Permanent Ref No: 1530345 Qualification: Qualified, Nearly / Newly Qualified
Our client is looking for a qualified Capital Actuary to work in the Capital Actuarial team on the production and methodology of the Solvency II Internal Capital Model and other related actuarial and capital management processes, to enable them to meet their requirements in these topics, including the internal governance rules, actuarial and accounting standards and regulatory expectations. You will perform complex actuarial, capital and performance analytic tasks as assigned with minimal direct supervision. The successful candidate will be delivering work to consistently high quality standards, including professional standards.
 
Your Role
As Capital Actuary, your responsibilities will include, but not necessarily be limited to, the following:
 
General
  • Perform complex analyses as assigned with minimal direct supervision including
  • Review and updates to internal model methodology, expert judgements & limitations
  • First line validation tasks, responses to independent validation findings and model change work
  • Production of capital results and scenarios, contribute to Profit and Loss Attribution
  • Demonstrate increasing knowledge of actuarial disciplines and procedures to be able to provide high class service to internal customers.
  • Support and participate in cross-functional discussions across Internal Model and other topics.
  • Collaborate with individuals and teams across the Group as necessary.
  • Effectively manage and develop relationships with senior colleagues within the company.
  • Assist more junior team members with standard actuarial, capital and performance analytic tasks.
Capital
  • Under general direction, manage the ongoing requirements for defined risk types of the Solvency II Internal Model, ensuring compliance with internal governance rules and regulatory expectations.
  • Manage the production and reporting of results for defined risk types of the Solvency II Internal Model, including reviewing results, providing briefings to management, preparing reporting templates and internal controls.
  • Reconciliation of inputs, parameters, and outputs of the production runs for defined risk types of the Solvency II Internal Model.
  • Perform first line validation work, support model change and independent validation activities.
  • Support the annual model recalibration and parameter reviews.
  • Provide input and support to Solvency II compliance including the ORSA, AFR, RSR, SFCR, Profit and Loss Attribution report, QRTs and other relevant regulatory reporting.
  • Further develop and enhance processes, methods, documentation, and technical tools.
  • Assist the Finance, Capital, Reinsurance, Risk and Investment teams on an ad-hoc basis.
  • Contribute to actuarial and capital management tasks such as SCR scenarios, SCR monitoring, reinsurance renewals and portfolio transfers.
  • Undertake projects as agreed with the Head of Capital Actuarial.
Your Skills & Experience Required
  • Nearly or Newly Qualified actuary
  • Several years of actuarial experience, preferably non-life.
  • Experience in multiple functions strongly preferred.
Knowledge
  • Intermediate knowledge of actuarial professional guidance and relevant legislation.
  • Intermediate knowledge of finance and accounting practices, financial analysis, SII capital models (Internal Model and/or Standard Formula) and regulatory reporting; ability to apply this knowledge appropriately to diverse situations.
  • Intermediate knowledge of the insurance industry's trends, directions, major issues, regulatory considerations, and trendsetters.
  • Intermediate knowledge, insight, and understanding of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.
  • Intermediate knowledge of practices and policies governing disclosure of information about the organization, its business activities, and employees; ability to apply this knowledge appropriately to diverse situations.
Please contact [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
Tagged as: General Insurance
Upload your CV/resume or any other relevant file.
Total max. file size: 5 MB.
I accept Acumen Resources Privacy Policy