Reinsurance Actuary

Oliver James Group; Aylesbury; On-site; GBP 90,000 - 125,000; Full time

Job summary

Oliver James Group in the United Kingdom seeks a Qualified Actuary to join its actuarial team, focusing on reinsurance pricing, structuring and implementation. The role involves working closely with senior stakeholders to develop and deliver reinsurance solutions that support effective capital and risk management.

You will oversee treaty implementation, contribute to collateral arrangements, and provide technical guidance to junior members of the actuarial and pricing teams while ensuring FCA

Qualifications

• Qualified Actuary with UK actuarial credentials.
• Experience in pricing or reporting within a UK life insurer or reinsurer.
• Strong understanding of reinsurance pricing, treaty structures and administration.

Responsibilities

• Lead reinsurance pricing activities and negotiate terms with reinsurers.
• Develop and maintain relationships with internal stakeholders and external counterparties.
• Collaborate with Chief Actuary, BPA Pricing and Head of Reporting to design capital-efficient solutions for longevity, lapse and mortality risks.

Skills

Pricing expertise

Reinsurance knowledge

Stakeholder management

Communication skills

Regulatory awareness

Education

Fellow Actuary

Job description

Reinsurance Actuary

An established UK life insurer is looking to appoint a Qualified Actuary to join its actuarial team, with a focus on reinsurance pricing, structuring and implementation.

The role will involve working closely with senior actuarial, BPA pricing and reporting stakeholders to develop and deliver reinsurance solutions that support effective capital and risk management.

Key responsibilities

• Lead reinsurance pricing activities, engaging with reinsurers and negotiating commercial and technical terms.
• Develop and maintain relationships with internal stakeholders and external reinsurance counterparties.
• Work with the Chief Actuary, BPA Pricing team and Head of Reporting to design and implement capital-efficient solutions covering longevity, lapse and mortality risks.
• Oversee the implementation and ongoing operation of reinsurance treaties, including collateral arrangements, administration and reporting.
• Provide technical guidance and mentorship to junior members of the actuarial and pricing teams.
• Ensure compliance with relevant FCA and PRA regulatory requirements and reporting obligations.

Experience and qualifications

• Qualified Actuary.
• Experience within an actuarial, pricing or reporting function at a UK life insurer, or within a reinsurer's pricing or administration team.
• Strong understanding of reinsurance pricing, treaty structures and administration.
• Knowledge of UK Defined Benefit pensions and longevity risk transfer.
• Practical experience of longevity swaps and flow reinsurance treaties, including operational and collateral arrangements.
• Strong stakeholder management and communication skills, with the ability to explain complex technical matters to senior audiences.