Reinsurance Actuary supporting the delivery of reinsurance solutions for Retirement Solutions at Phoenix Group. Involves analytical analysis and stakeholder engagement to enhance efficiency.
Responsibilities
Your primary focus will be supporting the delivery of reinsurance solutions for our Retirement Solutions business including supporting the team on the live deal pipeline
Sourcing and assessing reinsurance (flow and facultative) to achieve optimal outcomes and supporting deal execution in a structuring and project management capacity
Performing analytical analysis to check the commercial viability of prospective longevity swap and funded reinsurance transactions and making recommendations on strategy to maximise chances of success
Supporting the negotiation, documentation and governance required to on-board new arrangements including ensuring all relevant risks are appropriately managed and controls are operated
Enhancing and embedding streamlined processes and delivering efficiencies across all reinsurance activity
Expanding reinsurance capabilities and supporting strategic projects. Engaging with senior internal stakeholders and taking them along the journey where new developments are necessary
Requirements
Technical aptitude and strong analytical skills (data manipulation and cashflow modelling) with keen eye for detail
Knowledge of the BPA market, longevity underwriting or previous experience in insurance/reinsurer/DB de-risking
Demonstrated ability to build and maintain quality stakeholder relationships
Commercial knowledge of pension de-risking products including bulk annuities and longevity swaps would be desirable
Newly Qualified Actuary, with experience in the pension or life specialism
Experience in performing longevity experience analyses
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