• Permanent
  • Ireland
  • Ref No: J6467
  • Qualification: Part Qualified

DUTIES AND RESPONSIBILITIES

Quarterly/Annual Solvency 2 Reporting
• Generate and check the model points;
• Update the assumptions feeding into the Prophet model and include reasonability checks on assumptions.
• Run the quarterly BEL calculation in prophet;
• Complete all outside prophet calculations for overall SCR including CAT, counterparty default, etc;
• Perform reasonability checks on results;
• Deliver calculation on time through reporting channels;
• Carry out Analysis of Change on BEL and SCR calculation;
• Calculate Risk margin and LACDT;
• Perform Sensitivity runs twice yearly;
• Provide commentaries on results as required by Management, Risk Management Function, other stakeholders.

Solvency II qualitative reporting templates (QRTs):
• Gather relevant information for quarterly and annual QRTs;
• Deliver QRTs on time through reporting channels.

Budget:
• Review inputs from counterparties (future expected premiums/number of contracts);
• Produce Budget Results in Prophet;
• Deliver calculation on time through reporting channels;
• Review results first independently, then with Reserving Team;
• Contribute to commentaries and presentation of results.

ORSA:
• Use budget information provided to calculate prospective SCR in prophet for ORSA for Central Scenario;
• Amend Prophet tables and model points, as required, to run ORSA stress scenarios;
• Complete all outside prophet calculations for completion of overall SCR;
• Perform reasonability checks and other analysis on results;
• Deliver calculation on time through reporting channels;
• Participate in writing ORSA reports and presentations.

New Business Point of Sale:
• Generate and check the model points for new business point of sale.
• Update the assumptions feeding into the Prophet model and include reasonability checks on assumptions.
• Run the annual New Business Point of Sale calculation in prophet.
• Perform reasonability checks on results.
• Carry out Analysis of Change on New Business Point of Sale.
• Provide quarterly estimates for New Business Point of Sale to Group taking into account assumption updates throughout the year.

Annual Studies
• Persistency experience study (Lapse/surrender rates review);
• Model point aggregation study;
• Roll forward analysis;
• Reinsurance studies;
• Risk Margin study;
• Ad Hoc studies performed during the year for actuarial department (capital optimization initiatives, other);
• Participate to annual update of the Reserving policy document (all demographic and expense assumptions).

General
• Attending Technical meetings led by group and reporting back outcome of meetings;
• Keep up to date model documentation, procedures and processes on work performed;
• Answer questions and provide information to audit and external reviewers, including Actuarial Function Holder and Central Bank of Ireland.

Qualification:
• Actuarial degree

Experience:
• Minimum of 2-3 years professional experience;
• Experience in Solvency II reporting;
• Prophet and SAS expertise is necessary for this role;
• Experience working with Microsoft packages, particularly Excel, a necessity;
• Experience in Database Management an advantage;
• Experience working with Actuarial models and knowledge of Modelling Best Practice an advantage;
• Experience in Project Management an advantage.

For further information please contact [email protected] or +35316099409.

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Tagged as: General Insurance, Life Insurance, Systems

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