Senior Structuring and Pricing Actuary

PartnerRe; Greater London; On-site; GBP 100,000 - 150,000; Full time

Job summary

PartnerRe seeks an experienced Senior Actuary to join Global Life Financial Solutions for Europe, Middle-East and Latin America regions. The successful candidate will be responsible for the development and implementation of models assessing the underlying risk and development of the appropriate structure to meet clients needs.

The role will be based in London, Zurich, Paris or Dublin. The role provides exposure to a wide variety of products and innovative reinsurance solutions, and you will

Qualifications

• Strong actuarial background in pricing life and health insurance / reinsurance and familiar with accounting standards (e.g., USGAAP, IFRS17).
• Good knowledge of Solvency 2 is essential, including awareness of some of the issues faced by insurers.
• At least 8 years of relevant financial services industry experience.
• Experience in actuarial pricing and structuring bespoke reinsurance agreements will be ideal.

Responsibilities

• Develop, structure and market appropriate reinsurance solutions encompassing accounting, regulatory and economic risk-transfer aspects.
• Technical development of pricing tools to analyse risk and profitability of life reinsurance solutions.
• Contribute to the deal execution involving responding to RFPs, negotiating terms with clients and brokers, and prepare internal approval memos.
• Support the business development efforts prospecting/client visits promoting our solutions and tailoring to specific client objectives.
• Prepare and make internal and external presentations on life reinsurance topics as required.

Skills

Actuarial pricing

Pricing life & health

Reinsurance pricing

IFRS17/US GAAP knowledge

Solvency II knowledge

Commercial/financial acumen

Education

Qualified life actuary

Job description

Company Description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world. Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

• Shape your own career
• Grow in a supportive environment
• Connect with a community of experts
• Make an impact

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Role Summary

We are seeking an experienced, dynamic, results orientated Senior Actuary to join our growing Global Life Financial Solutions team for Europe, Middle-East and Latin America regions. The successful candidate will be responsible for the development and implementation of models assessing the underlying risk (including high level experience analysis) and development of the appropriate structure (with broader team) to meet clients needs. The position will be based in Zurich, Paris, London or Dublin.

The role provides the opportunity for exposure to a wide variety of products and innovative reinsurance solutions in diverse markets and you will be expected to make a significant contribution to the development of our Global Life Financial Solutions team, and the wider enhancement of PartnerRe’s Life & Health propositions.

Key Responsibilities

Your mission is to develop and price financial solutions transactions and grow PartnerRe’s revenue in the EMELA region.

In More Detail Your Responsibilities Will Include

• Develop, structure and market appropriate reinsurance solutions encompassing accounting, regulatory and economic risk-transfer aspects
• Technical development of pricing tools to analyse risk and profitability of life reinsurance solutions
• Contribute to the deal execution involving responding to RFPs, negotiating terms with clients and brokers, and prepare internal approval memos
• Support the business development efforts prospecting/client visits promoting our solutions and tailoring to specific client objectives
• Prepare and make internal and external presentations on life reinsurance topics as required

Qualifications

Technical Skills:

• You are a technically excellent individual with an ability to demonstrate commercial sense
• Strong actuarial background in pricing life and health insurance / reinsurance and familiar with accounting standards (e.g., USGAAP, IFRS17)
• Good knowledge of Solvency 2 is essential, including awareness of some of the issues faced by insurers

Behavioral Competencies

• Creativity, curiosity, and pragmatism are desirable attitudes
• You enjoy collaborating with your colleagues as well as working on your own
• Your preference is to be part of an international and multicultural environment, handling diverse tasks, yet always ready to support the team effort and meet the business needs
• Comfortable in a client facing capacity as well as working in a dynamic and fast paced environment
• Great communication, strong analytical and problem-solving skills
• Fluent English speaker. Other European languages are desirable

Work Experience

• At least 8 years of relevant financial services industry experience
• Experience in actuarial pricing and structuring bespoke reinsurance agreements will be ideal

Professional Qualifications

• Qualified life actuary

Additional Information

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.

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Thank you, PartnerRe Hiring Team