Overview

Chief Reinsurance Marketing Actuary

Permanent

Our client is looking to hire a Chief Reinsurance Marketing Actuary to join their Bermuda office on a Permanent basis.

Ref: 49467

  • Location: Bermuda
  • Category: Life Actuarial
  • Type: Permanent

Overview

Key Duties:

  • Be the key interface between German reinsurance clients and the company’s Life Re by joining pitch/marketing activities undertaken by the company’s local business development team in Germany
  • Provide technical input at client meetings to obtain an understanding of the client’s needs, and steer the client engagement process towards a clearly defined reinsurance solution
  • Develop presentation material for use in client meetings to communicate the key features of reinsurance proposals including structure, price, and financial impacts
  • Work with the Senior Pricing Actuary to develop deal models and carry out technical analysis on reinsurance transactions for internal and external stakeholders. This includes assessment of the financial impact of transactions on capital metrics, accounting bases and regulatory bases
  • Work with the Chief Actuary and Senior Pricing Actuary to develop actuarial pricing bases and investment assumptions
  • Review and analyse data, financial information and documentation provided by clients as part of a reinsurance quote process, and parse information to transaction work streams
  • Ensure transaction processes comply with internal governance processes including approval of quotes, tax operating guidelines, and risk policies
  • Maintain clear and accurate documentation throughout the transaction process to ensure transparency and strong governance
  • Keep abreast of developments in the German life insurance market and undertake analysis of market trends/industry data where useful in supporting the development of reinsurance solutions for the German market
  • Prepare material to meet the Group’s governance requirements including transaction updates to the company’s Life Re Reinsurance and Operations Committee (of which the Chief Reinsurance Marketing Actuary is a member), the company’s Life Re Board, the company’s Management Executive Committee, and the company’s Holding Board
  • Contribute to special projects initiated by the company’s Life Re or the company’s Group and work collaboratively across jurisdiction to achieve results
  • Build strong and collaborative relationships with business development teams across the company’s Group and support the company culture of “one team”
  • Work closely and collaboratively with the Chief Actuary and Senior Pricing Actuary in all aspects of the role to maintain excellence in delivery, and promote a trusted partnership within the actuarial team

 

Other Skills:

  • Fluent German speaker to enable confident and accurate verbal and written communication with German clients on technical subject matter

Qualifications required:

  • Qualified actuary with significant experience in structuring and pricing life reinsurance solutions

Experience required:

  • Understanding of IFRS, US GAAP, HGB and Solvency II reporting bases in the context of reinsurance transactions
  • Experience of developing spreadsheet-based liability models and deal models
  • Familiarity with German life insurance including product features and regulatory requirements

Consultant

Patrick McAleer

Business Manager – Europe

T: +44 (0)203 867 9866

Email me

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