Manager, Reinsurance, Corporate Actuarial
5 days ago
Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.
**Responsibilities**:
- Support the implementation of the company’s reinsurance strategy. This may involve implementation of standard guidelines for reinsurer selection and treaty wording on new products, evaluating the economic benefits arising from existing treaties, and performing regular retention studies.
- Support the CFO in the sign-off process for new treaties and addendums and provide guidance to the developer in building the new treaties and addendums into the reinsurance administration system.
- Validate the reinsurance system and Prophet calculation against the existing treaties.
- Prepare regular management information to monitor reinsurance performance and propose adjustments to the overall strategy to Chief Actuary accordingly.
Qualifications and Experience:
- 8-10 years of experience
- Past experience of dealing with reinsurance treaties / reinsurers would be very beneficial
- Strong technical and analytical skills
- Familiarity with SQL and Prophet would be a benefit, but not essential
- Enjoy working with related parties across business functions and would be comfortable dealing with external reinsurers
- Motivated to develop a deeper understanding about optimal reinsurance strategies and contributing to the ongoing enhancement of the company’s holistic reinsurance strategy
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