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Associate Actuary, US Life
2 weeks ago
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
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Job DescriptionPartner Re is looking to grow their US Life business and expand their mortality pricing capabilities. This is a unique position whereby the Associate Actuary will have the opportunity to assist in the development of improved pricing capabilities for a relatively new entrant to the US Life Reinsurance business.
The successful applicant will support the Pricing team to prepare quotes for clients' reinsurance requests. The incumbent will primarily be responsible for analyzing quote material, setting assumptions, and providing input to support business decisions regarding potential opportunities. Given this is a small team, the incumbent will also ensure modeling is sufficient and assist in assumption research and development based on other priorities. As the portfolio grows, the incumbent will review experience of inforce treaties to ensure the business is performing as expected.
Accountabilities:
- Accountable for the pricing best estimate and all assumptions leading to its derivation for quote opportunities.
- Support assumption development and product pricing strategies for Pricing team.
- Determine the level of complexity needed for modeling and work with the modeler to ensure input and output meet the needs of the opportunity.
- Ensure that models meet corporate guidelines, reflect best practices, and are updated for regulatory changes (e.g., USGAAP LDTI and PBR)
- Create and maintain documentation of pricing materials to support internal peer review, internal approval, and finalize for future audit requests.
- Interact with clients as appropriate to gather information and support pricing exercise.
- Strong technical and analytical skills.
- Strong organizational skills, ability to prioritize and multi-task.
- A self-starter who can work in an open, collaborative environment with a diverse team of financial professionals.
- Demonstrated ability to promote effective teamwork and accountability.
- Strong work ethic and a desire to succeed.
- Solid verbal and written communication skills.
Qualifications:
- US Life insurance experience required.
- Deep knowledge of life pricing and/or product development required.
- FSA or experienced ASA required.
- Solid knowledge of GGY AXIS software (or comparable actuarial modeling system) is required.
- Proficiency in Microsoft Office Suite, Advanced Excel.
- Knowledge of other programs such as R, SQL, Tableau, Python, is a plus.
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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
