Senior Pricing Actuary

3 weeks ago

London UK, UK, United Kingdom PartnerRe Full time

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.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:

Shape your own career

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Make an impact

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Job Description

About this job:

Following a period of significant business expansion, PartnerRe are looking to hire a Senior Pricing Actuary to join our UK&I Life Pricing team. The UK&I team is tasked with the management and pricing of our key protection accounts in the UK&I within Partner Re EMELA. You will have the opportunity to become an integral part of the wider EMELA pricing community.

Your responsibilities will include:

  • Active involvement in the tender process for new and existing opportunities, with particular focus on the UK and Irish Term Life and Critical Illness product lines.
  • Detailed modelling and pricing of protection deals from initial assessment through to deal execution and handover to in-force management team (data interrogation and preparation, mortality and morbidity experience analysis, demographic experience analysis, creation of the inputs for the projection of cash-flows, cash-flow reconciliation, sensitivities, checking, etc.)
  • Preparing Technical deal documentation and providing support to the commercial deal lead as required (pricing reports, support in drafting sign-off memos and offer letters to clients, negotiation support.)
  • Research, development, maintenance and improvements to EMELA’s pricing benchmarks, methodologies and tools.
  • Follow-up and analysis of the in-force portfolio in coordination with In-force Management and Valuation teams.
  • Attending face to face client meetings, assisting in developing client propositions.

Qualifications

About you:

You are a technically excellent individual with a desire to price life business and driven by a wish to add value. You ideally have the following background and skills:

  • Qualified Actuary with 5-10 years PQE
  • Relevant pricing experience in (re)insurance with relevant product lines
  • Proven analytical skills and the ability to work on complex problems.
  • Self-motivated with the ability to manage time and multiple priorities effectively.
  • Experience in statistical software (e.g. R) and MS Office suite
  • Experience with a relevant modelling package an advantage (e.g. AXIS, Risk Agility, Prophet)
  • Knowledge of Life insurance and Critical Illness product lines would be beneficial.

What can we offer you?

  • An international environment, where you will be challenged, can learn from other specialists and develop quickly.
  • The chance to gain detailed product and market knowledge from a market leading reinsurer.
  • A flexible working environment, excellent training support, and competitive renumeration.
  • A structure that fosters personal empowerment and facilitates collaboration with a full suite of stakeholders (Client Partners, Reserving Function, Senior Executives)

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.

Thank you,

PartnerRe Hiring Team

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