Drive reinsurance strategy for life and protection products at Lloyds Banking Group. Shape innovative solutions, collaborate across teams, and manage relationships in a hybrid role.
Responsibilities
Shape and deliver the reinsurance strategy for life and protection propositions
Partner with product and pricing teams to embed reinsurance considerations into proposition design and development
Identify opportunities to innovate through reinsurance structures that enhance customer value and business performance
Act as the key liaison with reinsurers, building strong partnerships to secure competitive terms and foster collaboration
Drive negotiations on treaty renewals, pricing, and terms to ensure sustainable arrangements
Apply actuarial insight to assess risk, pricing, and financial impact of reinsurance structures
Analyse performance of reinsurance arrangements and provide actionable recommendations to senior stakeholders
Ensure all reinsurance arrangements comply with regulatory requirements and internal risk frameworks
Maintain robust documentation and reporting for governance and audit purposes
Requirements
Proven experience in reinsurance relationship (or similar) management within life insurance or protection markets
Strong actuarial background with expertise in risk modelling and financial analysis
Ability to influence proposition design and collaborate across pricing, product, and commercial teams
Excellent negotiation and stakeholder management skills
Knowledge of protection pricing and product development (desirable)
Familiarity with UK regulatory environment and Solvency II requirements (desirable)
Strong analytical and problem-solving skills with attention to detail (desirable)
Qualified actuary (FIA or equivalent) preferred
Degree in Actuarial Science, Mathematics, Finance, or related discipline
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