Reporting to the Modelling Team Leader, you will be responsible for Solvency II reporting.
Responsibilities –
BEL, SCR, MCR:
• Generate and check the model points.
• Update the assumptions feeding into the Prophet model and include reasonability checks on assumptions.
• Run the quarterly BEL calculation in prophet.
• Complete all outside prophet calculations for overall SCR including Health CAT, counterparty default etc.
• Perform reasonability checks on results.
• Deliver calculation on time through reporting channels
• Carry out Analysis of Change on BEL and SCR calculation.
• Perform Sensitivity runs twice yearly.
New Business Point of Sale:
• Generate and check the model points for new business point of sale.
• Update the assumptions feeding into the Prophet model and include reasonability checks on assumptions.
• Run the annual New Business Point of Sale calculation in prophet.
• Perform reasonability checks on results.
• Carry out Analysis of Change on New Business Point of Sale.
• Provide quarterly estimates for New Business Point of Sale to Group taking into account assumption updates throughout the year.
ORSA:
• Provide assistance to pricing team during budget process.
• Use budget information provided to calculate prospective SCR in prophet for ORSA.
• Complete all outside prophet calculations for completion of overall SCR.
• Perform reasonability checks on results.
• Deliver calculation on time through reporting channels
• Participate in writing reports.
QRTs:
• Gather relevant information for quarterly and annual QRTs.
• Deliver QRTs on time through reporting channels
General:
• Attending Technical meetings led by group and reporting back outcome of meetings.
• Keep up to date model documentation, procedures and processes on work performed.
• Answer questions and provide information to audit and external reviewers, including Actuarial Function Holder.
Requirements:
• Actuarial degree
• Prophet and SAS expertise is an advantage for this role.
• Experience working with Microsoft packages, particularly Excel, a necessity.
• Experience in Database Management an advantage
• Experience working with Actuarial models and knowledge of Modelling Best Practice an advantage.
• Experience in Project Management
• Experience in Solvency II.
• Good communication skills, team player, organised and punctual.
For further information please contact [email protected] or +35316099409.
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
