Junior actuarial trainee with up to 18 months experience required for this role. The successful candidate will be responsible for assisting in all aspects of product development including model building, profitability analysis, setting premium rates, assessing Solvency II capital requirements, experience analysis and reviewing product documentation.
SUMMARY OF KEY RESPONSIBILITIES
•Support the development of new products and modification of existing products. This includes defining product features and setting prices which achieve the target metrics.
•Contribute to the production of pricing papers ensuring sufficient levels of detail on target market, sales volumes, methodology, assumptions, profitability, risks and mitigation techniques in order to enable senior management to make fully informed decisions.
•Develop, improve and maintain pricing models for product development purposes.
•Support the successful implementation of new product developments into the company’s systems and assist in the testing.
•Support the day to day monitoring of all existing products. This includes monitoring of key economic factors, claims experience and business volumes.
•Collaborate with all Company departments in management of the actuarial control cycle; review, analyse, develop and recommend modifications to data, methodologies and assumptions
SUMMARY OF ROLE COMPETENCIES
•Strong analytical and problem solving skills and ability to develop solutions
•Ability to apply actuarial techniques to practical business situations
•Desire to build and maintain internal and external business relationships
•Excellent interpersonal and communication skills
•Highly motivated with the ability to identify and introduce new initiatives
•Energy, drive & commitment to deliver excellent service to all areas of this growing business
•Ability to meet deadlines and to be a good team player
•Sense of risk and control
KEY OCCUPATIONAL REQUIREMENTS
•An actuarial graduate or part-qualified actuary
•Strong MS Office and actuarial modelling software skills (Prophet and DCS would be an advantage)
•Awareness of general European business environment is beneficial
Please contact Paul at [email protected] or 016099404 for further information.
Acumen Resources specialises in the recruitment of the following professionals:
Chief Actuary | Head of Actuarial Function | Actuarial Director | Actuarial Function Holder | CRO | CFO | Actuarial Manager | Valuations Actuary | Product Development Actuary | Pricing & Reserving Actuary | Solvency II Actuary | Life Insurance Actuary | General Insurance Actuary | Non Life Actuary | Pensions Actuary | Investment Actuary | Capital Modelling Actuary | Capital Management Actuary | Risk Management Actuary | Enterprise Risk Management Actuary | Newly & Nearly Qualified Actuary| Part Qualified Actuary | Trainee Actuary| Actuarial Trainee | Student Actuary | Actuarial Graduate
