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Longevity and Reinsurance Actuary

Signet Resources
Posted 2 days ago, valid for 25 days
Location

Aylesbury, Buckinghamshire HP17 8YJ, England

Salary

£95,000 per annum

Contract type

Full Time

Retirement Plan

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The position is located in Buckinghamshire and offers a salary of £95,000 per annum.
  • Candidates are expected to have experience working within the Actuarial Function of a UK Life assurer.
  • The role involves leading projects related to longevity, managing relationships with stakeholders, and conducting reinsurance pricing activities.
  • Qualified actuaries with strong communication skills and knowledge of UK Defined Benefit Pensions are preferred.
  • The job requires a hybrid work model, with three days in the office and two days from home.
  • Location: Buckinghamshire
  • Salary: £95,000 per annum
  • Hybrid: 3 days a week in the office and 2 days from home

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

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.