Reporting to Chief Risk Officer, the role will be responsible for managing the team of trainee and qualified actuaries in the Risk Capital Management function with key responsibilities being;
Oversee the capital team’s population, construction, running and maintenance of the Short Term Economic Capital (STEC) across the company. Report and present the results of the regular STEC exercises to Group Risk Management and relevant Risk or Capital Committees.
Oversee the completion of relevant identified sections of Pillar 3 reporting, e.g. SFCR, RSR, QRTs, local specific templates, and Group reporting.
Assist in the independent reserve reviews to provide a second opinion / challenge on reserve level recommendations proposed by Head of Actuarial Function for accounting and Solvency II technical provisions, taking into account business trends, external market considerations, regulatory and accounting standards and internal risk appetite.
Manage the co-ordination, organisation and maintenance of business processes requiring capital / 2nd line reserving input not limited to but including: Strategic Planning, Accounting team and Regulatory reporting, Reinsurance, ORSA, Economic performance target setting, and stress & scenario testing.
Assist in the preparation and presentation of materials for Risk or Capital Committees.
• Recently qualified as a fellow of the Institute of Actuaries or equivalent;
• Understand financial reporting standards applicable to General Insurance
• Excellent written and oral communication skills
• Displays ownership and accountability for ensuring work is carried out to high standards
• Effectively contribute to team co-operation, trust & morale.
Please contact [email protected] or 016099404 for further information.
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