Director, Reinsurance Actuary

Director, Reinsurance Actuary page is loaded Director, Reinsurance Actuary Apply locations London, England time type Full time posted on Posted 30+ Days Ago job requisition id R

Location

London - One Canada Square, Level 26

Business

Blumont Annuity Company UK (BAC UK) is a life insurance company with a primary focus on the pension risk transfer market in which buy-out and buy-in bulk purchase annuity policies are sold to defined benefit pension schemes in the UK.

BAC UK is wholly owned by Brookfield Wealth Solutions Ltd. ("BWS"). Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance. BWS's latest capital position has over$16 billionof group capital across its regulated insurance subsidiaries and holding companies. This strong capital position underpins the A financial strength ratings assigned to Brookfield Wealth Solutions' life and annuity companies, and the investment grade ratings for its life and annuity holding company.

Brookfield Culture

Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

Responsibilities:

• Reinsurance models: Analyse and run reinsurance models to generate fees for flow treaties, including formatting data and benefits into the required reinsurer formats

• Reinsurance information: Coordinate and send the necessary data, models, and aggregate pricing information and pipeline information to reinsurers.

• Reinsurance tenders: Running tenders for large new business deals (>500m), liaising with reinsurers on new business opportunities and structuring contracts for new deals

• Reinsurance relationships: Maintaining reinsurer relationship with BAC UK's flow partners alongside other reinsurers on BAC UK's approved counterparty panel.

• Checking risk limits and compliance with matching adjustment requirements: Monitor and check risk limits and matching adjustment eligibility for reinsurance treaties.

• Operational onboarding of reinsurance: Including setting up collateral structures and monitoring of ongoing operational requirements.

Required Skills and Experience:

• Qualified actuary with 9-15 years of experience.

• At least 1 year of experience of reinsurance longevity swap pricing.

• Longevity reinsurance sector experience, ideally through an insurer or reinsurer but will consider through a consultancy route

• Knowledge of UK pensions/bulk annuities.

• Excellent critical thinking and analytical skills, with the ability to collect, organize, analyze, and disseminate information with attention to detail and accuracy.

• Ability to multi-task, prioritize deliverables, and work well under pressure and deadlines.

• Possesses high professional standards and exemplifies exceptional integrity and credibility with strong relationship management skills.

• Works well in a team-based environment.