Our Financial Services client is seeking to recruit a Reinsurance MAnager (Actuary) oin an initial 6 month contract to be based in either Edinburgh or Bristol. This is a hybrid position and requires 2x days per week onsite.
As Reinsurance Manager, you'll drive the Group's reinsurance strategy for life and protection products, ensuring optimal risk transfer and driving commercial value. This is more than an actuarial role - you'll influence proposition design, collaborate with pricing and product teams, and shape innovative solutions that meet customer needs while managing risk effectively.
Key Responsibilities
* Strategic Leadership
o Shape and deliver the reinsurance strategy for life and protection propositions.
o Partner with product and pricing teams to embed reinsurance considerations into proposition design and development.
o Identify opportunities to innovate through reinsurance structures that enhance customer value and business performance.
* Relationship Management
o Act as the key liaison with reinsurers, building strong partnerships to secure competitive terms and foster collaboration.
o Drive negotiations on treaty renewals, pricing, and terms to ensure sustainable arrangements.
* Technical Expertise
o Apply actuarial insight to assess risk, pricing, and financial impact of reinsurance structures.
o Analyse performance of reinsurance arrangements and provide actionable recommendations to senior stakeholders.
* Governance & Compliance
o Ensure all reinsurance arrangements comply with regulatory requirements and internal risk frameworks.
o Maintain robust documentation and reporting for governance and audit purposes.
Skills & Experience Required
* Essential:
o Proven experience in reinsurance relationship (or similar) management within life insurance or protection markets.
o Strong actuarial background with expertise in risk modelling and financial analysis.
o Ability to influence proposition design and collaborate across pricing, product, and commercial teams.
o Excellent negotiation and stakeholder management skills.
* Desirable:
o Knowledge of protection pricing and product development.
o Familiarity with UK regulatory environment and Solvency II requirements.
o Strong analytical and problem-solving skills with attention to detail.
Qualifications
* Qualified actuary (FIA or equivalent) preferred.
* Degree in Actuarial Science, Mathematics, Finance, or related discipline.