Actuary

About This Role

An Actuary who leads reinsurance activity is sought for the Protection Commercial Team. This role involves maintaining strong relationships with reinsurance partners, securing optimal reinsurance terms through tender negotiations, and ensuring timely resolution of reinsurer queries. It is an exciting opportunity to be part of a dynamic and supportive team.

Responsibilities

• Manage regular reinsurance activity, including the oversight and timely resolution of reinsurer queries, provision of accurate MI, and reviews of treaty and process documentation
• Maintain strong reinsurer relationships, organise and lead reinsurance account meetings, including agenda planning and the preparation of engaging content
• Develop and own a rolling reinsurance tender plan, using an understanding of claim experience trends to inform and influence the wider reinsurance strategy
• Co-ordinate tender activity and lead the commercial analysis, negotiation, and recommendation of the optimal reinsurance terms
• Carry out financial analysis using complex actuarial and analytical techniques to support team, department, or wider business planning and other activities as required
• Provide specialist advice and interpretation of results to colleagues and senior managers across the department and the wider business
• Challenge and make improvements to data, processes, procedures, and documentation to make them more accurate and/or efficient
• Write and present reports to colleagues and senior managers across the department and the wider business

Requirements

• Experienced Actuary (FIA or FFA) with excellent understanding of the actuarial concepts and techniques required to fulfil the role
• Previous experience working at a reinsurer or as part of a reinsurance team at a life insurance office
• Excellent understanding of life insurance business including competitors’ products and the reinsurance market
• Highly numerate with excellent problem-solving skills and attention to detail
• Excellent time management and organisation, with a genuine desire to take ownership of actions and work collaboratively in a hybrid working environment to drive results
• Strong ability to communicate in a professional manner and build positive working relationships with colleagues and senior managers both across the business and externally
• Motivated by working in financial services, insurance, protection, and reinsurance, with a desire to make a positive impact
• Good knowledge of using Microsoft Excel and SQL

Benefits

• Excellent benefits package
• 28 days annual leave in addition to bank holidays
• Up to 14% employer matching pension scheme
• Private medical insurance