Our client has a large and very diverse Life and Health balance sheet, and when coupled with a collaborative management philosophy, they offer a unique and attractive working environment. Consequently, they place a strong focus in their recruitment on attracting rounded and exceptional talent with potential.
They recognise that the skills and expertise of their employees is core to the success of their Company. They take a long-term view on development, placing emphasis on challenging their employees to realise their ambitions within a supportive team environment. They have a strong track record of providing opportunities for career progression, both locally and internationally.
They are seeking to recruit a Portfolio Actuary to provide oversight of the Inforce Management of our Life & Health portfolio and to assume the associated Corporate Reporting responsibilities. The successful candidate will have a key role in working with senior management, both locally and within the Group.
This is a challenging role and an exciting opportunity with potential for growth. It requires a candidate with several years of Life (Re)insurance experience, a strong understanding of Life (Re)insurance risks, strong technical and influencing attributes, and excellent communication skills. The candidate should have an inquisitive and entrepreneurial type mind-set.
Inforce Management Responsibilities:
The Inforce Management responsibilities will primarily be twofold:
to provide oversight of the valuation of the L&H technical liabilities (e.g. in relation to assumption setting and valuation methodologies)
to ensure the management of the portfolio is sound and to contribute to optimising the economics of in-force business
Both aspects will involve identifying and effecting change as necessary.
Corporate Actuarial Responsibilities:
The responsibilities of the role will span all aspects of Corporate Actuarial Reporting and will include lead responsibilities in the following areas:
Solvency II Reporting:
o Actuarial Function Report
o Regular Supervisory Report (“RSR”)
o Solvency and Financial Condition Report (“SFCR”)
o Quantitative Reporting Templates
o Pillar III Variation Analysis
o Board reporting
o Liaising with external audit
o Project involvement as required
Education and Experience:
5+ years in Life or Reinsurance
University degree in Mathematics or Actuarial Science
Track record in developing and implementing solutions
Strong project management experience preferable
Exceptional technical skills
Strong verbal and written communication skills
o Ability to present solutions in a clear and concise manner
Highly organised and strong time management skills
o Ability to manage workload and competing priorities and deadlines
o Challenges current business practices and thinks outside the box
Highly analytical individual capable of forming supportable opinions and suggestions from detailed reviews
Dynamic self-starter with an innovative mind-set
Ability to challenge
For more information please contact Jenny at 016099409 or firstname.lastname@example.org.
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