Head of ST protection and US GAAP Consolidation - L&H

Company Description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:

Shape your own career

Grow in a supportive environment

Connect with a community of experts

Make an impact

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Job Description

The focus of this role is to take part in the management and monitoring of a large and strategic portfolio of short term product in L&H EMELA Reserving. The team is made up of 3 direct reports. Your responsibilities will include :

For Short term protection segments:

• Manage production of quarterly reserves on applicable bases (USGAAP, SII, VIF, …)
  • Preparation of supporting documentation (checks, control…) to validate work produced to line manager & auditors.
  • Annual preparation of the assumption review documentation (for Assumption and Model Change Committee and Group presentation)
  • Provide insight into observed experience, propose base and assumption changes where relevant and quantify financial impacts.
  • Ensure the development and enhancement of the Replife tool: Replife is a reserving tool that uses Non-life reserving techniques to derive the Best estimate reserves for the short-term business
  • Review existing process and improve operational efficiency of reportings
  • Preparation and sign-off of the Solvency II results including the shocks and Analysis of Change together with the GAAP / statutory accounting.
• US GAAP consolidation: quarterly US GAAP consolidation and preparation of management presentations
• Contribute to various cross-functional projects, topics and responsibilities across the team including French GAAP, US GAAP LDTI, tool development among others
• Coordinate with other team members to facilitate the consolidation

Qualifications

Working experience

• University degree in relevant field (Actuarial, Statistics, Engineering)
• Qualified actuary between 7 and 10 years of experience including 2 years of management responsibilities (including management of interns or apprentices).

Technical skills

• Knowledge in Non-Life Loss reserving triangles technics is a plus (Chain-ladder, Bornhuetter–Ferguson, Incurred Loss Ratio, etc…)
• Exposure to Solvency II
• Valuation / reserving and financial reporting experience would be beneficial with a focus on Life, Health and Protection products
• Knowledge R/VBA/PowerQuery coding language would be an advantage
• Reinsurance knowledge is an asset as well as US GAAP LDTI, French GAAP

Personal and communication skills

• Organized, able to work in a matrix structure
• Able to set and manage priorities
• Highly cooperative, flexible, and enthusiastic team-player
• Excellent verbal and written communication skills in English, French is an asset
• Keen to work with other cultures and able to think outside the box in a dynamic environment

Additional Information

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.

Thank you,

PartnerRe Hiring Team