Pricing Manager, Asset Intensive Reinsurance – 29058

The Emerald Group; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A financial services company in London seeks a professional to develop bespoke investment strategies and manage reinsurance transactions. You will lead pricing and structuring for asset-intensive operations, requiring over 5 years of experience in ALM or pricing. The ideal candidate will possess strong analytical skills and knowledge of market risks. This position offers a permanent contract.

Qualifications

• 5+ years of relevant experience in ALM or pricing (direct or reinsurance).
• Experience in deal structuring for funded reinsurance solutions.
• Knowledge of Bermuda capital and US RBC capital is advantageous.

Responsibilities

• Lead the pricing and execution of bespoke asset-intensive quotes.
• Design strategies to manage and mitigate market risks.
• Understand drivers of capital requirements for different reinsurance structures.

Skills

Pricing & Structuring

Investment Strategy

Capital Optimization

Market Risk Management

Education

Professional qualifications (SOA, IFoA or similar)

Job description

You will be responsible for setting bespoke investment strategies and structuring solutions for funded reinsurance transactions, working closely with the Client Solutions and Pricing & Portfolio Solutions (PPS) teams.

• Location: London
• Type: Permanent

Key Duties (Including but not limited to):

• Pricing & Structuring: Lead the pricing and execution of bespoke asset-intensive quotes across S&R markets, including performing detailed analysis and developing materials for internal approvals
• Investment Strategy: Work with a broad range of asset classes including liquid and illiquid fixed income, structured products, and derivatives. Design strategies to manage and mitigate market risks (interest rate, currency, inflation, etc)
• Capital Optimization: Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures. This includes across economic capital, Bermuda Monetary Authority and NAIC RBC regimes
• Professional qualifications (SOA, IFoA or similar) with 5+ years of relevant experience in ALM or pricing (direct or reinsurance) with emphasis on assets and market risks
• Deal structuring experience in bespoke funded reinsurance solutions, collateral structures, investment and derivative strategies
• Knowledge of Bermuda capital, US RBC capital, and economic capital is a strong advantage
• Deep understanding of market risks (interest rates, FX, credit spread, liquidity) and their impacts to insurance capitalization. Understanding of insurance company balance sheets including insurance capital frameworks