Reinsurance Actuary – Remote from EMEA

Iqtalent; South Africa; Remote; ZAR 300 000 - 400 000; Full time

Job summary

An innovative insurance company is seeking a reinsurance actuary to enhance its reinsurance strategies. In this pivotal role, you will optimize reinsurance structures while collaborating with brokers and reinsurers to drive successful negotiations. The ideal candidate will possess a strong actuarial background, excellent analytical skills, and a passion for data-driven decision-making. Join a dynamic team where your contributions will directly impact the company's growth and sustainability in the insurance sector. If you thrive in a fast-paced environment and are eager to make a difference, this opportunity is perfect for you.

Qualifications

• Graduate actuary with a master's in applied mathematics or actuarial sciences.
• Several years of experience in outward reinsurance and capital management.

Responsibilities

• Optimize group reinsurance structures and monitor performance.
• Support reinsurance negotiations and build relationships with brokers.

Skills

Reinsurance

Data Analysis

Excel

Python

R

SAS

Actuarial Sciences

Stakeholder Management

Education

Master’s Degree in Applied Mathematics

Graduate Actuary or Equivalent

Tools

Excel

R

Python

SAS

Job description

Who are we?

Wakam is a European B2B2C insurer that designs white label insurance products for its partners (e-retailers, brokers and fintechs/insurtechs, etc.). Our insurance products are embedded in the products or services offered to the end-customer.

We operate in 32 European countries with the majority of our turnover generated outside France.

We provide most of our products through API, and hosts white label insurance solutions via our Play&Plug technology platform.

⌖ The Mission

Wakam, the most modern, innovative, and disruptive insurance company whose reinsurance is at the heart of its business model, is seeking an reinsurance actuary to join its Reinsurance department. In our growing context, you will be in the spotlight through the optimisation of the use of reinsurance which is essential to Wakam model sustainability.

Directly reporting to the Chief of Reinsurance, you will be specifically responsible for:

Optimizing the group reinsurance structures

• Refining the group reinsurance structure blending risk modelling and capital optimisation considerations under risk appetite et regulatory constraint.
• Monitoring the reinsurance performance in various processes (budgeting, closure), provide analysis explaining the main observed discrepancies and feedback the reinsurance structures and the next year budget with appropriated evolutions.

Supporting reinsurance negotiation

• Building-up and leverage a strong relationship with Brokers’ and Reinsurers’ actuaries to enable in-depth technical negotiation during the reinsurance placement.
• Preparing the renewal submission packs and derive analysis that support negotiation in order to achieve the renewal targets.
• Providing regular treaty performance monitoring through one-one meeting and/or global webinar to the reinsurers, supported by detailed information gathered from a nurture relationship with the underwriting team.

✯ The Profile we are looking at

Qualifications & skills:

• Graduate actuary or equivalent with a master’s degree specialized in applied mathematics, statistics, and/or actuarial sciences
• Several’ years of experience with in-depth skills in outward reinsurance, solvency 2 or capital management, gained within insurance/reinsurance companies, brokerage, consulting firms
• Good understanding of reinsurance mechanisms or keen to specialize in the Reinsurance area
• Strong relationships skills and ability to interact with various stakeholders, whether external (reinsurers, brokers), or internal (underwriting team, finance, capital, etc.)
• Strong appetite for handling and processing data
• Proficient with Excel Essential, basic programming skills in R, Python, SAS
• Proficiency in English in a professional context (reading, writing, speaking)

Your working mindset:

• Ability to step back, high level of autonomy, and strong proactivity to understand our atypical business model, search for the right information, and deduce relevant analyses
• Appreciation of teamwork and project mode in a cross-functional environment
• Organization, rigor, and precision
• Curiosity and strong analytical and synthesis skills
• Desire to invest in a modern and dynamic scale-up company, in a cross-functional role that will offer the opportunity to work directly with all business lines while applying actuarial methodologies

Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth!

You have the Wakam mindset? Join us!