Nearly/Newly Qualified Actuary, Permanent CL Reinsurance

Role Overview

CL Re has undergone a period of significant growth in recent years. To support the growth in the business, CL Re is recruiting a Nearly / Newly Qualified Actuary in the Actuarial Operations function. The Actuarial Operations function is responsible for the ongoing administration of a growing portfolio of traditional and bespoke reinsurance solutions transactions – predominantly Longevity Swaps and International Structured transactions.

What you will help us to achieve

In this role the successful candidate will:

Engage in Treaty Management: 
•    Develop an in-depth understanding of CL Re’s portfolio of longevity swaps, bespoke structured and other reinsurance solutions.
•    Review treaty requirements prior to treaty execution and provide feedback to support the Business Development function.
•    Monitor adherence to treaty obligations and stipulations. 
•    Input into client discussions on amendments to existing treaties.

Client Reporting & Settlements: 
•    Review, analyse and conclude on client reporting.
•    Review and ensure approval for transaction settlements and collateral movements. 

Data Analysis:
•    Monitor transaction performance and communicate insights to key stakeholders, including senior management.
•    Understand, verify and cleanse client data for delivery to the Actuarial function’s quarterly reporting processes.

Stakeholder Engagement: 
•    Work with a team of dynamic professionals and develop strong relationships with internal and external clients. 

Innovation and Automation: 
•    Be a part of an office transformation project that enhances process automation and control environments.

Process Improvement: 
•    Design, develop and implement model and process improvements, including model governance and controls, to further automate existing processes and enhance the control environment.

Project Support:
•    Support the design, development, planning and implementation of relevant actuarial projects at CLRe.

Professional Development: 
•    Keep up to date with emerging experience and best practice through engagement with colleagues across Lifeco, the relevant professional bodies and individual research.

The breadth and depth of responsibility of the role will be tailored to suit the skills and experience of the successful candidate.

What you will need to be successful in the role

•    An actuarial qualification or university degree progressing towards actuarial qualification, with at least three years of experience in an insurance or reinsurance environment.
•    Strong problem-solving and independent decision-making skills, with the confidence to act autonomously when required.
•    Experience working with data management software and modern programming languages (e.g., R, SQL, Python, VBA) and data visualisation (e.g. PowerBI).
•    A demonstrated ability to build and maintain strong relationships. 
•    Self-motivation and assertiveness with the capacity to work autonomously, as part of a team and across teams.
•    Excellent verbal and written communication skills, and in particular an ability to effectively communicate complex concepts by adapting to the different audiences.
•    Strong time management skills, with the ability to prioritize tasks, adapt to dynamic environments, while ensuring timely completion of deliverables.
•    Experience working with Microsoft Office. 
•    A commitment to working in a diverse and inclusive work environment.

Key Competencies