Reinsurance Actuary

**Who are we?**:
Wakam is a European B2B2C insurer that designs white label insurance products for its partners (e-retailers, brokers and fintechs/insurtechs, etc.). Our insurance products are embedded in the products or services offered to the end-customer.

We operate in 32 European countries with the majority of our turnover generated outside France.

We provide most of our products through API, and hosts white label insurance solutions via our Play&Plug technology platform.
- **The Mission**

Wakam, the most modern, innovative, and disruptive insurance company whose reinsurance is at the heart of its business model, is seeking an reinsurance actuary to join its Reinsurance department. In our growing context, you will be in the spotlight through the optimisation of the use of reinsurance which is essential to Wakam model sustainability.

Directly reporting to the Chief of Reinsurance, you will be specifically responsible for:
**Optimizing the group reinsurance structures**
- Refining the group reinsurance structure blending risk modelling and capital optimisation considerations under risk appetite et regulatory constraint.
- Monitoring the reinsurance performance in various processes (budgeting, closure), provide analysis explaining the main observed discrepancies and feedback the reinsurance structures and the next year budget with appropriated evolutions.

**Supporting reinsurance negotiation**
- Building-up and leverage a strong relationship with Brokers' and Reinsurers' actuaries to enable in-depth technical negotiation during the reinsurance placement.
- Preparing the renewal submission packs and derive analysis that support negotiation in order to achieve the renewal targets.
- Providing regular treaty performance monitoring through one-one meeting and/or global webinar to the reinsurers, supported by detailed information gathered from a nurture relationship with the underwriting team.

***:
**✯**The Profile we are looking at**:
**Qualifications & skills**:

- Graduate actuary or equivalent with a master's degree specialized in applied mathematics, statistics, and/or actuarial sciences
- Several' years of experience with in-depth skills in outward reinsurance, solvency 2 or capital management, gained within insurance/reinsurance companies, brokerage, consulting firms
- Good understanding of reinsurance mechanisms or keen to specialize in the Reinsurance area
- Strong relationships skills and ability to interact with various stakeholders, whether external (reinsurers, brokers), or internal (underwriting team, finance, capital, etc.)
- Strong appetite for handling and processing data
- Proficient with Excel Essential, basic programming skills in R, Python, SAS
- Proficiency in English in a professional context (reading, writing, speaking)

**Your working mindset**:

- Ability to step back, high level of autonomy, and strong proactivity to understand our atypical business model, search for the right information, and deduce relevant analyses
- Appreciation of teamwork and project mode in a cross-functional environment
- Organization, rigor, and precision
- Curiosity and strong analytical and synthesis skills

**_ Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth_**
- You have the Wakam mindset? Join us_

**More about us**:
**Our culture? **_Free to impact_**. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you

Discover -on our website
- who we really are with the 11 cultural markers that so well describe us

**What we are looking for**:
Mindset compatibility with our 'Free to Impact' culture:

- Think big
- Biased for action
- Curious and eager to learn
- Can say no and find solutions
- Aims for the moon (but please don't stick on the moon)

And above all: have fun working together
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**Good to know**:

- Wakam is not based on a hierarchy but on a methodology where everyone finds his role and knows his objectives.
- With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company.
- Every last Friday of the month, it's Free.day at Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities (because we are curious, I remind you).
- Full-remote is a reality at Wakam (there is even one Wakamee who works from his sailing boat ) Last but not least : we are nice and we have fun (you'll find out by yourself
- )

**_ At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter._