Senior Actuary Structured Risk

  • 34548
  • Non-Life - Actuarial
  • |
  • England
  • |
  • Jan 18, 2019
Reinsurance
RESPONSIBILITIES
  • Lead the development and presentation of new, renewal, and prospect presentations to clients and reinsurers.
  • Produce structured solutions and alternatives as part of the program design efforts of the Structured Risk team.
  • Renew reinsurance programs, meeting with clients /reinsurers as needed to learn their needs and maintain strong relationships.
  • Design new programs for clients’ needs, placing business with client-approved reinsurers.
  • Establish and maintain strong relationships with reinsurers, clients, and colleagues.
  • Maintain comprehensive knowledge of reinsurer capabilities and appetites.
  • Stay abreast of accounting, regulatory, and market developments / regulations that influence the supply and demand for structured re/insurance solutions.
  • Maintain contemporary knowledge of industry loss and exposure trends that impact the supply and demand for structured re/insurance solutions while also influencing the underlying analysis of the portfolios in question.
  • Model the probability distributions of the gross/ceded/net underwriting results of an insurance company client based on an actuarial analysis of frequency and severity focusing on a large loss.
  • Analyze how the distribution of results and relevant risk measures change as a result of application on various proposed reinsurance alternatives. Utilize cost/benefit analysis to advise brokers and clients "optimal" reinsurance programs based on risk tolerance level.
  • Support the company efforts in market creation and other projects requiring actuarial expertise.
QUALIFICATIONS
  • Must have at least 10 years of actuarial and/or insurance industry experience including 10 years of relevant experience in reinsurance and/or consulting.
  • Undergraduate Quantitative Degree.
  • Must have an actuarial qualification.
  • Strong technical expertise in reinsurance experience and exposure ratings, reserving, loss distributions, reinsurance terms and conditions, and simulation modelling; with data management, financial reinsurance, risk management, catastrophe modelling & DFA expertise desirable.
  • In-depth understanding of the product lines and the global and regional industry conditions to identify significant considerations that insurers should address in designing their programs.
  • Excellent interpersonal skills for establishing and maintaining good client, market and internal relationships.
  • Strong ability to prioritize workload according to volume, urgency, etc.
  • Strong ability to be organized and pay attention to detail.
  • Strong computer skills for using Microsoft Office.
  • Strong ability to maintain compliance with professional standards, where applicable, as well as company-wide quality initiatives.
  • Strong ability to identify client needs and access and organize resources including senior management, to deliver solutions which meet or exceed client expectations.
  • Strong ability to manage complex clients and help them address issues proactively.
  • Strong ability to share information with other functional areas to enhance performance for the firm.
  • Strong ability to be open and flexible to changes in the organization and marketplace.
  • Broad knowledge of world reinsurance markets to comprehend range of products necessary to address insurers financial needs.
  • Excellent client/consultative relationship skills.
  • Strong oral & written communication skills.