Life Actuary - Contract - Reinsurance (DB Schemes, BPA)

The Actuary; Scotland; Hybrid; GBP 83,000 - 148,000; Part time

Job summary

Oliver James is supporting a leading Life insurance company in the UK to hire actuarial contractors for the Reinsurance Operations team.

You will build cash flow projection models from DB benefit specifications, ensuring policy administration aligns with original terms. This is a highly technical role suitable for a qualified actuary with reinsurance reconciliation experience.

Qualifications

• Qualified actuary or with significant actuarial experience.
• 5+ years in a similar role with life actuarial experience.
• Strong understanding of DB Pension scheme specifications.
• Experience with Excel cash-flow modelling (premiums, claims, lump sums, collateral).
• Experience with reinsurance reconciliation.

Responsibilities

• Build cash flow projection models from DB benefit specifications.
• Support reinsurance reconciliation.
• Ensure policies are administered in line with original terms.

Skills

Actuarial experience

DB Pension scheme specifications

Reinsurance reconciliation

Tools

Excel

Cash-flow modelling

Job description

Oliver James are supporting a leading Life insurance company who are looking for actuarial contractors to join their Reinsurance Operations team.

You will be supporting the reinsurance reconciliation by building cash flow projection models from DB benefit specifications and ensure policies are administered in line with original terms. This is a highly technical role.

This will suit a qualified actuary, or someone with significant actuarial experience. You must have strong understanding of DB Scheme specification, be able to build cash flow models in excel and have experience/understanding of reinsurance reconciliations

Engagement Type: Day rate contract (Daily rate confirmed on discussion)

Location: UK Based Remote/Hybrid

Start: ASAP - can accommodate January starts

Status: Inside IR35 (you must work through an umbrella company, non negotiable)

Required Experience:

• Life Actuary, Actuarial experience or similar
• 5+ years in a similar role (more total years experience welcome)
• Strong understanding of DB Pension scheme specifications.
• Excel Cash-flow modelling (Premiums, claims, lump sums, collateral)
• Reinsurance reconciliation experience

The client is flexible on start dates but the interview process will begin soon.