Reinsurance Actuary
An established UK life insurer is looking to appoint a Qualified Actuary to join its actuarial team, with a focus on reinsurance pricing, structuring and implementation.
The role will involve working closely with senior actuarial, BPA pricing and reporting stakeholders to develop and deliver reinsurance solutions that support effective capital and risk management.
Key responsibilities
- Lead reinsurance pricing activities, engaging with reinsurers and negotiating commercial and technical terms.
- Develop and maintain relationships with internal stakeholders and external reinsurance counterparties.
- Work with the Chief Actuary, BPA Pricing team and Head of Reporting to design and implement capital-efficient solutions covering longevity, lapse and mortality risks.
- Oversee the implementation and ongoing operation of reinsurance treaties, including collateral arrangements, administration and reporting.
- Provide technical guidance and mentorship to junior members of the actuarial and pricing teams.
- Ensure compliance with relevant FCA and PRA regulatory requirements and reporting obligations.
Experience and qualifications
- Qualified Actuary.
- Experience within an actuarial, pricing or reporting function at a UK life insurer, or within a reinsurer's pricing or administration team.
- Strong understanding of reinsurance pricing, treaty structures and administration.
- Knowledge of UK Defined Benefit pensions and longevity risk transfer.
- Practical experience of longevity swaps and flow reinsurance treaties, including operational and collateral arrangements.
- Strong stakeholder management and communication skills, with the ability to explain complex technical matters to senior audiences.
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Reinsurance Actuary in Aylesbury employer: The Actuary
As a leading player in the life insurance sector, our company offers an exceptional work environment that fosters professional growth and innovation. With a strong emphasis on collaboration and employee development, we provide comprehensive training programs and opportunities for advancement, ensuring that our team members thrive in their careers. Located in a vibrant city, we also promote a healthy work-life balance, making us an attractive employer for those seeking meaningful and rewarding employment.
