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Life Model Development Manager Reinsurance

Our client is a leading provider of reinsurance solutions in the Global Life Assurance Market with a very strong actuarial focus, where talent and hard work are recognised and rewarded, and where there are excellent promotion prospects, both domestically and internationally.

Background

Our client is a leading provider of reinsurance solutions in the Global Life Assurance Market with a very strong actuarial focus, where talent and hard work are recognized and rewarded, and where there are excellent promotion prospects, both domestically and internationally.

 

The Role

Our client is seeking a bright, talented, and motivated individual to manage the Model Development team, which supports the development and oversight of actuarial models, methodologies and assumptions.

 

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 securitisations, mass lapse covers etc.). 

 

This is a high visibility role within the company and the wider group

 

You will:

  • Support the review and update of actuarial assumptions.

  • Support the review and development of relevant actuarial methodologies and techniques.

  • Support the Actuarial Function review and challenge of new business propositions.

  • Draft accurate, clear, and concise documentation.

  • Contribute to the design, development, and planning for the implementation of Group projects. 

  • Keep up to date with emerging experience and best practice.

             

You will have:

  • An actuarial qualification with 5+ years in a life insurance or life reinsurance environment.

  • An assertive and self-motivated personality.

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

  • Strong analytical skills and problem-solving abilities.

  • An ability to plan work, manage time effectively and deal with changing requirements.

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

  • Well-developed verbal and written communication skills.

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

  • Experience of financial reporting, Prophet (or comparable actuarial modelling package) and SQL.

 

The Competencies

  • Technical expertise

  • Problem solving and decision-making

  • Teamwork and cross-functional collaboration

  • Communication and influencing

  • Planning and organising

  • Innovation and change