At a Glance
- Tasks: Join our team to deliver innovative reinsurance solutions and manage exciting transactions.
- Company: Standard Life, a leading retirement specialist with over 200 years of experience.
- Benefits: Competitive salary, generous holiday, private medical insurance, and flexible working options.
- Other info: Inclusive culture that values curiosity, connection, and continuous improvement.
- Why this job: Make a real impact in a visible role while collaborating with diverse teams.
- Qualifications: Qualified Actuary with experience in reinsurance or derisking transactions.
The predicted salary is between 85000 - 85000 £ per year.
This role will be based in our London office with some flexibility to work between the office and home. We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Salary and benefits: c.£85,000 (qualified Actuary and competitive subject to experience) + bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Who are we? We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.
Life today is increasingly complicated, uncertain and unpredictable. People move through different careers, face unexpected moments and navigate important choices. We offer our colleagues flexibility, trust and benefits that work for whatever life brings. In return we expect curiosity, connection, accountability and high standards. We make room for what matters - so you can bring your best, every day.
The Opportunity: If you’re someone who is looking for a highly commercial and visible role, with an opportunity to contribute directly to the delivery of reinsurance solutions across both flow and facultative transactions, Standard Life could be the place for you. We’re looking for a Reinsurance Actuary to join our Reinsurance & Structuring team within the Retirement Solutions & Asset Management (RS&AM) team. This is a key role within the team that will support an active live pipeline, play a key role in structuring and executing transactions, and collaborate widely across actuarial, commercial, pricing, and senior leadership teams.
Key Responsibilities
- Reinsurance Deal Delivery: Support sourcing and assessment of reinsurance solutions (flow and facultative) to secure optimal commercial outcomes. Contribute to structuring and project-managing live reinsurance transactions. Perform analytical assessments to evaluate the commercial viability of longevity swaps and funded reinsurance transactions. Develop recommendations to strengthen transaction strategy and maximise success in competitive processes.
- Governance, Risk & Documentation: Support negotiation and documentation activities throughout deal execution. Assist in onboarding new reinsurance arrangements and ensuring compliance with governance standards. Support senior stakeholder briefing including approval papers and help take colleagues along the journey where new developments or approaches are introduced.
- Process Improvement & Strategic Development: Enhance, streamline and embed efficient processes across reinsurance activities. Maintain awareness of SII, Matching Adjustment and implications for reinsurance structuring. Contribute to expanding reinsurance capability within the team and across the business.
What We’re Looking For
Technical Skills & Experience (Essential): Experience in structuring and executing reinsurance or derisking transactions, with solid commercial acumen. Strong analytical and technical aptitude, particularly in data manipulation, cashflow modelling, and longevity experience analysis. Strong data-wrangling capability and experience handling large datasets. Strong knowledge of insurer balance sheets, the BPA market, longevity underwriting or DB de-risking.
Qualifications (Essential): Qualified Actuary, with experience in the pension or life specialism.
Personal Attributes: Ability to work under pressure in a fast-moving environment and deliver to tight deadlines. Excellent communication, time management and stakeholder-management skills. A collaborative and proactive approach, with a willingness to contribute to continuous improvement.
We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. We’re reviewing applications as they come in, so apply early to avoid missing out.
Find out more about working at Standard Life.
Reinsurance Actuary, RS&AM in London employer: Phoenix Group
At Standard Life, we pride ourselves on being an exceptional employer, offering a flexible working environment in our London office that balances personal needs with business requirements. Our comprehensive benefits package includes a competitive salary, generous holiday allowance, and opportunities for career growth, all within a supportive culture that values curiosity, accountability, and collaboration. Join us to make a meaningful impact in the retirement solutions sector while enjoying a workplace that champions your well-being and professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Actuary, RS&AM in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for informational interviews. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by researching the company and the role inside out. Understand their values and how they align with yours. We want to see your passion for reinsurance and how you can contribute to our team!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms to get comfortable with common questions. The more you practice, the more confident you’ll feel when it’s time to shine in front of us.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can go a long way in showing your enthusiasm for the role. Plus, it keeps you fresh in our minds as we make our decisions.
We think you need these skills to ace Reinsurance Actuary, RS&AM in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Reinsurance Actuary role. Highlight your experience in structuring reinsurance transactions and any relevant analytical skills that match what we're looking for.
Showcase Your Technical Skills:We want to see your strong analytical and technical aptitude! Include examples of your data manipulation and cashflow modelling experience, especially if you've worked with large datasets or in longevity underwriting.
Communicate Clearly:Your written application should reflect your excellent communication skills. Be concise and clear about your achievements and how they relate to the responsibilities of the role. Remember, we value clarity!
Apply Early!:We're reviewing applications as they come in, so don’t wait too long to submit yours. Head over to our website and get your application in early to avoid missing out on this fantastic opportunity!
How to prepare for a job interview at Phoenix Group
✨Know Your Numbers
As a Reinsurance Actuary, you'll need to demonstrate your strong analytical skills. Brush up on your data manipulation and cashflow modelling techniques. Be prepared to discuss specific examples of how you've handled large datasets or structured reinsurance transactions in the past.
✨Understand the Business
Familiarise yourself with Standard Life's approach to retirement solutions and the current trends in the reinsurance market. Show that you understand the implications of SII and Matching Adjustment on reinsurance structuring. This will help you connect your experience to their business needs.
✨Communicate Clearly
Excellent communication is key in this role. Practice explaining complex actuarial concepts in simple terms. During the interview, be ready to showcase your stakeholder management skills and how you've successfully collaborated with different teams in previous roles.
✨Show Your Curiosity
Standard Life values curiosity and a proactive approach. Prepare thoughtful questions about the company’s future projects or challenges in the reinsurance space. This not only shows your interest but also your willingness to contribute to continuous improvement within the team.
