Job Description

Our client, an insurance company is looking for an Actuary to strengthen the Reinsurance & Catastrophe Management Travel department. He/she will be in charge of the scope of Reinsurance and Catastrophe Management. This diverse range of topics is handled by a dedicated team, involving collaboration with a wide range of other functions. Initial focus will be on the Travel line of business. The topics will range from administrative/process to technical analysis to negotiation/coordination/presentation.

The Actuary will be responsible for:

• Developing and implementing a state of the art reinsurance framework for our global Travel portfolio in order to protect and optimise our P&L and facilitate business growth.
• Creating and executing opportunities to automate.
• Contributing to the design and structuring of innovative business deals utilizing reinsurance features, such as fronting, captives, stop loss, risk sharing, and special cessions.
• Ensuring efficient and timely execution of deals.
• Supporting, enhancing, and challenging processes from data delivery to reinsurance design and execution.
• Managing financial/solvency optimization initiatives, providing technical input, coordinating, and overseeing project management.
• Analyzing, designing, and executing new approaches to enhance the maturity of catastrophe management, including modeling, monitoring/appetites, and pricing.
• Providing proactive input on reinsurance perspectives for relevant projects.
• Assessing targets for Reinsurance purposes, including Due Diligence reporting (i.e., tax, legal, regulatory compliance, etc.).
• Making contributions on both the Travel Line of Business (LoB) side and generally for the Reinsurance function.
• Collaborating with pricing, data analytics, governance, data, and business/sales functions to enhance maturity and support business.
• Conducting audits/reviews, managing reviews, and addressing all findings in a timely manner.

Profile

• Minimum Bachelor’s degree, ideally Master’s. Preferably in Business/Finance, Mathematics/Statistics or Engineering.
• Ideally an actuarial qualification.
• Detailed understanding and knowledge of best practices and trends in reinsurance.
• Significant experience in the (re)insurance
• Quantitative technical analysis skills required.
• Experience managing multiple cross-functional senior stakeholders.
• Multi-country, multi-cultural reinsurance exposure preferred.
• Strong IT user skills, very good user knowledge of Microsoft (Excel, Word, PowerPoint)
• Fluency in English.