Actuary – Modeling and ALM

About Martello Re

At Martello Re, we are building a distinctive reinsurance offering grounded in exceptional client service, innovative solutions, and advanced data analytics. We are committed to attracting top talent and empowering individuals to make meaningful contributions while advancing their careers. Our dynamic, high-energy environment fosters collaboration and encourages bold thinking at all levels. At the same time, we maintain a steadfast focus on long-term financial strength to serve the best interests of our cedants and their policyholders. 

The Actuary will serve as a key contributor within the Modeling & ALM team, leading model development, execution, and validation activities to support financial reporting, capital planning, asset-liability management, and strategic decision-making. This role requires strong technical expertise in actuarial modeling, a deep understanding of annuity product mechanics, and the ability to drive analysis independently. The Actuary will oversee complex analyses, own critical deliverables, and support cross-functional to support profitable growth and sound pricing decisions in a fast-paced reinsurance environment.

Essential Job Duties and Responsibilities

• Lead execution and review of standardized monthly projections for US GAAP, Bermuda EBS/BSCR, Liquidity Risk, Financial Planning and Analysis (FP&A), Embedded Value, and Economic Capital/Stress Testing.
• Own specific model development and refinement initiatives in Prophet and open source tools, ensuring alignment with evolving methodology, assumptions, and business needs
• Run projection models and compile results to support valuation, pricing, and forecasting activities, ensuring outputs are complete, accurate, and aligned with intended use/scenarios
• Perform advanced model validation, including replication, sensitivity testing, and documentation of key controls and findings
• Support ALM and capital planning by developing and interpreting key asset-liability metrics, liquidity projections, and risk-adjusted performance indicators
• Partner with the Investments team, supporting development of asset projection methodologies and tools that generate data-informed, actionable insights
• Support the enhancement, automation, and streamlining of models used for internal economic frameworks, including the internal capital model, liquidity risk, embedded value, and collateral management
• Serve as a mentor and technical resource to junior actuarial staff and provide review support to ensure quality and consistency
• Communicate modeling assumptions, results, and recommendations to senior management through high-quality presentations and written reports

Required Education and Experience

• Bachelor’s degree in actuarial science, mathematics, statistics, business, or related field required. 
• FSA designation
• At least 5 years of relevant actuarial experience, with direct involvement of actuarial modeling for annuity products

Required Skills

• Advanced Microsoft Office skills (Excel, Word, PowerPoint)
• Advanced technical skills in actuarial modeling tools and/or programming languages (e.g., R, Python, FIS Prophet or equivalent)
• Demonstrated ability to manage multiple priorities and meet deadlines in fast-paced environment
• High degree of attention to detail and excellent problem-solving skills
• Capable of summarizing and communicating complex topics clearly and succinctly
• Ability to work independently and as part of a team, including managing a small team as required
• High ethical standards and integrity

Supervisory Responsibilities

• This role may manage a small team of actuarial analysts

Location and Travel

• Martello Re welcomes applications for remote positions from candidates residing in the Eastern United States or in states where the company currently operates. We are proud to be an equal opportunity employer and consider all qualified applicants without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other legally protected status
• Minimal travel required (up to 10%), primarily for meetings for internal offsite collaboration, or more frequently as determined by business needs

Physical Requirements

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift 15 pounds at times

Note for Recruitment Agencies

We kindly request that you do not forward any resumes to Martello Re employees unless specifically requested for this position or other roles within our organization. Martello Re bears no responsibility for fees related to unsolicited resumes.

Note to Applicants

Personal Information collected is used for recruitment purposes only and will be shared with hiring managers and those involved in the hiring process. We may retain your personal information for a reasonable period in compliance with applicable regulations, typically one year post application submission, to enable us to match your details with other suitable job opportunities that may arise from time to time, unless otherwise requested. Please refer to Martello Re’s Privacy Notice for further information on your rights and how we protect your personal information: Privacy Notice– Martello Re.