Full job descriptionActuary - DB Pensions
Hybrid Working
Financial Services


Lorien’s leading Pensions and Investment client is looking for an experienced Actuary with strong expertise across pensions, life insurance and/or longevity reinsurance to support complex reinsurance administration, reconciliation and actuarial modelling activities.


The successful candidate will combine strong actuarial and commercial knowledge with hands-on experience of DB pension schemes, cashflow modelling and pension de-risking solutions. The role will also work closely with Technology and Data teams to enhance reinsurance systems, data processes and controls.


The Ideal candidate has strong hands-on experience working with DB Pension Schemes, and Cash Flow Modelling.


This role is working in a Hyrid Model of 2 days a week at a local site.
This role will be Via Umbrella.


Key Responsibilities
*Complete detailed reinsurance reconciliations, ensuring administration aligns with underlying treaty terms.
*Reconcile inception data, claims and premium projections, movements and lump-sum settlements.
*Assess and implement reconciliation impacts on collateral calculations and produce clear management reporting.
*Design and maintain sophisticated Excel cashflow models covering premiums, claims, lump sums and collateral valuations.
*Ensure historic actuarial basis reviews have been implemented accurately.
*Act as a key escalation point for dispute resolution, investigating issues and facilitating timely outcomes.
*Establish robust modelling processes, documentation, audit trails and version controls to support governance and risk management.
*Work with Technology, Data and Architecture teams to design and develop centralised reinsurance treaty administration capabilities.
*Configure, test and validate reinsurance arrangements, including calculations, cashflows, collateral mechanics and contractual benefits.
*Develop and test end-to-end data feeds, ensuring data accuracy, completeness and auditability.


Experience & Skills
*5+ years’ experience within pensions, life insurance and/or longevity reinsurance.
*Extensive experience completing reinsurance reconciliations.
*In-depth knowledge of Defined Benefit (DB) pension schemes and interpretation of scheme rules.
*Strong knowledge of benefit calculations including GMP, revaluation, increases in payment and early/late retirement adjustments.
*Strong experience building actuarial cashflow projection models in Excel.
*Good understanding of reinsurance treaties, premiums, claims and collateral calculations.
*Strong analytical, reconciliation and problem-solving capability.
*Ability to communicate complex actuarial issues clearly to both technical and non-technical stakeholders.
*Experience working with Technology/Data teams on systems, data feeds, testing or reinsurance administration solutions.
*Commercial knowledge of pension de-risking products, including bulk annuities and longevity swaps, is highly desirable.






IND_PC3
Guidant, Carbon60, Lorien & SRG - The Vertage Group Portfolio are acting as an Employment Business in relation to this vacancy.