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Reinsurance Actuary
On-site in the UK·Added 1 month ago (last checked 27 Oct)
Utmost International
8 open roles
Our summary
- Work mode
- On-site, the UK
- Closing date
- Apply by Friday 30 October
Skills
Requirements
What we're looking for
- 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.
The role
What you'll do
- 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.
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