Senior Reserving Actuary

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 Home - PartnerRe Experience e-book to find out more about what it’s like to work at PartnerRe.

We are always looking for bright, proactive individuals to join our team!

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Job Description

About this job:

The focus of this role is to take part in the management and monitoring of a large and strategic portfolio of long term and short term protection products in the UK and Ireland. The position is reported to the Head of UK/IRL protection, Life and Health Reserving.

Core responsibilities will include:

• Production of quarterly reserves on applicable bases (USGAAP, SII, VIF,…)
• Preparation and sign-off of the Solvency II results including the shocks and Analysis of Change together with the LDTI GAAP.
• Preparation of supporting documentation (unit testing, basis checks etc.) to validate work produced to line manager & auditors.
• Ensure the model documentation and a robust control framework.
• Drafting of the Annual Assumption Review of base mortality and morbidity, disability termination rates, morbidity deterioration, mortality improvements, lapses and other relevant assumptions on the portfolio.
• Provide insight into observed experience, propose base changes where relevant and quantify financial impacts.
• Ensure data quality and participate in integration of new data in the administration platform (LAP or Osiris)
• Play an active role in the model and tools maintenance (Axis, R, PowerQuery) and treaty modelling in Axis
• Coordinate with other team members to facilitate the consolidation.

Qualifications

About you:

Qualified Actuary with 8 or more years working experience in Life valuation, reserving or pricing in the reinsurance field, or related actuarial experience on protection products. Prior experience of Solvency II, US GAAP, valuation / reserving and financial reporting would be beneficial.

• Knowledge of a modelling platform, ideally AXIS and of the R/VBA/SQL/PowerQuery coding language would be an advantage
• Strong IT and data management skills
• Reinsurance knowledge is an asset
• Organized, proactive and keen to be flexible around busy periods
• Able to set & manage priorities & to meet deadlines
• Strong communication skills and proficiency in English, French is a plus
• Highly motivated team player

Additional Information

#LI-Hybrid

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 Team