Longevity and Reinsurance Actuary

1 month ago


United Kingdom Utmost International Full time
Job Details: Longevity and Reinsurance Actuary
  • Leading projects related to longevity, assumption setting, longevity risk, and capital models.
  • Build and manage relationships with internal and external stakeholders.
  • Taking charge on various areas of thought leadership - longevity, annuities etc.
  • Longevity research. 
  • Conduct reinsurance pricing activities, including discussions with reinsurers and negotiate reinsurance terms. 
  • Working with the Origination team and pension schemes to design and administer capital efficient solutions that effectively manage risk for Utmost.
  • Oversee operation of reinsurance treaties, including collateral arrangements where appropriate.
  • Managing/mentoring junior members of the team.
  • Overseeing some of the technical aspects of models and experience analysis - development, implementation, calibration, testing.
  • Contribute to the risk management function of Utmost Life and Pensions from a BPA perspective.
  • Ad hoc tasks as required.
  • Comply with the FCA’s conduct and Consumer Duty rules and the PRA’s conduct standards. 
  • Notify the regulator(s) of matters reasonably expected to be notified.
  • Leading projects related to longevity, assumption setting, longevity risk, and capital models.
  • Build and manage relationships with internal and external stakeholders.
  • Taking charge on various areas of thought leadership - longevity, annuities etc.
  • Longevity research. 
  • Conduct reinsurance pricing activities, including discussions with reinsurers and negotiate reinsurance terms. 
  • Working with the Origination team and pension schemes to design and administer capital efficient solutions that effectively manage risk for Utmost.
  • Oversee operation of reinsurance treaties, including collateral arrangements where appropriate.
  • Managing/mentoring junior members of the team.
  • Overseeing some of the technical aspects of models and experience analysis - development, implementation, calibration, testing.
  • Contribute to the risk management function of Utmost Life and Pensions from a BPA perspective.
  • Ad hoc tasks as required.
  • Comply with the FCA’s conduct and Consumer Duty rules and the PRA’s conduct standards. 
  • Notify the regulator(s) of matters reasonably expected to be notified.
Core Competencies:
Mandatory
  • Understanding of capital modelling and profit testing.
  • Experience of mortality analysis and assumption setting.
  • Strong knowledge of UK Defined Benefit Pensions and reinsurance structures.
  • Strong communication skills (able to communicate technical issues to senior people including non-actuaries).
Experience and Qualifications:
Mandatory
  • Qualified Actuary.
  • Experience of working within the Actuarial Function of a UK Life assurer.
  • Experience of managing stakeholders at all levels.
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