Principal Structuring Actuary (Reinsurance & BPA)

The Actuary; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading UK life insurer is seeking a Principal Reinsurance Structuring Actuary to significantly influence funded reinsurance execution in a growing BPA franchise. This position offers an opportunity for strategic exposure and long-term career development, working with a highly experienced team on impactful transactions. Applicants should possess strong BPA or reinsurance structuring experience, a solid understanding of annuity reinsurance, and legal documentation. Competitive compensation with a market-leading bonus structure is available.

Qualifications

• Proven experience in BPA or reinsurance structuring.
• Strong understanding of legal documentation and contract negotiation.
• Experience in the UK market with relevant context.

Responsibilities

• Lead execution of funded reinsurance arrangements.
• Shape reinsurance frameworks and support counterparty approvals.
• Take ownership of legal documentation.

Skills

Experience in the BPA market

Strong understanding of annuity reinsurance

Solid exposure to legal documentation

Inquisitive mindset

Education

Qualified actuary and/or CFA

Job description

• A leading UK life insurer is looking to hire a Principal Reinsurance Structuring Actuary to take a core role in shaping funded reinsurance execution across a major BPA franchise.

  This is a standout opportunity for someone with BPA or reinsurance structuring experience who wants to step into a more strategic, buy‑side environment with long‑term career growth. The position sits in a highly experienced team with access to a significant balance sheet, offering the chance to work on high‑impact transactions without the deal‑to‑deal pressures found on the reinsurance side.

  The role

  The Senior Structuring Manager will help lead the execution of funded reinsurance arrangements and longevity swap novations, working closely with BPA Deals, CIO, Finance, Risk, Tax and Reinsurance Operations. The remit includes shaping reinsurance frameworks, supporting counterparty approvals, and taking ownership of legal documentation – an area where actuarial expertise combined with contract fluency is particularly valued.

  Why this could be the right step

• Opportunity to work on the buy side, with a substantial annuity balance sheet behind you
• Broader and more strategic exposure than the transaction‑to‑transaction nature of reinsurance
• Ability to influence outcomes across the full BPA chain, not just the reinsurance component
• Highly experienced leadership offering strong career development and long‑term stability
• Interesting, intellectually demanding work involving structuring, legal documents, and cross‑functional engagement

What's needed

• Experience in the BPA market or reinsurance structuring
• Strong understanding of annuity reinsurance, risk transfer or DB pensions
• Solid exposure to legal documentation and contract negotiation
• UK market experience
• Inquisitive mindset – someone who probes and asks the right questions
• Qualified actuary and/or CFA preferred but not essential
• Market leading bonus on offer for a high performing individual
• If you'd like to explore this opportunity or have an informal chat, feel free to reach out:
  

  Bradley Grant - Senior Executive Consultant

  [e-mail]