Reinsurance Actuary

Orange Malone; City Of London; On-site; GBP 90,000 - 140,000; Full time

Job summary

Orange Malone in City of London is seeking an experienced actuarial professional to lead reinsurance pricing activities and negotiate with counterparties, reporting to the Chief Actuary. You will build strong relationships with internal teams and external partners to design capital-efficient solutions for longevity, lapse and mortality risk.

The role requires qualified or near-qualified actuaries with UK life insurance pricing and reporting experience, deep knowledge of DB pensions, and hands-on

Qualifications

• Qualified Actuary or nearing qualification with clear path to qualification.
• Experience in Pricing, Actuarial, or Reporting for UK Life insurer or reinsurer.
• Strong knowledge of UK Defined Benefit pensions and reinsurance structures.
• Experience with longevity swaps and flow treaties, including administration and collateral.

Responsibilities

• Lead reinsurance pricing activities and negotiations with counterparties.
• Build and manage relationships with internal and external stakeholders.
• Collaborate with Chief Actuary, BPA Pricing team, and Head of Reporting on capital-efficient solutions for longevity, lapse, and mortality risk.
• Implement and oversee operational aspects of reinsurance treaties, including collateral and reporting.
• Mentor junior members of the wider actuarial and pricing teams.

Skills

Stakeholder management

Communication skills

Pricing experience

Mentoring juniors

Education

Actuarial qualification

Job description

Reporting to: Chief Actuary

The Role:

• Lead reinsurance pricing activities, including discussions and negotiations with reinsurance counterparties
• Build and manage relationships with internal and external stakeholders
• Work with the Chief Actuary, BPA Pricing team, and Head of Reporting to design and administer capital-efficient solutions managing longevity, lapse and mortality risk
• Implement and oversee operational aspects of reinsurance treaties, including collateral, administration and reporting solutions
• Support and mentor junior members of the wider actuarial and pricing teams

What we're looking for:

• Qualified Actuary or nearly qualified, with a clear path to qualification
• Experience within Pricing, Actuarial or Reporting functions of a UK Life assurer, or in a reinsurer's pricing/administration function
• Strong knowledge of UK Defined Benefit pensions and reinsurance structures
• Operational experience of longevity swaps and flow treaties, including administration and collateral
• Excellent stakeholder management and communication skills — able to explain technical concepts to senior, non-actuarial audiences