At a Glance
- Tasks: Support pricing and underwriting of global flow reinsurance transactions with technical analysis.
- Company: Join Resolution Life, a global leader in life insurance and reinsurance.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Embrace innovation and automation in a collaborative, results-driven culture.
- Why this job: Make an impact in the reinsurance industry while working with an international team.
- Qualifications: Degree in Mathematics or related field; 5+ years in life insurance/reinsurance preferred.
The predicted salary is between 80000 - 100000 £ per year.
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Resolution Life is a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies.
The Resolution Life Group is headquartered in Bermuda and operates globally through operations in Bermuda, the U.
K., the U.
S., Australia, New Zealand and Singapore.
Resolution Life proactively manages an open and dynamic work environment, with an international team that is focused on applying technical expertise and technology to developing solutions for our counterparties.
POSITION SUMMARY
The role will form part of the global reinsurance solutions team, with a primary focus on supporting Flow Reinsurance pricing across US and Asia.
Geographical focus may vary over time, depending on activity across Resolution Life.
The role will work closely with our pricing and underwriting teams across Bermuda, the US, Asia and London.
KEY ACCOUNTABILITIES
- Deal pricing
- To support pricing and underwriting of global flow reinsurance transactions, including technical analysis, structuring and commercial negotiations.
- To support the rate setting process for in-force flow treaties
- To manage and run pricing models.
- To carry out assessments and quantification of potential risks and upsides of target portfolios.
- To ensure technical pricing support is effective and provided efficiently and on time.
Team development
- To update pricing models and develop pricing methodologies.
- To keep up to date with the latest developments in technical actuarial skills relevant to reinsurance and M&A.
Professionalism
- To ensure the company operates with the highest levels of integrity, skill, care and due diligence
- To work with management committees to ensure that the company complies with its financial, regulatory and legal obligations.
- To actively promote and uphold the values of the company.
- To ensure that colleagues, customers, advisors and stakeholders are valued and treated with respect.
QUALIFICATIONS, SKILLS & EXPERIENCE
- Undergraduate degree in Mathematics, Statistics, Actuarial Sciences or other related fields.
- Fellow of the Institute & Faculty.
Equivalent Actuarial designations also accepted.
- 5+ years of experience in life insurance/reinsurance industry in pricing, valuation or other actuarial function.
- A strong background in modelling and coding
- A strong background in reinsurance pricing is preferred.
- Sufficient experience with asset-intensive reinsurance, pension risk transfer or life insurance pricing preferred
- Knowledge of Bermuda solvency regime and economic balance sheet methodology (or comparable solvency based reserving regime such as Solvency II)
- Proficiency in Excel and other modelling software/language (Python or R) preferred.
- Ability to solve problems independently from data and information gathering, modelling, to analysing and reporting on the topic.
- Ability to work as an individual contributor and take initiative to learn new things.
You may work on something you haven’t worked on before but are prepared to go and learn and find out about this area and build your knowledge
- Ability to recognise potential conflicts and acknowledge where guidance is required / necessary
- Demonstrates high standards regarding the quality of technical analysis and other deliverables.
- Embraces automation and technological solutions for all uses of data (e. g. modelling, analysis and reporting).
- Efficient project management skills with a focus on driving-for-results.
CHARACTERISTICS
- Strong independent thinker who is capable of understanding complex balance sheet dynamics.
- Demonstrates high standards regarding the quality and thoroughness of business and technical analysis.
- Business focused orientation; provides reasonable and rational perspectives.
- Team player and team builder; collaborative style; you partner effectively and with ease.
- Highly accountable with a strong work ethic; committed to superior quality and service.
- Able to handle multiple and changing priorities.
- Results-driven; creative problem-solver.
- Critical Skills
At Resolution Life, we have identified the following critical skills which are key to success in our culture:
- Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
- Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
- Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
- Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
- Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
Flow Reinsurance Pricing Manager in London employer: Res Life
At Resolution Life, we pride ourselves on being an exceptional employer, offering a dynamic work environment in London that fosters collaboration and innovation. Our employees benefit from a strong focus on professional development, with opportunities to enhance their expertise in derivatives while working alongside industry experts. With a commitment to a customer-focused culture and a team mentality, we ensure that our staff are supported in their growth and empowered to make impactful contributions to our mission.
StudySmarter Expert Advice🤫
We think this is how you could land Flow Reinsurance Pricing Manager 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 Res Life). 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 Res Life. 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 Flow Reinsurance Pricing Manager 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 Res Life.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Res Life. 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 Res Life
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Res Life 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 Res Life, 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 Res Life'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.
