Senior Transaction Actuary

Working Style:  Work from Home(USA)

 

About You and the Role:

 

A seasoned P&C Insurance Actuary to assess actuarial aspects of transaction targets globally to the M&A Transaction team and wider business. Provide actuarial support for post-deal integration.

 

What you will be doing:

Provide actuarial expertise for pricing prospective Enstar acquisitions within the M&A Transaction team

• Day to day management of the reserving review for transactions, including some of the larger or complex ones.
• Deliver high quality assessments of reserve margin (positive or negative) and other actuarial indications after digesting voluminous amounts of diverse information under tight timeframes.
• Identification and efficient communication of results. Keen commercial acumen in advising Enstar on benefits and risks.
• Able to articulate the 'so what' - the financial impact of the deal / data and explain broader impacts through reporting to other parts of the M&A Transaction team and management.
• Ability to handle many projects with strict adherence to deadlines. Timely completion must be achieved independent of variable transaction flow.
• Work seamlessly with other parts of the M&A Transaction team and business more widely, including sharing knowledge and providing input. Solid communicator and a team player.
• Beyond the transaction work, additional tasks may include post-deal integration support and shaping the future structure and processes of the M&A/Transaction Actuarial team

 

What you will bring:

• Qualified P&C Actuary with at least seven years experience with a heavy concentration in loss reserving.
• Candidate must be hands-on, intellectually enquiring, profit-oriented, deadline sensitive, and decisive.
• Broad technical loss reserving experience with exposure to many lines of business, reinsurance levels, country-specific exposures, and regulatory environments
• Ability to work independently to manage multiple tight deadlines with minimal oversight.
• Knowledge of many different lines of business, including long-tailed lines, Asbestos/Environmental, Workers Compensation, Construction Defect, Liability, Excess Covers, and Reinsurances.
• Excellent written and verbal communication skills, persuasive and decisive
• High integrity and infallible work ethic.
• Experience in Mergers & acquisitions, transaction and consulting work is beneficial
• Team orientation – collaboration with M&A multi-disciplinary team

 

Who we are:

Enstar Group Limited (“Enstar” or “EGL”) is a leading global insurance group. Through our network of group companies, we help others – principally other insurance companies – release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these “run-off” insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio.

Enstar’s solutions allow our partners to release capital, dispose of non-core businesses and portfolios, achieve early finality on legacy insurance contracts, and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold.

At year-end 2023 we had completed 117 transactions since 2000. Today, Enstar is the industry’s largest standalone run-off consolidator. With around 800 global employees, our network of group companies has a significant physical presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia.

Enstar maintains a strong balance sheet. We hold long-term issuer ratings of BBB+ with stable outlook by S&P and Fitch. Enstar’s capital base continues to grow, reaching $7.4 billion at the end of 2023, including $5.6 billion of shareholders’ equity and total debt of $1.8 billion. A market leader in the run-off space, Enstar leverages its expertise in claims management, risk analysis, and investments to generate value. These services make Enstar different, something unique.

For further information about us, visit www.enstargroup.com.

 

Your Benefits:

• Enstar offers best-in-class bundled Medical, Dental, and Vision healthcare for single and family coverage.
• Board-certified doctors and pediatricians are available virtually 24/7 for urgent care.
• Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).
• Access to Dependent Care FSA to cover daycare expenses.
• Access to Employee Assistance Programs (EAP) for health and well-being.
• Optional Pet & Home/Auto Insurance.
• Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).
• 401K retirement plant (company matches up to 6% of employee contribution).
• One paid annual volunteer day.

 

General Info

 The target base salary pay range for this role is $175,000- $250,000

*Target full-time equivalent base salary range is based on relevant market data. The actual salary offered will depend on applicable market data for hiring location and relevant candidate knowledge, skills/experience. This salary range is not inclusive of applicable discretionary incentives.

 

 

Equal Opportunities at Enstar:

Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We’re an equal-opportunity employer and believe that our diversity creates an authentic working culture. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy, and carer status, race (including color, nationality, and ethnic or national origin), religion or belief, sex, and sexual orientation. Enstar is committed to providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.