Actuarial Director for CIBC Cayman Reinsurance Limited (Located in Cayman Islands)

Job Description

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute. To learn more about CIBC, please visit CIBC.com What you'll be doing As an Actuarial Director within CIBC Cayman Reinsurance Limited, you’ll play a pivotal role in supporting the company’s existing reinsurance business and the strategic growth initiatives. You’ll lead CIBC Cayman Reinsurance actuarial function, supporting providing technical expertise and business insights to drive data-driven decision-making. Your work will include actuarial pricing and new initiatives, business case development, capital testing and regulatory engagement, as well as ongoing support for the existing reinsurance portfolio. By internalizing actuarial expertise, you’ll help reduce reliance on external consultants, delivering operational efficiencies and meaningful cost savings. You’ll also play a key role in preparing regulatory submissions and supporting the launch and ongoing management of new reinsurance transactions, ensuring capital adequacy and compliance with evolving regulatory frameworks. At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview. Please note: The successful candidate for this role will be based out of Cayman Islands, however we encourage applicants from all locations to apply How you'll succeed Actuarial analysis & financial reporting – Lead comprehensive actuarial reviews, pricing support, and financial analysis for new reinsurance transactions. Perform stress testing, scenario analysis, and valuation of life reinsurance liabilities under IFRS 17 and US GAAP frameworks. Collaborate with the Finance team and appointed actuary to deliver accurate and timely quarterly and annual actuarial, financial, and management reports, ensuring all capital adequacy assessments and regulatory filings meet local and international standards. Capital & risk management – Assess and optimize the impact of existing and new reinsurance structures on capital relief and treaty design. Identify, measure, and monitor a range of insurance and investment risks, including credit, market, interest rate, and liquidity risks, while incorporating investment and asset-liability management (ALM) considerations. Provide expert insights into capital efficiency under regulatory frameworks such as IFRS 17, LICAT, and Solvency II. Portfolio monitoring & strategic support – Conduct monthly monitoring and analysis of CayRe’s claims experience, embedding claims insights into financial planning estimates. Participate in annual reserve valuations and counterparty revi

Required Skills