Join to apply for the Pricing Actuary role at Canada Life Reinsurance.
We are looking for a Pricing Actuary (Property and Casualty) to join our team!
What we offer
We have embraced a hybrid working model for most of our positions, which means that you can enjoy a balanced approach of working from home for part of the week and working from the office for the remainder of the week.
We offer a comprehensive benefits package including competitive salaries and bonuses, robust Learning and Development support, excellent Defined Contribution pension and comprehensive Wellbeing initiatives and support.
Role Overview
Reporting to the Executive Manager P&C Pricing and Analytics, this Pricing and Underwriting role will be responsible for assisting in the pricing, development, reporting and management of the division’s worldwide P&C portfolio. This will involve direct client interaction.
The successful applicant will gain invaluable experience working with the largest P&C insurance and reinsurance companies in the World. The role will suit an applicant with a good mix of technical skills, commercial awareness and ability to manage client expectations.
Team Background
* This is an expanding team within the Reinsurance division. It writes a portfolio of property catastrophe and risk retrocession business and a growing book of structured reinsurance transactions.
* The P&C team is a key component of CLRe, generating significant levels of premium income with a strong mandate to generate earnings growth through an expansion of the structured P&C portfolio.
* The retrocession portfolio is a large P&C global portfolio with participation on some of the largest global programmes in the London, Bermudian and International markets.
What you will help us to achieve
* Work directly with the Executive Manager P&C Pricing and Analytics, Senior Underwriter P&C Retro and the wider P&C team to evaluate prospective transactions on the traditional property CAT retrocession strategy and occasionally on the expanding structured reinsurance line of business and contribute to structuring and pricing discussions.
* Take ownership of pricing and analysis of individual transactions from triage to binding.
* Regularly present analysis and findings to senior management.
* Develop market and client relationships to generate new business opportunities for CL Re in London, Continental European and Bermudian Reinsurance markets.
* Complete experience analyses of clients to assess profitability of ongoing client relationships.
* Work collaboratively with Risk, Actuarial, Finance and other functions to further the goals of the P&C team.
* Keep abreast of model and market developments and provide updates to the P&C Team.
* Lead ongoing projects to further the efficient underwriting and monitoring of individual deals and the overall portfolio.
What you will need to be successful in the role
* At least 5 years experience working towards a qualification, preferably with some knowledge of Reinsurance and Property & Catastrophe pricing methods.
* A nearly or newly qualified Actuary.
* Strong interpersonal skills.
* Strong communication skills (verbal and written).
* Comfortable operating within a small team.
* An ability to work independently without oversight.
* An ability to prioritise and adapt in a fast-paced environment.
* A commitment to working in a diverse and inclusive work environment.
* A willingness to travel as required.
About us
Canada Life Reinsurance (CL Re) is a division of Great-West Lifeco Inc. (Lifeco) and a leading provider of client focused reinsurance solutions in the United States, Europe and Asia. CL Re offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse, investment, non-life and P&C risk for insurers, reinsurers, and pension funds. CL Re is continuing to expand the solutions it offers to new and existing clients in many global markets.
As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential.
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