Pricing Actuary

at  PartnerRe

Company Description
PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.
Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.
Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:
Shape your own career
Grow in a supportive environment
Connect with a community of experts
Make an impact
View The PartnerRe Experience e-book to find out more about what it’s like to work at PartnerRe.

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Job Description

ABOUT THIS JOB:

You will be a key member of our global longevity pricing team, expected to contribute substantially to the growth and development of PartnerRe’s longevity portfolio in the UK and elsewhere.

Following familiarization with our team approach, your core initial responsibilities will include:

• Detailed modelling and pricing of longevity deals from initial assessment through to deal execution and handover to in-force management team (data interrogation and preparation, mortality experience analysis, demographic experience analysis, creation of the inputs for the projection of cash-flows, cash-flow reconciliation, sensitivities, checking, etc.)
• Technical deal documentation and support to the deal lead as required (pricing and checking reports, support in drafting sign-off memos and offer letters to clients, negotiation support, etc.)
• Development, maintenance and improvements to our current modelling and pricing methodologies and tools.
• Ad hoc and regular analysis of our in-force portfolio to explain performance and find new modelling insights.
• Research and development of our benchmark pricing bases and new longevity benchmarks for new territories.
• Client work including joining negotiation, due diligence visits, implementation visits.
• Opportunities to build deal models for non-longevity deals.

Qualifications
About you:
We are looking for a high performance, high potential, technically strong Actuary who is a quick learner.
An ability to be pragmatic and demonstrate commercial sense while working on complex pricing assignments.
A strong written and verbal communicator who works effectively in a dynamic and culturally diverse international environment.

Someone who enjoys autonomy, and is also an effective team player.

• Qualified actuary or an actuarial trainee making good progress with their actuarial exams
• At least 3-5 years of experience in life (re-)insurance pricing, valuation or consulting
• Longevity pricing or pensions consulting experience would be an advantage
• Proven analytical skills and enjoys working on complex projects
• Ability to manage time and multiple priorities effectively
• Self-motivation, ability to work under pressure when needed
• Experience in MS Excel or statistic software (e.g. R)
• Knowledge of actuarial projections systems (e.g. AXIS, Risk Agility) would be beneficial
• Excellent teamwork and communication skills

Additional Information
PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.
Thank you,
PartnerRe Hiring Tea

• Detailed modelling and pricing of longevity deals from initial assessment through to deal execution and handover to in-force management team (data interrogation and preparation, mortality experience analysis, demographic experience analysis, creation of the inputs for the projection of cash-flows, cash-flow reconciliation, sensitivities, checking, etc.)
• Technical deal documentation and support to the deal lead as required (pricing and checking reports, support in drafting sign-off memos and offer letters to clients, negotiation support, etc.)
• Development, maintenance and improvements to our current modelling and pricing methodologies and tools.
• Ad hoc and regular analysis of our in-force portfolio to explain performance and find new modelling insights.
• Research and development of our benchmark pricing bases and new longevity benchmarks for new territories.
• Client work including joining negotiation, due diligence visits, implementation visits.
• Opportunities to build deal models for non-longevity deals