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Signing Contract

Life Senior Actuary Contract Manager

Our client is seeking a senior actuary (Approx. 4 years + PQE)  for a high-profile contract role (18 months plus).

The Role

Our client is seeking a bright, talented, and motivated individual to manage a high-profile team of 2 – 4 actuaries and trainee actuaries.

You will gain exposure to a wide range of traditional reinsurance transactions, as well as complex and innovative reinsurance solutions (e.g., longevity swaps / swap options, VIF securitizations, mass lapse covers etc.). 


Job Purpose


Actuarial Reporting spans actuarial liabilities, earnings, capital, ALM, business plan, financial condition testing etc. After a very successful period of new business growth over the last five years Our Client has acquired a significant and diverse longevity portfolio. A bright, talented and motivated individual is sought to fill a fixed-term (18-month) senior manager vacancy to lead Our Client’s longevity reporting.

Reporting directly to the Head of Actuarial Reporting, the successful candidate will gain exposure to a portfolio of bespoke, complex and innovative reinsurance solutions while working closely with a variety of senior stakeholders across Actuarial, Finance and Business Development functions as well as the wider Group functions (e.g. Actuarial, Risk and Capital functions).

Key Accountabilities

In this role the successful candidate will:

  • Manage, motivate and develop a team of 2 – 4 actuaries and trainee actuaries.

  • Deliver the quarterly (e.g. liabilities and earnings, capital) and annual (e.g. business plan, financial condition testing) actuarial reporting for Our Client’s longevity swap transactions.

  • Lead the analysis of longevity transaction performance to provide a detailed breakdown of the liability movements, earnings and capital impacts arising from annuitant mortality experience.

  • Draft accurate, clear and concise documentation and effectively communicate key insights and results to all stakeholders.

  • Support the design, development, planning and implementation of improvements to longevity reporting models and processes (including governance and controls) to optimise existing reporting, accelerate reporting timelines and enhance the controls environment.

  • Manage the implementation of new longevity swap transactions working closely with the Business Development and Actuarial Development team.

  • Support the design, development, planning and implementation of relevant projects and strategic initiatives. IFRS 17 implementation will be a key priority over 2022 and 2023.

  • Keep up to date with emerging experience and best practice through engagement with colleagues across the Group, the relevant professional bodies and individual research.


Desired Knowledge / Experience / Skills


The ideal candidate will have:

  • An actuarial qualification with at least four years post-qualification relevant technical experience.

  • An enthusiastic approach to work with a strong work ethic, a keen appetite to learn and develop and a willingness to work to a flexible schedule.

  • A well-developed blend of technical ability, judgement, reporting experience and commercial awareness.

  • The capacity to effectively and efficiently solve problems and make decisions.

  • An ability to plan work, manage time effectively and ensure timely completion of all deliverables.

  • A demonstrated capacity to build relationships, gain trust and command respect at all levels.

  • Impeccable verbal and written communication skills, and in particular an ability to effectively communicate complex concepts to different audiences.

  • People management experience with the ability to manage a team to successful outcomes.

  • An ability to work effectively in partnership with senior management across Group.

  • Extensive experience with MS Excel, MS Word, MS PowerPoint and ideally Prophet and SQL

Behavioural Competencies

  • Functional & Technical

  • Communication & Influencing

  • Team Working & Cross Functional Collaboration

  • Planning & Organising

  • Problem Solving & Decision Making

  • Innovation and Change

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