The Head of Actuarial Function role is a highly critical and visible role to support Group Actuarial functions as described below.
• Head of Actuarial Function
o Management of Dublin based non-life Solvency II actuarial team including defining roles and responsibilities for the team;
o Presentations to the local Boards and Legal Entity Management teams
o Coordination of the Solvency II Technical Provisions on a quarterly basis;
o Member of the Legal Entity Management teams and reserving committees which will approve the TPs on a quarterly basis;
o Ensure continuous compliance with the Solvency II requirements regarding the calculation of the TPs, including appropriateness of the methodologies, models and assumptions used;
o Preparation of annual Actuarial Opinions on Technical Provisions (AOTP) and the annual Actuarial Reports on Technical Provisions (ARTP) to be presented at the same time as the AOTP to the Boards.
o Provide Actuarial Function Reports (AFR) on an annual basis to inform the Boards of the reliability and adequacy of the calculation of technical provisions and to express an opinion on the overall underwriting policy, the adequacy of reinsurance arrangements and the ORSA process.
o Support the production of the NL Underwriting Risk on a quarterly basis;
o Assure sufficiency, appropriateness, completeness and accuracy, of data used in the calculation of TPs;
o Engagement of Reviewing Actuary (RA) to perform an independent peer review of the TPs every 3 years;
o Working effectively with Risk and Finance teams to ensure successful delivery of required CBI deliverables;
o Other actuarial functions as needed to ensure successful delivery of actuarial CBI deliverables;
• Group Actuarial functions
o Support in peer analysis and independent quantification of Legal Entity loss reserves and to provide insight and transparency of reserve movements and trends on a quarterly basis
o Work closely with underwriters and pricing actuaries as needed to ensure deeper understanding of loss reserves
• Position to be based in Dublin
• Strong management and people skills including career development of team members
• Work effectively with Risk, Finance and Underwriting teams
• Effective verbal and written communication skills is essential, especially in relation to CBI, European Legal Entity Boards and Legal Entity Management teams;
• Strong work ethic, positive attitude and team player;
• Self-motivated with commitment to meeting deadlines.
Contact Paul at 016099404 or firstname.lastname@example.org for further details.
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 | Dublin | Ireland