Qualified Actuary - CLRE

Role Overview

After a very successful period of growth over recent years CL Re has developed a significant and diverse portfolio of reinsurance transactions. The Basis Management team supports the production, development, and oversight of the CL Re experience studies and actuarial assumptions.

A bright, talented, and motivated individual is sought to fill a role on the team.

This role would suit a curious, ambitious, and innovative actuary who:

•    Enjoys working in a fast paced, dynamic environment. 
•    Relishes the opportunity to work with complex and innovative actuarial methodologies and data models.

What you will help us to achieve

The successful candidate will gain exposure to a wide range of reinsurance transactions, actuarial models and a variety of software (e.g., Prophet, SQL, Excel, R, Power BI…etc.). They will work alongside and learn from skilled and experienced actuaries in his space.

The breadth and depth of responsibility of the role will be tailored to suit the skills and experience of the successful candidate who will:
•    Support the review of the actuarial assumptions including mortality, mortality improvements, lapse, expense and expense inflation.
•    Draft accurate, clear and concise documentation and effectively communicate key insights and results to all stakeholders (Chief Actuary, Chief Financial Officer, Head of Business Development, etc).
•    Support the design, development, and implementation of improvements to the methodology, models, and processes (including governance and controls) to optimise basis reviews, accelerate production timelines and enhance the controls environment.
•    Review and develop the relevant actuarial methodologies and techniques. This will include keeping up to date with industry developments and championing the use of new technologies to keep pace with changing demands and requirements.
•    Work with the Business Development team, the Operations team and the various actuarial teams to implement new transactions into the production framework.
•    Support the design, development, planning and implementation of relevant CL Re and Group projects and strategic initiatives. Process and system developments will be a key priority over 2025 - 2027.
•    Keep up to date with emerging experience and best practice through engagement with colleagues across the Division, Lifeco, the relevant professional bodies and individual research.

What you will need to be successful in the role

The ideal candidate will have:

•    Completed the actuarial examinations with at least three years relevant experience in either a life insurance or life reinsurance environment.
•    Some experience of data management, experience studies, basis review, financial reporting, cash flow modelling or model development.
•    An enthusiastic approach to work with a strong work ethic, a keen appetite to learn and develop and a willingness to work to a flexible schedule.
•    An assertive and self-motivated personality with the capacity to work autonomously, as part of a team and across teams.
•    Strong analytical skills with the ability to reliably collect, manage and assimilate large amounts of data with attention to detail.
•    An ability to plan work, manage time effectively and deal with changing requirements to ensure timely completion of all deliverables.
•    The capacity to effectively and efficiently to solve problems and make decisions to ensure successful completion of deliverables.
•    Well-developed verbal and written communication skills.
•    Proficiency in the use of MS Excel, MS Access, MS Word and MS PowerPoint.
•    Experience of modelling software (ideally Prophet), SQL, R, data visualisation software (ideally Power BI) and an understanding of coding standards and best practice.

Key Competencies