At a Glance
- Tasks: Develop and price innovative reinsurance solutions for diverse markets.
- Company: Join PartnerRe, a leading global reinsurer with a strong commitment to community.
- Benefits: Enjoy a supportive environment, career growth, and a chance to make a real impact.
- Other info: Diversity is valued here; we empower all employees to perform at their best.
- Why this job: Shape your career while collaborating with experts in a dynamic, multicultural setting.
- Qualifications: 8+ years in financial services, strong actuarial background, and fluent in English.
The predicted salary is between 75600 - 92400 £ per year.
PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation for financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world. Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.
We are seeking an experienced, dynamic, results orientated Senior Actuary to join our growing Global Life Financial Solutions team for Europe, Middle-East and Latin America regions. The successful candidate will be responsible for the development and implementation of models assessing the underlying risk (including high level experience analysis) and development of the appropriate structure (with broader team) to meet clients' needs. The position will be based in Zurich, Paris, London or Dublin.
The role provides the opportunity for exposure to a wide variety of products and innovative reinsurance solutions in diverse markets and you will be expected to make a significant contribution to the development of our Global Life Financial Solutions team, and the wider enhancement of PartnerRe’s Life & Health propositions.
Key Responsibilities
Your mission is to develop and price financial solutions transactions and grow PartnerRe’s revenue in the EMELA region.
- Develop, structure and market appropriate reinsurance solutions encompassing accounting, regulatory and economic risk-transfer aspects
- Technical development of pricing tools to analyse risk and profitability of life reinsurance solutions
- Contribute to the deal execution involving responding to RFPs, negotiating terms with clients and brokers, and prepare internal approval memos
- Support the business development efforts prospecting/client visits promoting our solutions and tailoring to specific client objectives
- Prepare and make internal and external presentations on life reinsurance topics as required
Qualifications
Technical Skills:
- You are a technically excellent individual with an ability to demonstrate commercial sense
- Strong actuarial background in pricing life and health insurance/reinsurance and familiar with accounting standards (e.g., USGAAP, IFRS17)
- Good knowledge of Solvency 2 is essential, including awareness of some of the issues faced by insurers
Behavioral Competencies
- Creativity, curiosity, and pragmatism are desirable attitudes
- You enjoy collaborating with your colleagues as well as working on your own
- Your preference is to be part of an international and multicultural environment, handling diverse tasks, yet always ready to support the team effort and meet the business needs
- Comfortable in a client facing capacity as well as working in a dynamic and fast paced environment
- Great communication, strong analytical and problem-solving skills
- Fluent English speaker. Other European languages are desirable
Work Experience
- At least 8 years of relevant financial services industry experience
- Experience in actuarial pricing and structuring bespoke reinsurance agreements will be ideal
Professional Qualifications
- Qualified life actuary
PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best.
Senior Structuring and Pricing Actuary in London employer: PartnerRe
PartnerRe is an excellent employer that fosters a collaborative and innovative work culture, where employees are encouraged to develop their skills and advance their careers. Located in a dynamic environment, the company offers competitive benefits and unique opportunities for professional growth, making it an ideal place for those seeking meaningful and rewarding employment in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Structuring and Pricing Actuary in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like PartnerRe). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like PartnerRe. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Structuring and Pricing Actuary in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at PartnerRe.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at PartnerRe. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at PartnerRe
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at PartnerRe to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at PartnerRe, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding PartnerRe's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
