Senior Pricing Actuary | Life Reinsurance

/Senior Pricing Actuary | Life Reinsurance
  • Permanent
  • Ireland
  • Ref No: J6233
  • Qualification: Qualified

The Role:

We are seeking a Senior Pricing Actuary to lead new business acquisition which delivers client-centric reinsurance solutions and to play a critical role in the development of our client’s Life and Health strategy.

The role is challenging, exciting and highly varied. It requires a candidate with solid industry experience, a strong understanding of life and health reinsurance across global markets as well as exceptional technical, communication and influencing skills.

The role will operate in an international environment and the successful candidate will be expected to coordinate and work with international colleagues across the Group.

The successful candidate will gain exposure to all aspects of the reinsurance business and be an integral part of the global team.

Working with an excellent team, you will be provided the opportunity to lead transactions, demonstrate and enhance your skill set and to develop your own profile within the worldwide business.

Duties & Responsibilities:

Pricing –

The responsibilities of the role will span all aspects of actuarial pricing and new business acquisition, including:

 Evaluate new business opportunities sourced from within the world-wide network
 Manage internal relationships and key stakeholders while managing successful acquisition and on-boarding
 Demonstrate a thorough understanding of regulatory, accounting and economic impacts of prospective transactions
 Design and review bespoke reinsurance solutions to meet the diverse needs of our clients
 Work collaboratively with Group entities globally on new business opportunities
 Set and review pricing assumptions
 Effectively communicate how complex reinsurance solutions operate, the effect on our risk profile and the financial and economic outcomes to the Senior Management team including the CEO, CFO, Head of Corporate Actuarial and CRO
 Draft and review treaty wordings and summary documentation
 Prepare and deliver presentations to internal colleagues on the latest pricing developments

Marketing and Strategy –

 Contribute to the development and implementation of the L&H strategy
 Identify opportunities to support Business Centres within the Group
 Represent Pricing team at various internal Group workshops
 Work alongside the Head of Pricing in building and maintaining strong relationships with the Company’s direct and internal clients

Regulation and Local Marketplace –

 Actively monitor the changing regulatory environment internationally and locally (Solvency II/ IFRS 17) and assess impact on existing business and new business opportunities
 Contribute to discussions within the Group on matters affecting new business, product development and economic solvency capital requirements
 Attend international reinsurance industry meetings to monitor developments in relevant markets

Education and Experience:

 Qualified actuary with significant post qualification experience
 Experience of life reinsurance is favourable, particularly in a pricing or structuring role
 International experience of reinsurance business across different regimes, geographies, product designs beneficial
 Detailed understanding of European solvency and regulatory requirements
 Exposure to Asian and Australasian requirements beneficial

Skills:

 Strong analytical and technical capability with a creative approach to client solutions
 Time management – ability to manage competing priorities and deadlines
 Critical thinker – performs independent assessments in new situations with the confidence to challenge the status quo
 Strategic – proactively identifies and realises business opportunities as they present themselves

Person Specification:

 Influential – ability to influence decisions and manage relationships with key stakeholders both locally (Senior Management team & Board) and across the Group internationally
 A dynamic self-starter with the ability to work independently with little supervision
 Excellent communicator – ability to present solutions to non-technical clients in a clear and concise manner
 Adaptable and flexible approach to work
 Applies initiative and demonstrates accountability for own role
 Team player – works well with others and takes time to impart knowledge and develop less experienced team members.

For more information please contact Jenny at 016099409 or jenny@acumen-resources.com.

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 | Dublin | Ireland

Tagged as: Life Insurance, Systems

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By |2019-04-24T11:44:12+01:00April 24th, 2019|Comments Off on Senior Pricing Actuary | Life Reinsurance