Reinsurance Lead Actuary (Hybrid)
*At Securian Financial the internal position title is Actuarial Sr Con or Actuarial Consultant. The title and salary will be determined based on experience and applied skills.*
Company Overview
We are a leading insurance and reinsurance company committed to excellence and innovation. Our mission is to provide our clients with unparalleled service and comprehensive solutions. We are seeking a highly skilled and experienced Reinsurance Lead Actuary to join our esteemed team.
Position Summary
The Reinsurance Lead Actuary is responsible for structuring and executing on reinsurance opportunities within Securian, with a focus on affiliated offshore reinsurance transactions. The position oversees the development of pricing for reinsurance transactions and actuarial implementation of reinsurance transactions and solutions, which can include the setup and launch of affiliated reinsurers. The Reinsurance Lead Actuary collaborates with external service providers, engages with regulatory bodies, and ensures robust risk management and governance for successful reinsurance strategy development and execution. We intend to build out a team in Bermuda and there may be an opportunity to relocate in the future.
Responsibilities:
Reinsurance Strategy: Oversee the execution and structuring of ceded reinsurance strategies at Securian with a focus on affiliated offshore reinsurance.
Lead Actuarial Functions: Oversee all actuarial functions essential for the successful execution of identified reinsurance opportunities, including valuation, IT integration, reporting, pricing and more.
Reporting Management: Direct teams responsible for buildout and run of all reporting related to actuarial, pricing, and solvency matters under applicable regulatory bases (e.g., Bermuda EBS/SFS, US GAAP). This includes management reporting related to actuarial, pricing and solvency.
Transaction Support: Support the pricing and structuring of ceded reinsurance transactions, ensuring alignment with company strategy and objectives.
Operational Leadership: Liaise across data, assumption setting, underwriting, pricing, valuation, and solvency functions, along with all supporting teams and operations.
External Engagement: Lead the management of relationships with external service providers, ensuring the integration of necessary technology and capabilities to support the evaluation and execution of reinsurance strategies.
Team Development: Manage and develop the actuarial team and lead appropriate management committees.
Monitoring and Stakeholder Communication: Track progress, manage risks, and keep key stakeholders informed about the status and expected outcomes.
Regulatory Liaison: Serve as a liaison with regulatory or legal bodies on all actuarial and pricing matters, including securing required approvals.
Risk Management: Maintain a strong risk and control framework, ensuring robust actuarial governance and oversight of model risk management.
Qualifications:
Fellowship in a recognized actuarial body (e.g., SOA, CAS, IFoA).
10+ years of experience in the actuarial field, with a focus on insurance and reinsurance.
Experience designing and executing on various onshore and offshore reinsurance strategies
Strong knowledge of regulatory requirements, including Bermuda EBS and US GAAP.
Proven leadership and team management skills.
Excellent communication and interpersonal skills.
Ability to work collaboratively with internal and external stakeholders.
High level of analytical and problem-solving skills.
Need to be comfortable with quarterly international business travel
#LI-hybrid **This position will be in a hybrid working arrangement.**
Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you’re in a commutable distance (90 minutes), you’ll join us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.
The estimated base pay range for this job is:
Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.
Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job – it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:
Paid time off:
We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what’s important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian.
Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
Holidays: Securian provides nine company paid holidays.
Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.
Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.
Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.
Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:
Mental Wellness and Disability
Pride at Securian Financial
Securian Young Professionals Network
Securian Multicultural Network
Securian Women and Allies Network
Servicemember Associate Resource Group
For more information regarding Securian’s benefits, please review our Benefits page.
This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.
Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).
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