Actuary, Life

2 weeks ago

London, Greater London, United Kingdom Guy Carpenter Full time

We are seeking a senior qualified actuary (IAF, FSA, FIA, SAV or equivalent) experienced in Life and Annuities (L&A) (re)insurance, to join our growing team and support additional origination, deal management and transaction execution for the Global Risk Solutions team. In addition to advising and pricing L&A products and reinsurance solutions, the Senior Business Development Actuary will also support with financial modelling reviews, client presentation development and enhancement, managing the NDA/RFP process and negotiating/developing service level agreements, engagement letters and reinsurance contracts.

What can you expect?

  • As part of the wider sales unit, you will advise clients on technical risk quantification, risk management and market topics. You will work collaboratively as part of the Global Risk Solutions team and with various functions and subject matter experts within Guy Carpenter/Marsh McLennan across the United Kingdom, Ireland, US, Europe and indeed, globally. You will interact regularly with clients.

What you will be rewarded with:

  • We offer and embrace a hybrid working model that nurtures a collaborative working environment in the office 3 days per week allowing 2 days per week to be spent working on a remote basis.
  • Competitive Benefits Package including: 27 days annual leave, up to 4 days flexible bank holidays, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.
  • Generous Family Leave including: 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options. To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary.

We will rely on you to:

  • Assess client needs, build and maintain a strong pipeline through the analysis of clients' reinsurance requirements and through advising on strategy, new products and structures available in the market.
  • Oversee the pricing and structuring of reinsurance programmes, collaborating with actuarial colleagues and contributing to cross-functional teams.
  • Support the Head of Life & Annuities with front line client servicing (supply of market information, negotiating amendments/improvements to cover, reinsurance optimisation, facilitating client/reinsurer meetings etc).
  • Keep abreast of changing risk and reinsurance market conditions and topics such as IFRS 17 and Solvency II including its potential impact on clients.
  • Participate in the quarterly and annual revenue/budget process with the management team.
  • Recruit and manage new resources as they are needed internally through the intern/graduate program and via external hiring.
  • Lead, organise and manage a high-performing team.
  • Work together with specialists across the firm to deliver highly complex, best-in-class reinsurance solutions to clients.
  • Oversee responses to client queries, NDAs, RFPs etc., ensuring issues are resolved completely and promptly.
  • Develop client relationships across re/insurers at all levels of organization and grow/improve relationships with key decision makers in the UK and Ireland, across Europe and globally.
  • Be responsible for developing and improving client and marketing materials/presentations.
  • Engage with key stakeholders both internally and externally.

What you need to have:

  • Qualified actuary (IAF, FSA, FIA, SAV or equivalent).
  • Comparable experience in L&A re/insurance and/or on re/insurance transactions.
  • Knowledge of Solvency II/European re/insurance markets, with focus on UK/Ireland.
  • Exemplary analytical and numerical skills.
  • Ability to prioritise, work under pressure and meet deadlines.

What makes you stand out:

  • Strong initiative with an eagerness to drive projects to a successful completion.
  • A willingness to deal with international clients and markets.
  • Excellent communication and presentation skills.
  • Additional language preferred but not required.

Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,100 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people. The company's 85,000 colleagues advise clients in over 130 countries. With annualized revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit and follow Guy Carpenter on LinkedIn and Twitter @GuyCarpenter

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local based teams will identify at least one "anchor day" per week on which their full team will be together in person. office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.

#LI Hybrid #reinsurance #actuary

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