Our Client is a subsidiary of a leading global provider of client focused reinsurance solutions in the US and Europe. Our Client offers a range of innovative risk and capital management solutions covering mortality, longevity, health and lapse risk for insurers, reinsurers and pension funds.

The Role

Our Client has created a number of new actuarial roles to support the production and development of its actuarial reporting.

A bright, talented and motivated individual is sought to fill the Manager role. The successful candidate will gain exposure to a wide range of traditional reinsurance transactions (e.g. payout annuities, quota share on traditional life business etc.) as well as complex and innovative reinsurance solutions (e.g. longevity swaps / swap options, longevity stop loss transactions, VIF securitisations, mass lapse covers, mortgage reinsurance etc.).

Key Accountabilities

The breadth and depth of responsibility can be tailored to suit the skills and experience of the successful candidate. The successful candidate will:

• Calculate actuarial liabilities, solvency capital requirements and associated analyses of variance for the quarterly earnings and capital reporting.

• Produce balance sheet projections (including stress and scenario testing) for the annual business plan, the ORSA/FCT process and to support the Executive Management strategic decision making.

• Draft accurate, clear and concise documentation and effectively communicate key insights and results to all stakeholders (Chief Actuary, Chief Financial Officer, CRO…etc.).

• Maintain, manage and develop the actuarial models including the design and implementation of improvements to further automate existing reporting, accelerate reporting timelines and enhance the control environment.

• Contribute to the design, development and planning for the implementation of Group projects, new transactions and new reporting requirements (e.g. IFRS 17).

• Manage, support and guide a number of actuaries / trainee actuaries.

Desired Knowledge / Experience / Skills

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• Qualified actuary with 5+ years’ experience in a life insurance or life reinsurance environment.

• Assertive and self-motivated with the capacity to work autonomously, as part of a team and across teams.

• A flexible and enthusiastic approach to work with a strong appetite to learn and develop.

• Strong analytical skills and problem-solving abilities.

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

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

• Well-developed verbal and written communication skills.

• Competent user of MS Excel, MS Access, MS Word and MS PowerPoint.

• Experience of financial reporting, SQL and an actuarial modelling package (ideally Prophet). 

Behavioural Competencies

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• Problem Solving and Decision Making

• Team Working and Cross Functional Collaboration

• Communication and Influencing

• Planning and Organising

• Innovation and Change

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