At a Glance
- Tasks: Join our team to deliver innovative reinsurance solutions and manage exciting transactions.
- Company: Standard Life, a leading retirement specialist with a focus on financial futures.
- Benefits: Competitive salary, generous holiday, private medical insurance, and flexible working options.
- Other info: Embrace a collaborative culture that values curiosity and continuous improvement.
- Why this job: Make a real impact in a dynamic role while shaping the future of retirement solutions.
- Qualifications: Qualified Actuary with experience in reinsurance or derisking transactions.
The predicted salary is between 85000 - 85000 £ 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.
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.
Reinsurance Actuary, RS&AM employer: Standard Life plc
At Standard Life, we pride ourselves on being an exceptional employer, offering a dynamic work culture that values flexibility and personal growth. Our London office provides a collaborative environment where Reinsurance Actuaries can thrive, supported by competitive salaries, comprehensive benefits including generous holiday allowances, and opportunities for career development. We believe in empowering our employees to bring their best selves to work, ensuring a fulfilling and rewarding experience as they contribute to shaping the future of retirement solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Actuary, RS&AM
✨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 introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. We want to show them that you’re not just a fit for the role, but also for the team and the company as a whole.
✨Tip Number 3
Practice your pitch! You should be able to clearly articulate your experience and how it relates to the role of a Reinsurance Actuary. We recommend rehearsing with a friend or in front of a mirror to boost your confidence.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can go a long way in keeping you top of mind. We want to remind them of your enthusiasm and interest in the position, so make sure to send that note within 24 hours.
We think you need these skills to ace Reinsurance Actuary, RS&AM
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reinsurance Actuary role. Highlight your experience in structuring and executing reinsurance transactions, and don’t forget to showcase your analytical skills. We want to see how your background aligns with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your skills can contribute to our team. Be sure to mention your understanding of the pension or life specialism, as it’s key for us.
Showcase Your Technical Skills:We’re keen on your technical abilities, so make sure to highlight your data manipulation and cashflow modelling experience. If you’ve worked with large datasets, let us know! This will help us see your fit for the analytical side of the role.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team at Standard Life!
How to prepare for a job interview at Standard Life plc
✨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 ready 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 their focus on commercial outcomes. Show that you understand the implications of SII and Matching Adjustment on reinsurance structuring. This will help you connect your technical skills to the company's goals.
✨Communicate Clearly
Excellent communication is key in this role. Practice explaining complex actuarial concepts in simple terms. Prepare to discuss how you've successfully managed stakeholder relationships and contributed to team projects in previous roles.
✨Show Your Curiosity
Standard Life values curiosity and continuous improvement. Be prepared to ask insightful questions about the company’s current reinsurance strategies and express your interest in contributing to process enhancements. This shows you're proactive and eager to learn.
