurance environment and to progress toward actuarial qualification.
Salary Range: US$200-240k (tax free)
Key Responsibilities
* Support actuarial analyses related to pricing, reserving, and capital modeling for reinsurance contracts.
* Assist in the development and maintenance of loss models, stochastic simulations, and scenario testing.
* Contribute to the valuation of technical provisions and IFRS 17 / US GAAP reporting processes.
* Perform experience studies, trend analyses, and portfolio monitoring for both P&C and Life books.
* Support underwriting and finance teams with data analysis, projections, and actuarial insight.
* Collaborate on model validation, data quality assurance, and process improvement initiatives.
* Participate in the actuarial student development program, working toward a recognized actuarial qualification (e.g., SOA, CAS, IFoA).
Qualifications and Experience
* Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
* Senior Actuarial Qualification - FIA
* 1–3 years of relevant actuarial experience, preferably in reinsurance, insurance, or consulting.
* Strong foundation in Property & Casualty actuarial techniques; exposure to Life or Health reinsurance is an advantage.
* Proficiency in analytical and programming tools such as Excel/VBA, SQL, R, Python, or SAS.
* Excellent attention to detail, problem-solving skills, and the ability to communicate complex concepts clearly.
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