Permanent Ref No: 1485419 Qualification: Nearly / Newly Qualified, Part Qualified
The Role

As an Actuarial Associate, you will support key projects and will lead on business-as-usual technical issues such as investigation and sign-off of corrections that arise on customer policies. You will carry out and lead actuarial analysis, produce reports, make recommendations for change, sign off actuarial bases (subject to limits) and ensure correct implementation into systems.
  • Support mainframe migrations and changes, in particular specifying, testing and signing off the calculations to be migrated to new systems.
  • Ensure policy administration illustration systems are updated as necessary.
  • Provide actuarial support to business projects (e.g. regulatory projects, calculation changes) including defining and signing off (where appropriate) calculation requirements and testing.
  • Provide actuarial expertise and sign-off for administration system or customer service-related escalations – provide product expertise, sign off bases to be used to determine customer redress, resolve issues and queries that arise.
  • Provide actuarial expertise and sign-off for one-off corrections that arise within Customer Services.
  • Advise on changes arising from technical actuarial standards and regulatory/principal changes and ensure the implementation of changes.
  • Sign off technical and calculations aspects of customer communications – for example, annual statements, member illustrations.
Key skills/knowledge:
  • Degree in Actuarial/Mathematics or similar numerate subject.
  • Associate of the Institute and Faculty of Actuaries.
  • In-depth experience with at least four Actuarial exams passed or relevant experience with more than seven actuarial exams passed from the IFOA Core Principle & Core Practice exams.
  • Excellent knowledge of Excel and other systems.
  • Excellent analytical ability.
  • Ability to support an actuarial project from conception to completion.
  • Report writing skills.
  • In-depth knowledge of a range of life assurance and pensions product types and charges.
  • Working to project deadlines and in a multi-disciplinary environment (e.g., customer service, IT, Compliance).

Please contact [email protected] or 016099409 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
Tagged as: Life Insurance
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