Head of EMELA LT Protection

ABOUT THE ROLE

The focus of this role is to take part in the management and monitoring of a large and strategic portfolio of long term protection products in EMELA. The team is made up of 5 permanent team members including 3 direct reports, and consultants and interns as required.

Key Responsibilities

• For long term protection segment in UK/IRL (Term and Critical Illness):
• Manage a team of 3 permanent employees including a Head of UK/IRL LT Protection
• Ensure data quality and participate in integration of new data in LAP (Life Administration Platform)
• For long term protection segment in EMELA excluding UK/IRL:
• Manage a team of 2 permanent employees, and consultants as required
• Ensure data quality and participate in integration of new data in Osiris
• For both segments of long term protection:
• Manage production of quarterly reserves on applicable bases (USGAAP LDTI, SII, VIF, BMA ) using Axis tool or other in house tools
• Preparation and sign off of the Solvency II results including the shocks and Analysis of Change together with the GAAP / statutory accounting.
• Preparation of supporting documentation (checks, controls ) to validate work produced to line manager & auditors.
• Annual preparation of the assumption review documentation (for Assumption and Model Change Committee and Group presentation) of base mortality and morbidity, morbidity deterioration, mortality improvements, termination rates, lapses and other relevant assumptions on the portfolio.
• Provide insight into observed experience, propose base changes where relevant and quantify financial impacts.
• Play an active role in the model and tools migration (Axis, Overlay, ATLAS R, )
• Onboard new or existing treaties into Axis with seriatim modelling
• Ensure the good feedback loop mainly with pricing/market team and with other teams (Operations, Corporate Actuarial, GAIT, )

ABOUT YOU

Technical skills/competencies:

• Knowledge in long term protection products
• Detailed knowledge of one or more reporting regimes or standards (FR GAAP, US GAAP, Solvency II, )
• Valuation / reserving and financial reporting experience would be beneficial with a focus on Health and Protection products
• Knowledge of a seriatim modelling tool, preferably Axis
• Knowledge R/VBA/PowerQuery coding language would be an advantage
• Reinsurance knowledge is an asset as well as US GAAP LDTI, French GAAP and Solvency II
• Effectively manage a team of 5 actuaries with different level of seniority
• Organized, able to work in a matrix structure
• Able to set and manage prioritiesHighly cooperative, flexible, and enthusiastic team player
• Excellent verbal and written communication skills in English.
• Keen to work with other cultures and able to think outside the box in a dynamic environment

Qualified actuary with at least 7 years of experience with management responsibilities (including interns or apprentices).

Education

University degree in relevant field (Actuarial, Statistics, Engineering)

Qualified actuary

PartnerRe is an equal opportunities employer.