Pricing and Funded Reinsurance Manager

3 days ago
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Welcome backSign in to save Pricing and Funded Reinsurance Manager at Pension Insurance Corporation plc. Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilience, Adaptable, and Loyal.Our Origination department is seeking to recruit a Pricing and Funded Reinsurance Manager on a part time basis, reporting to our Head of Pricing and Funded Reinsurance who is responsible for optimising pricing, playing a leading role in developing PIC's Pricing assumptions and Funded Reinsurance strategy.The role will:drive implementation of assumptions and strategies, providing market and technical knowledge to aid cross-departmental projects in both pricing and Funded Reinsurance areas, as well as taking on a senior Deal Lead role on select new business transactions; andsupport the Head of Pricing and Funded Reinsurance as well as supporting all senior Deal Leads in the team on larger transactions from a pricing and Funded Reinsurance perspective; andbe a key participant in executing new Funded Reinsurance arrangements and onboarding new counterpartiesThe role requires the ability to effectively collaborate with members of the Origination team, along with other key functions around the business, specifically; Risk, Investments and Finance to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate.You will apply knowledge and insights concerning the development of pricing assumptions and the use and implementation of Funded Reinsurance and how this impacts our shareholders and policyholders. You will also deliver strong business outcomes relating to capital, profitability, the Company brand and market reputation whilst achieving positive outcomes for our policyholders and shareholders on a consistent basis.Our Company values are expected to be reflected in the delivery and performance of every role.Your specific accountabilities will be:Conducts thorough analysis of quotations from the reinsurance market to develop opportunities for new business transactionsResponsible for ensuring existing Funded Reinsurance treaties are maintained and collateral is monitored on an ongoing basisPrepare comprehensive reports reflective of the intended audience that demonstrate sound analysis and recommendations for new funded reinsurance arrangements as part of the new business strategyEffectively collaborates with other members of the Origination team, Reinsurance, Finance, and Investments to understand the impact of proposals on the wider businessDeveloping working relationships with existing and new funded reinsurance counterpartiesTakes ownership for their own learning and development in both technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills of reinsurance and new business pricingKeeps informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practices related to funded reinsurance and bulk annuities by attending industry seminars, reading, and sharing relevant published articlesRequirementsExperienceQualified ActuaryExperience in developing pricing assumptionsExperience of delivering new structural partnershipsDirect experience in bulk annuity reinsurance and funded re transactionsExperience working in a corporate or consulting environment, the majority in bulk annuity insurance, reinsurance or structuringKnowledgeGood technical knowledge of defined benefit pensions and reinsurance marketEstablished knowledge of data and mortality analysisFamiliar with reinsurance pricing and collateral arrangementsDeep understanding of longevity riskUnderstanding of Solvency II and Solvency UKSkillsStrong organisational skillsExcellent communication and interpersonal skills to be able to build and develop relationshipsAbility to persuade and influence both directly and indirectlyAbility to manage people and other resources effectivelyAbility to organize work to meet competing deadlinesAbility to work within defined procedures as recommended by functional teamsCommercial judgementGood working knowledge of MS software, accounting software beneficial but not essential (e.g. RAFM)Desirable personal attributesIntellectually curious with a willingness to learn through own researchStrong problem-solving skills utilising consultative questioning to challenge current norms and drive change within the business function.Form relationships and be influential with potential clients, client advisers and reinsurance counterparties.Effective communicator and influencer - structures insights into clear messages and effectively engages others within business function, as well as internal stakeholders, professional and regulatory bodiesInnovative thinker - positive attitude to change and a willingness to embrace new ideas and techniques to improve performanceBenefitsIn addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you'll have full study support to qualify as an actuary and will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more. Seniority levelSeniority level Mid-Senior level Employment typeEmployment type Full-time Job functionJob function Finance and Sales Industries Non-profit Organizations and Primary and Secondary Education Referrals increase your chances of interviewing at Pension Insurance Corporation plc by 2xGet notified about new
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