Director, Reinsurance Actuary

Brookfield Asset Management; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading company in wealth solutions seeks a qualified actuary with significant experience in reinsurance. The role involves analyzing reinsurance models, managing data exchanges, and maintaining relationships with reinsurers. This position promises a dynamic and collaborative environment focused on excellence in deliverables and team performance.

Qualifications

• 9-15 years of experience in reinsurance, ideally with longevity swap pricing.
• Knowledge of UK pensions and bulk annuities.
• High professional standards with exceptional integrity.

Responsibilities

• Analyze and run reinsurance models for flow treaties.
• Manage data and information exchange with reinsurers.
• Maintain reinsurer relationships and contract structuring.

Skills

Critical Thinking

Analytical Skills

Relationship Management

Education

Qualified Actuary

Job description

Location

London - One Canada Square, Level 26

Business - Wealth Solutions

Brookfield Wealth Solutions (“BWS”; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

Responsibilities:

• Reinsurance models: Analyse and run reinsurance models to generate fees for flow treaties, including formatting data and benefits into the required reinsurer formats

• Reinsurance information: Coordinate and send the necessary data, models, and aggregate pricing information and pipeline information to reinsurers.

• Reinsurance tenders: Running tenders for large new business deals (>500m), liaising with reinsurers on new business opportunities and structuring contracts for new deals

• Reinsurance relationships: Maintaining reinsurer relationship with BAC UK’s flow partners alongside other reinsurers on BAC UK’s approved counterparty panel.

• Checking risk limits and compliance with matching adjustment requirements: Monitor and check risk limits and matching adjustment eligibility for reinsurance treaties.

• Operational onboarding of reinsurance: Including setting up collateral structures and monitoring of ongoing operational requirements.

Required Skills and Experience:

• Qualified actuary with 9-15 years of experience.

• At least 1 year of experience of reinsurance longevity swap pricing.

• Longevity reinsurance sector experience, ideally through an insurer or reinsurer but will consider through a consultancy route

• Knowledge of UK pensions/bulk annuities.

• Excellent critical thinking and analytical skills, with the ability to collect, organize, analyze, and disseminate information with attention to detail and accuracy.

• Ability to multi-task, prioritize deliverables, and work well under pressure and deadlines.

• Possesses high professional standards and exemplifies exceptional integrity and credibility with strong relationship management skills.

• Works well in a team-based environment.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.