Reinsurance Actuary

The Actuary; Aylesbury; Hybrid; GBP 85,000 - 120,000; Full time

Job summary

The Actuary, a UK life insurer, seeks a Qualified Actuary to join its actuarial team with a focus on reinsurance pricing, structuring and implementation. The role supports capital and risk management through close collaboration with senior stakeholders.

Responsibilities include leading pricing activities, developing internal and external relationships, and designing capital-efficient solutions for longevity, lapse and mortality risks while overseeing treaties and regulatory reporting.

Qualifications

• Qualified Actuary with UK life insurer experience.
• Experience in actuarial/pricing/reporting in a UK life insurer or reinsurer.
• Strong understanding of reinsurance pricing, treaty structures and administration.
• Knowledge of UK Defined Benefit pensions and longevity risk transfer.
• Experience with longevity swaps and flow reinsurance treaties.
• Strong stakeholder management and communication skills for senior audiences.

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 for 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 FCA and PRA regulatory requirements and reporting obligations.

Skills

Reinsurance pricing

Treaty structures

Stakeholder management

Regulatory reporting

Longevity risk transfer

Education

Qualified 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.