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- Tasks: Lead pricing for longevity swaps and design de-risking products for pension schemes.
- Company: Join a leading global business focused on innovative reinsurance solutions.
- Benefits: Enjoy a significant career opportunity with potential for growth and development.
- Why this job: Be a vital technical expert in a dynamic team, shaping the future of pensions.
- Qualifications: Part-qualified or qualified life actuary with experience in longevity reinsurance required.
- Other info: Strong communication skills and understanding of Solvency II/UK life insurance are essential.
The predicted salary is between 36000 - 60000 £ per year.
OverviewAre you a part-qualified or qualified life actuary with a commercial mindset and experience of longevity reinsurance, looking to play a key role within the ambitious growth plans of a leading global business?
This is an exceptional opportunity to draw on longevity skills and act as a vital technical expert within the reinsurance space, taking the lead in delivering accurate pricing.
Responsibilities
Lead in delivering accurate pricing for bulk purchase annuities and alternative de-risking products for Defined Benefit pension schemes.
Assist senior stakeholders across the firm with technical analysis, strategy and planning, and support the development of new and enhanced modelling capabilities.
Contribute to the ongoing development of transaction structures, reinsurance solutions and product lines.
Communicate effectively to stakeholders with strong presentation skills in relation to Solvency II/UK for life insurance.
Qualifications
Part-qualified or qualified life actuary with commercial acumen and experience in longevity reinsurance.
Understanding of Solvency II/UK for life insurance.
Knowledge of UK defined benefit (DB) pensions and non-standard capital and reinsurance structures is highly valuable.
OpportunityA significant career opportunity within a major player. This role supports the growth plans of a leading global business in the reinsurance space.
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Pricing Actuary - Longevity Swaps employer: Actuarial Futures
Contact Detail:
Actuarial Futures Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary - Longevity Swaps
✨Tip Number 1
Network with professionals in the actuarial and reinsurance fields. Attend industry events or webinars where you can meet people who work in longevity swaps or related areas. This can help you gain insights into the role and potentially get a referral.
✨Tip Number 2
Familiarise yourself with the latest trends and developments in longevity reinsurance. Read relevant articles, research papers, and reports to understand the current market landscape. This knowledge will help you engage in meaningful conversations during interviews.
✨Tip Number 3
Prepare to discuss your experience with Solvency II and UK DB pensions in detail. Be ready to provide examples of how you've applied this knowledge in previous roles, as it will demonstrate your expertise and suitability for the position.
✨Tip Number 4
Practice your communication and presentation skills. Since the role requires strong interaction with senior stakeholders, being able to clearly articulate complex ideas and analyses will set you apart from other candidates.
We think you need these skills to ace Pricing Actuary - Longevity Swaps
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as a life actuary, particularly in longevity reinsurance. Emphasise any relevant projects or roles that demonstrate your commercial mindset and technical expertise.
Craft a Strong LinkedIn Profile: Ensure your LinkedIn profile is up-to-date and reflects your professional achievements. Include keywords related to pricing, longevity swaps, and reinsurance to make it easier for recruiters to find you.
Provide Accurate Contact Information: Double-check that your telephone number and email address are correct. This ensures the company can easily reach you for any follow-up or interview opportunities.
Highlight Relevant Skills: In your application, clearly outline your understanding of Solvency II/UK regulations and your knowledge of UK DB pensions. Mention any experience with non-standard capital and reinsurance structures to stand out.
How to prepare for a job interview at Actuarial Futures
✨Showcase Your Technical Expertise
As a Pricing Actuary, it's crucial to demonstrate your technical knowledge during the interview. Be prepared to discuss your experience with longevity reinsurance and how you've applied your skills in previous roles. Highlight specific projects where you contributed to pricing strategies or modelling capabilities.
✨Understand the Business Context
Familiarise yourself with the company's growth plans and how your role fits into their strategy. Research their products, especially bulk purchase annuities and de-risking solutions for Defined Benefit pension schemes. This will show your genuine interest and help you articulate how you can contribute to their objectives.
✨Prepare for Technical Questions
Expect to face technical questions related to Solvency II regulations and UK DB pensions. Brush up on these topics and be ready to explain complex concepts clearly. This will not only showcase your knowledge but also your ability to communicate effectively with senior stakeholders.
✨Demonstrate Strong Communication Skills
Since the role involves assisting senior stakeholders, it's essential to exhibit strong communication and presentation skills. Practice explaining your past experiences and technical analyses in a concise and engaging manner. Consider using examples that highlight your ability to convey complex information simply.
