About this job
Following a period of significant business expansion, we are looking to hire a Senior Pricing Actuary to join our UK&I Life Pricing team. The UK&I team is tasked with the management and pricing of our key protection accounts in the UK&I within our organisation.
You will have the opportunity to become an integral part of the wider pricing community.
Your responsibilities
* Active involvement in the tender process for new and existing opportunities, with particular focus on the UK and Irish Term Life and Critical Illness product lines.
* Detailed modelling and pricing of protection deals from initial assessment through to deal execution and handover to in-force management team (data interrogation and preparation, mortality and morbidity experience analysis, demographic experience analysis, creation of the inputs for the projection of cash-flows, cash-flow reconciliation, sensitivities, checking, etc.)
* Preparing Technical deal documentation and providing support to the commercial deal lead as required (pricing reports, support in drafting sign-off memos and offer letters to clients, negotiation support).
* Research, development, maintenance and improvements to our pricing benchmarks, methodologies and tools.
* Follow-up and analysis of the in-force portfolio in coordination with In-force Management and Valuation teams.
* Attending face to face client meetings, assisting in developing client propositions.
About you
You are a technically excellent individual with a desire to price life business and driven by a wish to add value. You ideally have the following background and skills:
* A qualified actuary with 5-10 years PQE.
* Relevant pricing experience in (re)insurance with relevant product lines.
* Proven analytical skills and the ability to work on complex problems.
* Self-motivated with the ability to manage time and multiple priorities effectively.
* Experience in statistical software (e.g. R) and MS Office suite.
* Experience with a relevant modelling package an advantage (e.g. AXIS, Risk Agility, Prophet).
* Knowledge of Life insurance and Critical Illness product lines would be beneficial.
What we can offer you
* An international environment, where you will be challenged, can learn from other specialists and develop quickly.
* The chance to gain detailed product and market knowledge from a leading reinsurer.
* A flexible working environment, excellent training support, and competitive remuneration.
* A structure that fosters personal empowerment and facilitates collaboration with a full suite of stakeholders (Client Partners, Reserving Function, Senior Executives).