About the Role
The role will support Flow Reinsurance pricing across US and Asia as part of the global reinsurance solutions team. You will work closely with pricing and underwriting teams globally, adapting your geographical focus based on Resolution Life's activities.
Responsibilities
- Support pricing and underwriting of global flow reinsurance transactions, including technical analysis, structuring, and commercial negotiations.
- Support the rate setting process for in-force flow treaties.
- Manage and run pricing models.
- Carry out assessments and quantification of potential risks and upsides of target portfolios.
- Ensure technical pricing support is effective, efficient, and timely.
- Update pricing models and develop pricing methodologies.
- Stay current with the latest developments in technical actuarial skills relevant to reinsurance and M&A.
- Ensure the company operates with the highest levels of integrity, skill, care, and due diligence.
- Work with management committees to ensure compliance with financial, regulatory, and legal obligations.
- Actively promote and uphold the company's values.
- Ensure colleagues, customers, advisors, and stakeholders are valued and treated with respect.
Requirements
- Undergraduate degree in Mathematics, Statistics, Actuarial Sciences, or related fields.
- Fellow of the Institute & Faculty or equivalent Actuarial designation.
- 5+ years of experience in the life insurance/reinsurance industry in pricing, valuation, or other actuarial functions.
- Strong background in modelling and coding.
- Strong background in reinsurance pricing is preferred.
- Sufficient experience with asset-intensive reinsurance, pension risk transfer, or life insurance pricing is preferred.
- Knowledge of Bermuda solvency regime and economic balance sheet methodology (or comparable solvency-based reserving regime like Solvency II).
- Ability to solve problems independently, from data gathering and modeling to analysis and reporting.
- Ability to work as an individual contributor and take initiative to learn new things.
- Ability to recognize potential conflicts and acknowledge where guidance is required.
- Demonstrates high standards regarding the quality of technical analysis and deliverables.
- Embraces automation and technological solutions for all uses of data.
- Efficient project management skills with a focus on driving for results.
Skills
- Modelling
- Coding
- Reinsurance pricing
- Asset-intensive reinsurance
- Pension risk transfer
- Life insurance pricing
- Bermuda solvency regime
- Economic balance sheet methodology
- Solvency II
- Excel
- Python
- R
- Problem-solving
- Independent work
- Learning agility
- Conflict recognition
- Quality assurance
- Automation
- Project management
- Customer Focus
- Critical Thinking
- Team Mentality
- Business Acumen
- Learning Agility
Location
- Bermuda
- US
- Asia
- London
Work Type
- Global
- Full-time
Experience Level
- 5+ years
Education Level
- Undergraduate degree
- Fellow of the Institute & Faculty
- Equivalent Actuarial designations
About the Company
- Resolution Life is a global life insurance group focused on reinsurance and the acquisition and management of life insurance policy portfolios.
- The group is headquartered in Bermuda and operates globally through entities in Bermuda, the UK, the US, Australia, New Zealand, and Singapore.
- Resolution Life fosters a proactive, open, and dynamic work environment with an international team dedicated to leveraging technical expertise and technology to develop solutions for counterparties.
