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About the Role
The Assistant Longevity Client Manager supports the effective operational contract management within a growing longevity portfolio, covering UK and Dutch business for various clients. This role involves assisting client managers and actuarial colleagues with new deal executions, transitioning deals to business-as-usual, audits, and ad-hoc requests.
Responsibilities
- Support new Longevity transaction due diligence exercises.
- Assist with execution tasks for new Longevity transactions.
- Complete all post-execution requirements, including record keeping.
- Support Longevity Client Managers in managing existing Longevity treaties, including client onboarding.
- Manage selected smaller existing Longevity treaties to build experience.
- Liaise with internal/external stakeholders to manage client deliverables, ensure contractual obligations are met, and escalate issues.
- Assist with client audits, true-ups, and annual reviews.
- Support business relationships with existing clients.
- Ensure record keeping and governance requirements are kept up-to-date.
- Assist with collateral management activities, including valuation, settlement, and operational processes.
- Assist with various Longevity projects and work streams.
- Coordinate and provide ideas for client hospitality events.
- Support the promotion of Longevity within the UK office and wider Munich Re Group.
- Coordinate and facilitate internal processes and controls with other Munich Re and UK Life Branch teams.
- Undertake any additional duties and responsibilities as reasonably expected.
Requirements
- Demonstrate inclusive behavior and encourage colleagues to create an inclusive culture.
- Treat colleagues and sales and business partners fairly and with respect.
- Ability to analyze information, identify issues, and propose practical solutions.
- Build effective working relationships with clients and internal stakeholders.
- Ensure compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.
Skills
- Excellent communication skills
- Project coordination skills
- Ability to prioritize various tasks
- Organizational skills to meet deadlines and manage client expectations
- Ability to produce high-quality written material
- Advanced Excel skills
- Life, Health and Disability insurance related fields experience (desirable)
- Life Reinsurance experience (desirable)
- Pensions and / or Longevity experience (desirable)
- Project management skills (desirable)
Location
- London
Work Type
- Hybrid
Experience Level
- Assistant level
Benefits
- On target bonus
- 25 days annual leave with the option to purchase more
- Private medical insurance
- Employer's contributory pension of 10%
- Fully paid 6 months family leave
About the Company
- Munich Re's UK Life Branch is part of the Life 1 division of Munich Re, operating in the competitive UK life market.
- The company understands the dynamic nature of the life insurance market, including medical progress, demographic trends, changing lifestyles, evolving regulations, and intense competition.
- UK & Ireland Life's business strategy is built on three pillars: protection, longevity, and reinsurance structuring.
- The company provides clients with the financial strength of the world's largest reinsurer, global expertise, and competitive pricing.
Equal Opportunity
- Munich Re embraces the power of differences, believing diversity fosters resilience and innovation.
- The company aims to build a diverse workforce across various dimensions including race, ethnicity, sexual and gender identities, economic and geographic backgrounds, physical abilities, ages, experiences, and beliefs.
- Munich Re is committed to building an equitable and inclusive work environment where diversity is celebrated, valued, and provided with equitable opportunities to succeed.
- Encourages applications from candidates whose experience does not align perfectly with every requirement.
- Offers reasonable adjustments during the recruitment process upon request.