At a Glance
- Tasks: Join our DB Reinsurance pricing team to analyse and execute large reinsurance contracts.
- Company: Dynamic company in the insurance sector with a focus on innovation.
- Benefits: Competitive salary, generous leave, private medical cover, and career progression opportunities.
- Other info: Embrace technology and drive innovation in a supportive team atmosphere.
- Why this job: Make an impact in a collaborative environment while developing your technical skills.
- Qualifications: Strong actuarial knowledge and problem-solving skills; coding experience is a plus.
The predicted salary is between 60000 - 75000 € per year.
This role is in the DB Reinsurance pricing team which is a dedicated reinsurance team within the DB Pricing and Reinsurance function. The purpose of the Reinsurance Pricing team can be broadly split into the following categories:
- Reinsurance pricing for live, large DB quotes
- Execution of new reinsurance contracts
- Analyse and implement changes to existing reinsurance contracts
- Provide actuarial input where required to support management of in force reinsurance business.
- Develop models and processes
Key responsibilities
- Analyse open market reinsurance pricing for large DB deals, ensuring the terms are accurately built into the pricing model and reflected in pricing metrics
- Support Pricing Committee decision making by preparing pricing metrics on various reinsurance scenarios
- Support execution of new reinsurance contracts, working with internal and external stakeholders to ensure reinsurance terms are agreed and understood
- Support Senior Reinsurance Actuaries to prepare written reports to relevant internal committees
- Support Reinsurance Operations and DB Transaction Solutions teams where required with the management of the in force reinsurance business
- Check work of junior team members and support with their learning and development
- Support Senior Reinsurance Actuaries with development projects, proactively driving them forward to ensure they are progressed in line with expected timescales
- Develop a deep technical knowledge of all systems and tools used in DB
- Continuously look for areas where we can improve – our people have a proactive approach to integrating technology into daily tasks and processes in order to drive innovation and efficiency
- Be curious, proactive and open to new ideas - applicants should demonstrate a track record of adapting to change, embracing technology, learning from experience, and showing resilience in the face of obstacles
- Carry out detailed pricing analyses to develop deep understanding different reinsurers’ bases
- Develop strong technical skills, for example by learning new coding languages, in order to support the development of models, tools and processes in the team
- Work collaboratively with colleagues in Finance and Reporting and the DB Data and Integration and DB Operations team to ensure that commercial changes flow through effectively to the wider DB ecosystem - such that operational changes are communicated and made when necessary and in a timely fashion
- Proactively look to improve processes and efficiencies within the DB Reinsurance Pricing team
What we’re looking for
- Strong technical actuarial knowledge, in particular understanding of bulk annuity pricing and longevity swap reinsurance
- Problem analysis and resolution skills. Capable of working collaboratively
- Strong IT skills including Excel and programming languages, and a keen attitude to learn where these skills don’t exist
- Excellent verbal, written communication, and interpersonal skills. Open minded and willing to engage in challenge
- High degree of understanding of the products and services provided by the Group, the markets, and the regulatory / legal framework that the Group operates within
Experience
- Experience gained in the Life Insurance or DB Pensions industry
- Experience in the bulk annuity market
- Coding experience is desirable, for example Julia, Python and/or VBA
What’s in it for you
- A competitive salary, pension scheme and life assurance
- 25 days annual leave plus an additional day on us for your birthday
- Private medical cover and income protection, just in case
- A generous and highly achievable bonus scheme
- Opportunities to progress your career in-role and within the company
- Free access to the Headspace app, 24/7 employee assistance helpline and trained physical and mental health first aiders
- A variety of employee funded benefits available via our online benefits portal
- Plus, several additional purchase options available for you and your loved ones
Explore our full range of benefits on our dedicated benefits page.
Reinsurance Senior Analyst employer: Just Group plc
As a leading player in the reinsurance sector, our company offers a dynamic and supportive work environment in London, where innovation and collaboration thrive. Employees benefit from a competitive salary, generous leave, and a strong focus on personal and professional development, including access to mental health resources and a variety of employee-funded benefits. Join us to be part of a team that values curiosity and proactive problem-solving while making a meaningful impact in the world of Defined Benefit reinsurance.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Senior Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to reinsurance pricing. We recommend doing mock interviews with friends or using online platforms to get comfortable with your responses.
✨Tip Number 3
Show off your skills! Bring examples of your work or projects that demonstrate your technical knowledge and problem-solving abilities. This will help you stand out and show that you're ready to tackle the challenges of the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Reinsurance Senior Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Reinsurance Senior Analyst role. Highlight your technical actuarial knowledge and any relevant coding experience to catch our eye!
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're passionate about reinsurance and how your background fits with our team. Be sure to mention any specific projects or experiences that showcase your problem-solving skills.
Showcase Your Technical Skills:Since we're looking for strong IT skills, don’t shy away from mentioning your proficiency in Excel and any programming languages you know. If you’ve worked on relevant models or tools, let us know!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Just Group plc
✨Know Your Numbers
As a Reinsurance Senior Analyst, you'll need to be comfortable with data and pricing metrics. Brush up on your actuarial knowledge, especially around bulk annuity pricing and longevity swaps. Be ready to discuss how you would approach analysing open market reinsurance pricing for large DB deals.
✨Showcase Your Technical Skills
Make sure to highlight your IT skills, particularly in Excel and any programming languages you know, like Python or VBA. Prepare examples of how you've used these skills to develop models or improve processes in previous roles. This will show that you're proactive and tech-savvy.
✨Collaboration is Key
This role involves working closely with various teams, so be prepared to discuss your experience in collaborative environments. Think of specific instances where you’ve worked with stakeholders to ensure terms are agreed upon or where you’ve supported junior team members in their development.
✨Be Curious and Open-Minded
Demonstrate your curiosity and willingness to embrace change during the interview. Share examples of how you've adapted to new ideas or technologies in the past. This will resonate well, as the company values a proactive approach to innovation and efficiency.
