(Multiple bases) Senior Valuations Actuary | Reinsurance | London

Multiple bases = UKGAAP, IFRS, German GAAP and Solvency II reporting bases
 
The Role:
The Corporate Actuarial and Risk Management department plays a leading role with key responsibilities in technical valuations, actuarial modelling, experience analysis and assumption setting, capital modelling and risk management.
 
This is a new role in the Valuations team within Corporate Actuarial. The Senior Valuation Actuary will help lead quarterly valuations of the UK business and provide timely, accurate and insightful analysis of the financial results to a range of stakeholders. The successful candidate will support the Head of Valuations to drive the business forward by challenging and improving established ways of working and nurturing junior colleagues. The role is also involved in regular project work; you will help develop the systems, tools and actuarial techniques to optimise the valuation process. The role will include line management responsibility for a small team of valuation analysts.
 
Critically, the role will require you to use your training, expertise and natural curiosity to identify, develop and implement solutions to address new and emerging challenges. To do this you will need to be resilient and flexible, able to apply your knowledge and skills to novel challenges in an evolving operating environment, and work with colleagues from diverse backgrounds across the business. 
 
Duties & Responsibilities:
 
Valuation and Reporting

• Produce the Company’s quarterly actuarial valuations for UKGAAP, IFRS, German GAAP and Solvency II reporting bases. Plan and manage the valuation process and deliver high quality results to agreed timelines.
• Supervise the preparation and running of models and validation of the output. Apply practical judgement to the management of challenges that arise in the valuation process.
• Compare the reserves to the forecast and understand the reasons for variance.
• Communicate the drivers of financial results for internal signoff, group reporting, regulators and other internal and external stakeholders.
• Ensure that reserving data, methodology, practices, models and assumptions are suitable and in-line with the relevant rules and principles. Consider the appropriateness of any simplifications applied in the calculations of the technical provisions and document the relevant bases.
• Work with colleagues in the Corporate Actuarial Analysis team to implement assumption changes into the valuation results and support other analysis work.
• Help deliver specific projects related to actuarial valuation and complete or delegate ad-hoc requests in a timely manner. 

Leadership and Management

• Support the Head of Valuations continue to build a high-performing team with the ability to fulfil the current and future needs of the business.
• Manage the performance and development of your direct reports; set smart objectives and provide them with regular constructive feedback.
• Support the effective execution of the role by developing strong working relationships across the Group, and with external stakeholders.
• Role model effective and professional working behaviours, and hold yourself and others accountable for delivery of work.
• Focus on the right things; actively manage your workload and identify and allocate resource to the right priorities. 

Qualifications Required:

• Qualified actuary, with at least 2 years post-qualification experience.

Please contact [email protected] or +35316099404 for further information.