Actuary

Royal London Group; City of Edinburgh; Híbrido; GBP 90.000 - 120.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Hybrid work

Benefits package

Descripción de la vacante

Royal London is seeking an experienced Actuary to lead reinsurance activity within the Protection Commercial Team in Edinburgh. You will manage queries, maintain reinsurer relationships and drive tender negotiations to secure favorable terms. This hybrid role requires strong analytical skills and collaboration across the business.

You will contribute to reports, financial analyses and strategy, supporting customers, members and advisors with accurate data and insights.

Formación

• FIA/FFA required or equivalent actuarial qualification.
• Proven reinsurance and life insurance experience.
• Excellent numeracy, problem solving and attention to detail.
• Strong communication and stakeholder management in a hybrid environment.

Responsabilidades

• Oversee regular reinsurance activity and resolve reinsurer queries.
• Lead reinsurance account meetings with agenda planning and content.
• Develop and manage a rolling reinsurance tender plan using claim trends.
• Coordinate tender activity and negotiate optimal reinsurance terms.
• Provide financial analysis using advanced actuarial methods for planning.

Conocimientos

Actuarial expertise

Strong communication

Analytical thinking

Educación

FIA or FFA

Herramientas

Excel

SQL

Descripción del empleo

Contract type: Permanent Full Time 35 hours per week
Location: Edinburgh

Working style: Hybrid 50% home/office based

Excellent Benefits Package

We are looking for a talented, experienced Actuary to join our Protection Commercial Team and lead our reinsurance activity. Reporting to the Protection Commercials Lead, you will be responsible for maintaining strong relationships with our reinsurance partners, securing optimal reinsurance terms through tender negotiations and ensuring timely resolution of reinsurer queries.

This is an exciting opportunity to be part of a dynamic and supportive team that works together to deliver great outcomes for our customers, members and advisors.

.

About the role

• Responsible for managing regular reinsurance activity, including the oversight and timely resolution of reinsurer queries, provision of accurate MI and reviews of treaty and process documentation.
• Maintain strong reinsurer relationships, organise and lead reinsurance account meetings, including agenda planning and the preparation of engaging content.
• Develop and own a rolling reinsurance tender plan, using an understanding of claim experience trends to inform and influence the wider reinsurance strategy.
• Co-ordinate tender activity and lead the commercial analysis, negotiation and recommendation of the optimal reinsurance terms.
• Carry out financial analysis using complex actuarial and analytical techniques to support team, department or wider business planning and other activities as required.
• Provide specialist advice and interpretation of results to colleagues and senior managers across the department and the wider business.
• Challenge and make improvements to data, processes, procedures, and documentation to make them more accurate and/or efficient.
• Write and present reports to colleagues and senior managers across the department and the wider business.

About you

• Experienced Actuary (FIA or FFA) with excellent understanding of the actuarial concepts and techniques required to fulfil the role.
• Previous experience working at a reinsurer or as part of a reinsurance team at a life insurance office.
• Excellent understanding of life insurance business including competitors' products and the reinsurance market.
• Highly numerate with excellent problem-solving skills and attention to detail.
• Excellent time management and organisation, with a genuine desire to take ownership of actions and work collaboratively in a hybrid working environment to drive results.
• Strong ability to communicate in a professional manner and build positive working relationships with colleagues and senior managers both across the business and externally.
• Motivated by working in financial services, insurance, protection and reinsurance, with a desire to make a positive impact.
• Good knowledge of using Microsoft Excel and SQL.

.

About Royal London

We're the UK's largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance.

Inclusion, diversity and belonging

We're an inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected - whatever their background.