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Life Health Head of Pricing and Research

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conduct business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of more than 40 offices, we have earned superior financial strength ratings from each of the major rating agencies.

General Reinsurance, London Branch (a subsidiary of General Reinsurance AG) is offering an excellent opportunity for a Head of Pricing and Research in our London Office.

Your Role

This role heads up the Pricing and Research team. The team is responsible for the pricing and management of reinsurance business for Gen Re’s Life and Health operations in London, as well as conducting wider research to support client and strategic initiatives. The successful candidate has overall responsibility for the management and development of the team.

Gen Re Life Health’s London office has a flat structure, which requires considerable cross-functional interaction and cooperation with colleagues to ensure that client needs, and expectations can be met. The role requires someone who can work collaboratively with clients and colleagues alike and build relationships to the benefit of the business.

We are looking for someone who would be responsible and accountable for the pricing and delivery of reinsurance offers and is distinct from that of the Regional Chief Actuary, who is responsible for setting the underlying technical bases.

The successful candidate for this role will be a Fellow of the Institute and Faculty of Actuaries or have an equivalent international qualification. The candidate will also have at least 5 years of relevant post-qualification work experience.

Key Responsibilities

Oversight and prioritisation of key pricing team deliverables including:

  • Managing career development, training requirements and performance reviews
  • Day to day people management
  • Review of basis setting and obtaining relevant sign off of quotations.
  • Responsibility for maintaining relevant experience analysis and rate production tools.
  • Undertaking research to set general pricing bases (Terms of Trade).
  • Giving risk management input to product and process design.
  • Enhancing Gen Re UK’s use of data and analytics to drive insight
  • Supporting the development of direct reports
  • Contributing to setting strategy and supporting wider management initiatives for Gen Re UK
  • Supporting marketing initiatives through client interaction, giving presentations at seminars, and writing technical articles.
  • Occasional support for other Gen Re offices

Your Profile

  • At least 5 years’ post-qualification experience in an insurance or reinsurance environment in roles involving pricing, product development product and/or protection insurance.
  • Excellent risk management and commercial awareness
  • Excellent skills in statistical and financial modelling
  • Proficient user of MS Excel.
  • Proficient user of statistical software such a R or similar.
  • Strong numerical and analytical skills.
  • Strong interpersonal skills with an ability to work effectively as part of and lead a team, deal with people at all levels and in all areas of the business and engage with clients.
  • Decisive and able to apply sound judgement.
  • Proactive and able to overcome technical obstacles through creative thinking.
  • Interpersonal and leadership skills, demonstrating an ability to motivate and lead teams.
  • Ability to prioritise and meet deadlines, while remaining flexible to deal with changing work demands.
  • Strong communication skills including verbal and written skills including the ability to summarise complex information clearly and concisely.

Does this sound exciting?

Please submit your CV together with details of your salary expectations and in your cover letter please let us know what interests you about the role and why you think you would be right for the position. Submissions should be sent to careerslondon@genre.com and labelled with the title “Head of Pricing and Research Vacancy”

Closing date: 28 February 2021

Please note only successful applicants will be contacted.

Contact

Human Resources
careerslondon@genre.com

Our Address

Corn Exchange
55 Mark Lane
London, EC3R 7NE (UK)

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