The technical actuarial assistant will be responsible for working with and supporting the partners in analyzing portfolios of life insurance policies and pension scheme profiles to assess the longevity/mortality risk of the underlying insured and gauging their investment risk profile. This will be undertaken by running cashflow and premium generation models, creating trading databases and technical review of cash flows for life-contingent transactions, review of underlying policy and insured data information provided by underlying insurance companies and brokers, amongst others aspects.
· Analyze statistical information to estimate mortality, longevity rates.
· Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
· Design, review and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
· Determine policy contract provisions for each type of insurance.
· Explain changes in contract provisions
Our Client is anFCA regulated advisory/brokerage business working with its global clients to select life risk which is most appropriate for their various investment strategies. The team are experts in the longevity and mortality market with over 10 years of experience. Our Client provides a full advisory/brokerage service to their clients which are global institutions ranging from private equity, sovereign wealth funds, life insurance companies and pension schemes. They are based close to both the West End and City of London.
Actuary with qualified or Associate status. Cera is desirable but not essential.
Strong written and verbal communication skills with English as a strong business language as you will be required to explain complex deals across the phone.
· Ability to clearly explain complex statistics and technical details
At leae 1 years experience evaluating insurance and/or pension plans
· Advanced computer skills, including understanding databases, spreadsheets and statistical analysis software
· Strong attention to detail
· Self-starter – able to get on with a designated task without excessive supervision
· Strong organizational and planning skills
We welcome any questions you have regarding actuarial jobs, this actuarial role in particular or on any other actuary jobs. At GAAPS, we tailor our research to your needs and would be delighted to have a conversation about the future of your actuarial career.