Longevity and Reinsurance Actuary

Responsibilities:

• Leading projects related to longevity, assumption setting, longevity risk, and capital models
• Build and manage relationships with internal and external stakeholders
• Taking charge on various areas of thought leadership-longevity, annuities etc.
• Longevity research
• Conduct reinsurance pricing activities, including discussions with reinsurers and negotiate reinsurance terms.
• Working with the Origination team and pension schemes to design and administer capital efficient solutions that effectively manage risk for the business.
• Oversee operation of reinsurance treaties, including collateral arrangements where appropriate.
• Managing/mentoring junior members of the team
• Overseeing some of the technical aspects of models and experience analysis -development, implementation, calibration and testing
• Contribute to the risk management function of the business from a BPA perspective.
• Ad hoc tasks as required.
• Comply with the FCA’s conduct and Consumer Duty rules and the PRA’s conduct standards.
• Notify the regulator(s) of matters reasonably expected to be notified.

Reporting Into:

• Head of Product Actuarial / Head of Pricing

Core Competencies:

• Understanding of capital modelling and profit testing
• Experience of mortality analysis and assumption setting
• Strong knowledge of UK Defined Benefit Pensions and reinsurance structures
• Strong communication skills (able to communicate technical issues to senior people including non-actuaries)

Experience and Qualifications:

• Qualified Actuary
• Experience of working within the Actuarial Function of a UK Life assurer
• Experience of managing stakeholders at all levels