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Job ID: 34511
Job Openings by Title Actuary
Location England
Description:
Position:	 Actuary

Company:	Reinsurance

Location:	England

Job ID:		34511


Responsibilities:

- Perform pricing, modeling, risk analysis and structuring activities in support of proposed transactions, or amendments to existing transactions in a timely manner consistent with applicable standards.
- Working closely with the pricing team to assess and analyze risk exposure in potential transactions and document these risks for the operating entities.
- Support discussions with rating agencies over obtaining and maintaining suitable ratings for the operating entities.
- Support discussions with banks and other third parties over debt funding arrangements and collateral structures.
- Assist in the design of internal and external reinsurance transactions and lead discussions on risk issues with internal and external clients.
- Develop and maintain adequate and timely documentation of personal work in compliance with relevant Actuarial Standards of Practices. 
- Assist business development associates by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients.
- Act as a trusted business partner.
- Participate in due diligence work on case activity, specifically appraisal and treaty review.
- Be willing to travel extensively, principally to the US, UK and Bermuda.
- Update documentation of pricing policies and procedures as required.  Recommend, implement and document enhancements to the pricing process.
- Assist risk management personnel with monitoring experience of in-force treaties.
- Review the actuarial financial reporting work done by the outside actuary for operating entities, including Bermuda reserves, appraisals, and GAAP reserves.
- Participate in key unit and ad-hoc department projects as needed.
- Maintain regular and predictable attendance.
- Perform other duties as assigned.
 
Qualifications:

- Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field.
- FSA Certification.
- 7+ years of actuarial experience in Life Insurance/Reinsurance
- Preferred:  Asset intensive product experience strongly preferred.
- Strong actuarial experience in risk and pricing.
- International Insurance experience.
- Demonstrated knowledge of life reinsurance, longevity, and/or annuity products.
- Highly advanced investigative, analytical and problem solving skills.
- Advanced understanding of actuarial and risk principles.
- Advanced knowledge of broad business and finance-related practices.
- Ability to take ownership in projects and drive them to completion.
- Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received.
- Ability to balance detail with departmental goals/objectives.
- Ability to manage multiple projects and/or teams simultaneously.
- Ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines, internally and externally.
- Preferred: 
- Advanced knowledge of key financial reporting, accounting, and solvency regimes, including US GAAP, US Statutory, and US tax; IFRS; MCEV / EV / EEV; Bermuda Solvency and Solvency II.
- Ability to model various insurance products and reinsurance structures.
- Experience with actuarial modeling software.
- Ability to challenge and enhance our analytical capabilities.
- Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches.




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