Reporting, Modelling, Reinsurance

Key Tasks:
 
Production of Actuarial Results and Reports, Maintenance of Actuarial Models

• Reviews and provides calculations of the reserves under different regimes, analysis of surplus, economic value, new business profit, solvency and business plan forecasts of the company on a regular basis
• Reviews, checks, consolidates and prepares both calculations and reports to meet regulatory and corporate requirements, as requested by the Head of Actuarial Function, CFO, senior management, Board, regulators or auditors
• Drafts recommendations and advice (for review by your manager) to the Board, Head of Actuarial Function, CFO, management, and Group, that enable business decisions to be made, and ultimately help the Company reach its targets
• Participates in technical committees to ensure appropriate governance of model and assumption changes
• Identifies risks and shortcomings via analysis and develops or recommends solutions or contingency plans where necessary
• Cooperates closely with the Head of Actuarial Function with respect to deliverables, production of reports and identification of shortcomings and develops process improvements, and works collaboratively with Finance and Operational colleagues to resolve issues
• Maintains and reviews actuarial models and identifies shortcomings for possible development
• Liaises with external auditors and manage actuarial audit process
• Liaises with Finance and Accounting colleagues in the preparation of financial statements and management information
• Explains reports via communication whether written, verbal or presentational.

Office Experience Analysis & Actuarial Assumptions

• Conducts investigations as directed by the Head of Actuarial Function into office experience such as persistency, expenses and mortality; and report on the results and makes recommendations on assumptions as appropriate

Modelling to support business development and compliance

• Provide oversight and coordination of modelling changes to meet new developments
• Provides advice and support to Product Development colleagues on regulatory and company requirements so that new and enhanced products comply with regulations and may be expediently handled in reporting processes.
• Use existing actuarial models or develop models upon request, to assist in pricing new products
• Oversee product technical actuarial support for good governance

Quality Control, Professional Standards and Development

• Reviews work produced by more junior Actuarial colleagues, so as to ensure quality control.
• Acts as a role model for quality control of actuarial work.
• Coaches and encourages colleagues on actuarial processes.
• Keeps knowledge and skills updated to meet current and future business requirements.
• Develops knowledge of in-house models in order to satisfy actuarial reporting activities.

Required / Desirable Qualifications and Experience
Nearly or Newly Qualified Actuary

• Relevant experience working in a life company or life consultancy
• Some experience of working in one of more of Modelling, Financial Reporting or Reinsurance is essential
• Working knowledge of Unit Linked and / or Group Life and Health products is a distinct advantage
• Understanding of the external environment in which the company operates

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