Job details

Senior Reserving Actuary

Company Description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:

Shape your own career

Grow in a supportive environment

Connect with a community of experts

Make an impact

View Home - PartnerRe Experience e-book to find out more about what it’s like to work at PartnerRe.

We are always looking for bright, proactive individuals to join our team!

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PartnerRe is an equal opportunities employer.

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Job Description

About this job:

The focus of this role is to take part in the management and monitoring of a large and strategic portfolio of long term and short term protection products in the UK and Ireland. The position is reported to the Head of UK/IRL protection, Life and Health Reserving.

Core responsibilities will include:

Production of quarterly reserves on applicable bases (USGAAP, SII, VIF,…)
Preparation and sign-off of the Solvency II results including the shocks and Analysis of Change together with the LDTI GAAP.
Preparation of supporting documentation (unit testing, basis checks etc.) to validate work produced to line manager & auditors.
Ensure the model documentation and a robust control framework.
Drafting of the Annual Assumption Review of base mortality and morbidity, disability termination rates, morbidity deterioration, mortality improvements, lapses and other relevant assumptions on the portfolio.
Provide insight into observed experience, propose base changes where relevant and quantify financial impacts.
Ensure data quality and participate in integration of new data in the administration platform (LAP or Osiris)
Play an active role in the model and tools maintenance (Axis, R, PowerQuery) and treaty modelling in Axis
Coordinate with other team members to facilitate the consolidation.

Qualifications

About you:

Qualified Actuary with 8 or more years working experience in Life valuation, reserving or pricing in the reinsurance field, or related actuarial experience on protection products. Prior experience of Solvency II, US GAAP, valuation / reserving and financial reporting would be beneficial.

Knowledge of a modelling platform, ideally AXIS and of the R/VBA/SQL/PowerQuery coding language would be an advantage
Strong IT and data management skills
Reinsurance knowledge is an asset
Organized, proactive and keen to be flexible around busy periods
Able to set & manage priorities & to meet deadlines
Strong communication skills and proficiency in English, French is a plus
Highly motivated team player

Additional Information

#LI-Hybrid

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.

Thank you,

PartnerRe Hiring Team

What You Should Know About Senior Reserving Actuary, PartnerRe

Are you a qualified actuary looking for a dynamic opportunity? Join PartnerRe as a Senior Reserving Actuary in Dublin, Ireland! In this exciting role, you will manage and monitor a sizable portfolio of long-term and short-term protection products across the UK and Ireland. You’ll dive into tasks like producing quarterly reserves and preparing Solvency II results while collaborating closely with the Head of UK/IRL protection, Life and Health Reserving. Your expertise will shine as you validate your work with comprehensive documentation, draft annual assumptions, and provide insightful analyses of experience. PartnerRe is committed to supporting you as you grow in a culture that values collaboration and respect. With your solid background in life valuation and reserving, coupled with a knack for data management and IT skills, you will fit right in! Your proactive attitude will help you manage priorities and meet deadlines effectively. PartnerRe believes in the idea that every team member can make a meaningful impact, connecting with experts and shaping their career paths. If you’re ready to take on a role that offers both professional reward and a chance to contribute positively to communities, we’ll love to hear from you!

Frequently Asked Questions (FAQs) for Senior Reserving Actuary Role at PartnerRe

What are the key responsibilities of a Senior Reserving Actuary at PartnerRe?

As a Senior Reserving Actuary at PartnerRe, you will play a crucial role in managing a strategic portfolio of long-term and short-term protection products. Your responsibilities will include producing quarterly reserves, preparing Solvency II results, drafting annual assumptions on various factors, and validating your work with detailed documentation to ensure quality and compliance.