Brookfield Asset Management Inc.
Senior Associate, Reinsurance Actuary
Location
London - One Canada Square, Level 26
Business - Wealth Solutions
Brookfield Wealth Solutions (“BWS”; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance
Brookfield Culture
Brookfield has a unique and dynamic culture. We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader: Entrepreneurial, Collaborative and Disciplined. Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.
Job Description
Responsibilities:
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Reinsurance models: Analyse and run reinsurance models to generate fees for flow treaties, including formatting data and benefits into the required reinsurer formats
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Reinsurance information: Coordinate and send the necessary data, models, and aggregate pricing information and pipeline information to reinsurers.
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Reinsurance tenders: Running tenders for large new business deals (>500m), liaising with reinsurers on new business opportunities and structuring contracts for new deals
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Reinsurance relationships: Maintaining reinsurer relationship with BAC UK’s flow partners alongside other reinsurers on BAC UK’s approved counterparty panel.
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Checking risk limits and compliance with matching adjustment requirements: Monitor and check risk limits and matching adjustment eligibility for reinsurance treaties.
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Operational onboarding of reinsurance: Including setting up collateral structures and monitoring of ongoing operational requirements.
Required Skills and Experience:
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Qualified actuary with 3-8 years of experience.
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At least 1 year of experience of reinsurance longevity swap pricing.
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Longevity reinsurance sector experience, ideally through an insurer or reinsurer but will consider through a consultancy route
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Knowledge of UK pensions/bulk annuities.
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Excellent critical thinking and analytical skills, with the ability to collect, organize, analyse, and disseminate information with attention to detail and accuracy.
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Ability to multi-task, prioritize deliverables, and work well under pressure and deadlines.
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Possesses high professional standards and exemplifies exceptional integrity and credibility with strong relationship management skills.
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Works well in a team-based environment.
Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence or harassment.
We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.
Top Skills
Brookfield Asset Management Inc. London, England Office
One Canada Square, Level 25, London, United Kingdom, E14 5AA
