Model Risk Actuary

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Martello Re

51 - 200 employees

Founded 2022

💸 Finance

🤝 B2B

💰 $360M Debt Financing - Martello Re on 2024-07

Finance • B2B

Martello Re is a Bermuda-based reinsurance company that provides tailored reinsurance solutions and investment management capabilities to insurers and institutional clients. With more than $2 billion of committed capital and a platform built by industry veterans with ties to MassMutual, it emphasizes financial strength, scalable modern infrastructure, and customized, competitive reinsurance products for its clients. The firm combines traditional reinsurance expertise with agile, start-up-like operations to support insurers' strategic objectives.

📋 Description

• Support the identification, assessment, and management of model risk across the organization • Ensure that models and assumptions used for pricing, reserving, capital, and risk management are appropriately governed, documented, challenged, approved, monitored, and reviewed • Maintain and administer the company’s model governance and assumption governance frameworks in alignment with regulatory requirements and industry best practices • Identify, assess, monitor and report on model risk within the company’s enterprise risk management framework • Perform independent validations of actuarial and financial models • Lead the annual review of model risk rating classifications • Collaborate with actuarial, finance, underwriting, and risk teams to embed model risk awareness

🎯 Requirements

• FSA or equivalent along with bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics or related field • 5 years of relevant experience • 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 communication and influencing skills • Ability to challenge constructively and manage cross-functional relationships • Advanced Microsoft Office skills (Excel, Word, PowerPoint) • High degree of attention to detail and excellent problem-solving skills

🏖️ Benefits

• Health insurance • Retirement plans • Professional development opportunities

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