Reinsurance Manager, RS&AM at Standard Life plc | GB | Rezi

Reinsurance Manager, RS&AM at Standard Life plc

Reinsurance Manager, RS&AM

Standard Life plc · GB

4 weeks ago

Reinsurance Manager, RS&AM

Standard Life plc · GB

a month ago
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About the Role

Working closely with the Head of Reinsurance Operations, you will support many aspects of the overall reinsurance operations journey. This role is ideal for someone seeking a challenge and experienced in efficiently and accurately administering reinsurance arrangements.

Responsibilities

  • Review technical accuracy of Reinsurance Settlement reports and Collateral Valuations for longevity-based products.
  • Review annual cleanse materials, including data changes, premium calculations, and surrender amounts, ensuring technical accuracy.
  • Develop bespoke Excel modeling tools to validate onboarding and accuracy of ongoing materials from the strategic reinsurance platform.
  • Review reconciliation of premiums and claims on legacy reinsurance arrangements, drafting reports with findings and recommendations.
  • Develop clear, efficient, and robust processes for the team and ensure continuous improvement.
  • Work with the New Business Reinsurance team to ensure new contracts are operationally viable before transaction.
  • Train new and existing team members on operational developments.
  • Ensure all processes and templates are clearly documented with suitable audit trails and version control.
  • Drive and support ad-hoc project work.

Requirements

  • Newly qualified actuary with strong Defined Benefit pension scheme experience, including benefit calculations, cashflow modelling, and projecting pension liabilities.
  • Significant practical knowledge of DB pension benefits from administration, actuarial/benefits consultancy, implementation, or technical calculation roles.
  • Proven ability to interpret and apply complex DB pension scheme rules to benefit calculations (GMP, revaluation, increases in payment, early/late retirement adjustments) and project them accurately into future cashflows.
  • Strong analytical and Excel modeling skills, with experience in developing, reviewing, and validating complex calculations and models.
  • Excellent communication skills, with the ability to explain complex technical information clearly.
  • Ability to build strong stakeholder relationships and work collaboratively.
  • Strong attention to detail.
  • Commercial knowledge of pension de-risking and longevity solutions (bulk annuities, longevity swaps, and/or longevity reinsurance) is desirable.

Skills

  • Excel modelling
  • Analytical skills
  • Communication skills
  • Attention to detail

Location

  • London
  • Edinburgh

Work Type

  • Permanent
  • Hybrid
  • Part-time
  • Job-share

Experience Level

  • Manager

Education Level

  • Newly qualified actuary

Salary/Compensations

  • c.£69,000 depending on experience plus bonus

Benefits

  • Private medical cover
  • 38 days annual leave
  • Excellent pension
  • 12x salary life assurance
  • Career breaks
  • Income protection
  • 3x volunteering days

About the Company

  • Standard Life is a retirement specialist focused entirely on retirement savings and income.
  • We believe everyone's journey to and through retirement can be better, and for over 200 years, we've helped customers plan and prepare for their financial futures.
  • We offer colleagues flexibility, trust, and benefits that work for whatever life brings.
  • In return, we expect curiosity, connection, accountability, and high standards.
  • We make room for what matters so you can bring your best every day.

Equal Opportunity

  • We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds.
  • If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
  • If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.