Arc Vermeil is an international recruitment firm specialized in placement of executives and managers in the financial services Industry. Our agengy had been mandated on the following job
About the Role
We are looking to hire a Senior Life & Health (individual protection) reinsurance professional in Paris, Dublin or London to join our Global Underwriting and Pricing Team. This is a team that works closely with all regional pricing units and sits at the center of a growing Life & Health business with international responsibility for all lines of L&H business (excl. US health business).
The role provides the opportunity for exposure to a variety of long term and short term protection products. The geographic focus will be on the French and UK/Ireland markets, however there is exposure to all markets as we look to develop and promote underwriting best practices.
You will be expected to make a significant contribution to the enhancement of our company’s L&H best practice underwriting processes/propositions and contributing to global R&D to support the ambitious growth plans. You will play a pivotal role as a link between our EMELA business, the centralized functions and our company L&H leadership.
About the role
As part of a global team you will be a key person in helping shape and grow the EMELA business through overseeing and improving the end-to-end underwriting of key transactions with the team. These markets are a strategic priority and provide an opportunity to be at the heart of the action.
In more detail your responsibilities will include:
Developing a high profile through close collaboration within the EMELA business and establishing regular contact with key stakeholders and decision makers
Challenging the underwriting of risk within the EMELA markets
Ensuring the consistency of pricing methodologies, group level assumptions and standards
Reviewing complex and unusual deals, providing an opinion on whether we are suitably rewarded for the risk
Sharing of best practice for pricing and product development across the regions
Supporting/driving research and development to enhance the pricing and underwriting infrastructure
By working closely with the Chief Pricing Actuary and other team members, you will be part of a centralized team of experienced industry professionals ensuring the L&H business grows in a profitable and controlled way.
You are a qualified Senior Pricing Actuary with at least 10 years of L&H (re-)insurance underwriting or pricing experience and a proven track record in individual life protection.
You have the skills, competence, and mindset to enable you to add value in areas outside your immediate area of expertise, and a deep knowledge of L&H products, distribution and/or reinsurance structures.
As a technically excellent individual you will have the ability to be pragmatic and demonstrate commercial sense, you have the desire to experience new and challenging areas. Moreover, you are fully proficient in both French and English (verbal and written).
You enjoy collaborating with your colleagues as well as working on your own. Your preference is to be part of an international and multicultural environment, handling diverse tasks, yet always ready to serve the team and meet the business needs.
In addition, you ideally have/are:
A deep understanding of the French insurance market, notably about insurance products in individual life protection, and social security system
Experience in the broader UKI market, and exposure to other international markets
Proven ability to build strong relationships across a matrix organization
Longevity experience, ideally in the UKI
Recognized expert in the distribution, underwriting, pricing and/or risk assessment of L&H products
A strong understanding of the factors that influence profitability
The ability to advise on underwriting of deals where there are limited data available or new underlying risks
Experience of actuarial projections systems (e.g. AXIS) or statistical software (e.g. R)
Additional language skills would be an advantage