Permanent
Ref No: 1530327
Qualification: Qualified
Closed
Our client is a prominent U.S.-focused life and annuity reinsurance firm with operations in Bermuda. As a result of its successful expansion, the company is looking to hire a client-focused actuary to assist in its ongoing business acquisition efforts (underwriting and pricing).
This role will report to the Chief Underwriting Officer, who oversees all new reinsurance opportunities, including liability modeling, pricing, and treaty negotiation.
Key responsibilities will include:
• Overseeing the RFP process, meeting client delivery timelines, and aiding in the preparation of reinsurance proposals
• Identifying risks and creating assumptions based on solid actuarial principles and in line with the Company’s Underwriting Guidelines
• Developing pricing models in Excel and MG-ALFA to accurately evaluate the risks associated with potential reinsurance opportunities
• Assisting in presentations to the Company’s Pricing Committee, conveying key deal-specific assumptions and risk metrics
• Reviewing reinsurance agreements to ensure an accurate representation of the risks projected in pricing
• Establishing and nurturing relationships with various potential clients to help achieve the Company’s growth goals
• Collaborating with the Company’s Senior Management team and client contacts to understand the ceding company's needs and develop mutually beneficial reinsurance solutions
QUALIFICATIONS AND EDUCATION REQUIREMENTS:
Acumen Resources specialises in the recruitment of the following professionals: Chief Actuary | Head of Actuarial Function | Actuarial Director | Actuarial Function Holder | CRO | CFO | Actuarial Manager | Valuations Actuary | Product Development Actuary | Pricing & Reserving Actuary | Solvency II Actuary | Life Insurance Actuary | General Insurance Actuary | Non Life Actuary | Pensions Actuary | Investment Actuary | Capital Modelling Actuary | Capital Management Actuary | Risk Management Actuary | Enterprise Risk Management Actuary | Newly & Nearly Qualified Actuary| Part Qualified Actuary | Trainee Actuary| Actuarial Trainee | Student Actuary | Actuarial Graduate
This role will report to the Chief Underwriting Officer, who oversees all new reinsurance opportunities, including liability modeling, pricing, and treaty negotiation.
Key responsibilities will include:
• Overseeing the RFP process, meeting client delivery timelines, and aiding in the preparation of reinsurance proposals
• Identifying risks and creating assumptions based on solid actuarial principles and in line with the Company’s Underwriting Guidelines
• Developing pricing models in Excel and MG-ALFA to accurately evaluate the risks associated with potential reinsurance opportunities
• Assisting in presentations to the Company’s Pricing Committee, conveying key deal-specific assumptions and risk metrics
• Reviewing reinsurance agreements to ensure an accurate representation of the risks projected in pricing
• Establishing and nurturing relationships with various potential clients to help achieve the Company’s growth goals
• Collaborating with the Company’s Senior Management team and client contacts to understand the ceding company's needs and develop mutually beneficial reinsurance solutions
QUALIFICATIONS AND EDUCATION REQUIREMENTS:
- Fellow of the Society of Actuaries (US) or Fellow of the Institute of Actuaries
- Strong interpersonal skills with a collaborative style
- 5+ years of insurance and/or reinsurance experience in life and/or annuity product development and pricing
- Comprehensive actuarial modeling skillset
Acumen Resources specialises in the recruitment of the following professionals: Chief Actuary | Head of Actuarial Function | Actuarial Director | Actuarial Function Holder | CRO | CFO | Actuarial Manager | Valuations Actuary | Product Development Actuary | Pricing & Reserving Actuary | Solvency II Actuary | Life Insurance Actuary | General Insurance Actuary | Non Life Actuary | Pensions Actuary | Investment Actuary | Capital Modelling Actuary | Capital Management Actuary | Risk Management Actuary | Enterprise Risk Management Actuary | Newly & Nearly Qualified Actuary| Part Qualified Actuary | Trainee Actuary| Actuarial Trainee | Student Actuary | Actuarial Graduate
Tagged as: Life Insurance
