Reinsurance Actuary

• Conduct reinsurance pricing activities, including discussions with reinsurers and negotiate reinsurance terms.
• Build and manage relationships with internal and external stakeholders including reinsurance counterparties.
• Working with the Chief Actuary, BPA Pricing team, and Head of Reporting to design, administer and report capital efficient solutions that effectively manage key risks , including but not limited to Longevity, lapse and mortality
• Implement and oversee operational aspects of reinsurance treaties, including collateral and administration arrangements and reporting solutions.
• Managing/mentoring junior members of the wider actuarial and pricing teams.
• Comply with the FCA’s conduct and Consumer Duty rules and the PRA’s conduct standards as set out.
• Notify the regulator(s) of matters reasonably expected to be notified.

• Conduct reinsurance pricing activities, including discussions with reinsurers and negotiate reinsurance terms.
• Build and manage relationships with internal and external stakeholders including reinsurance counterparties.
• Working with the Chief Actuary, BPA Pricing team, and Head of Reporting to design, administer and report capital efficient solutions that effectively manage key risks , including but not limited to Longevity, lapse and mortality
• Implement and oversee operational aspects of reinsurance treaties, including collateral and administration arrangements and reporting solutions.
• Managing/mentoring junior members of the wider actuarial and pricing teams.
• Comply with the FCA’s conduct and Consumer Duty rules and the PRA’s conduct standards as set out.
• Notify the regulator(s) of matters reasonably expected to be notified.

Core Competencies

• Strong knowledge of reinsurer treaties, pricing and administration.
• Strong knowledge of UK Defined Benefit Pensions and other reinsurance structures.
• Strong communication skills (able to communicate technical issues to senior people including non-actuaries).
• Operational working of longevity swaps and flow treaties including administration and collateral.

Experience and qualifications

• Qualified Actuary or nearly qualified, with a view of qualifying in the short term.
• Experience of working within Pricing / Actuarial /reporting functions of a UK Life assurer or in a reinsurer pricing or administration function.
• Experience of managing stakeholders at all levels.
• DB pensions and longevity swap knowledge.

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