Pricing Manager (Protection) – 29618
London
The role holder will be a manager within the Protection Pricing team
Pricing Manager, Asset Intensive Reinsurance – 29058
You will be responsible for setting bespoke investment strategies and structuring solutions for funded reinsurance transactions, working closely with the Client Solutions and Pricing & Portfolio Solutions (PPS) teams.
Ref: 29058
- Location: London
- Category: Pricing
- Type: Permanent
Overview
Key Duties (Including but not limited to):
- Pricing & Structuring: Lead the pricing and execution of bespoke asset-intensive quotes across S&R markets, including performing detailed analysis and developing materials for internal approvals
- Investment Strategy: Work with a broad range of asset classes including liquid and illiquid fixed income, structured products, and derivatives. Design strategies to manage and mitigate market risks (interest rate, currency, inflation, etc)
- Capital Optimization: Understand the drivers of capital requirements for S&R products and how these vary under different reinsurance structures. This includes across economic capital, Bermuda Monetary Authority and NAIC RBC regimes
Qualifications required:
- Professional qualifications (SOA, IFoA or similar) with 5+ years of relevant experience in ALM or pricing (direct or reinsurance) with emphasis on assets and market risks
Experience required:
- Deal structuring experience in bespoke funded reinsurance solutions, collateral structures, investment and derivative strategies
- Knowledge of Bermuda capital, US RBC capital, and economic capital is a strong advantage
- Deep understanding of market risks (interest rates, FX, credit spread, liquidity) and their impacts to insurance capitalization. Understanding of insurance company balance sheets including insurance capital frameworks