At a Glance
- Tasks: Support reinsurance solutions and enhance processes for optimal outcomes.
- Company: Join Standard Life, a leader in retirement savings with over 200 years of experience.
- Benefits: Competitive salary from £80,000+, excellent pension, private medical insurance, and 38 days holiday.
- Other info: Collaborative culture that values curiosity, connection, and continuous improvement.
- Why this job: Make a real impact in the evolving world of reinsurance while enjoying flexible working.
- Qualifications: Qualified Actuary with experience in reinsurance or derisking transactions.
The predicted salary is between 40500 - 49500 £ per year.
Type
Permanent
Location: 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.
You can read more about flexible working here.
Salary and benefits: from £80,000+ (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.
Key Responsibilities
- Support sourcing and assessment pricing of reinsurance solutions flow and facultative longevity to secure optimal commercial outcomes.
- Perform analytical assessments to evaluate the commercial viability of longevity swaps and funded reinsurance transactions.
- Contribute to structuring and project‑managing live reinsurance transactions.
- Develop recommendations to strengthen transaction strategy and maximise success in competitive processes.
- 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.
- Find out more about working at Standard Life
- Locations 20 Old Bailey, London, EC4M 7AN, GB (Hybrid)
- #J-18808-Ljbffr
Reinsurance Actuary, RS&AM employer: Phoenix Group
Standard Life is an exceptional employer, offering a dynamic work environment in London, Edinburgh, Telford, or Birmingham, with flexible working arrangements that prioritise your needs. With a competitive salary and comprehensive benefits package, including generous annual leave, private medical cover, and opportunities for career development, we foster a culture of curiosity and accountability, empowering you to thrive while making a meaningful impact in the retirement sector.
