Responsibilities:
- Leading projects related to longevity, assumption setting, longevity risk, and capital models
- Build and manage relationships with internal and external stakeholders
- Taking charge on various areas of thought leadership-longevity, annuities etc.
- Longevity research
- Conduct reinsurance pricing activities, including discussions with reinsurers and negotiate reinsurance terms.
- Working with the Origination team and pension schemes to design and administer capital efficient solutions that effectively manage risk for the business.
- Oversee operation of reinsurance treaties, including collateral arrangements where appropriate.
- Managing/mentoring junior members of the team
- Overseeing some of the technical aspects of models and experience analysis -development, implementation, calibration and testing
- Contribute to the risk management function of the business from a BPA perspective.
- Ad hoc tasks as required.
- Comply with the FCA's conduct and Consumer Duty rules and the PRA's conduct standards.
- Notify the regulator(s) of matters reasonably expected to be notified.
Reporting Into:
- Head of Product Actuarial / Head of Pricing
Core Competencies:
- Understanding of capital modelling and profit testing
- Experience of mortality analysis and assumption setting
- Strong knowledge of UK Defined Benefit Pensions and reinsurance structures
- Strong communication skills (able to communicate technical issues to senior people including non-actuaries)
Experience and Qualifications:
- Qualified Actuary
- Experience of working within the Actuarial Function of a UK Life assurer
- Experience of managing stakeholders at all levels