Join a mutual insurer in their Actuarial Department: Product and Valuations that brings additional and exciting actuarial issues that is not standard at a typical shareholder-owned insurer. 4 Years in LIFE INSURANCE VALUATIONS a requirement. A Actuarial Science Degree an Part A1 and A2 must be completed.
Duties & Responsibilities
Financial Soundness and Embedded Value valuations (dedicated 4 months per year):
Maintenance, setup and running of Prophet Valuation models.
Consolidation of value results.
Calculation of Embedded Value, Value of New Business (VNB) and VNB margins including cost of capital.
Responding to auditor queries.
Engagement with business to identify and prioritise key management information metrics.
Development, analysis, monitoring and improvement of these metrics.
Developing predictive analytics capabilities.
Desired Experience & Qualification
Appropriate tertiary qualification in Actuarial Science.
Good progress towards qualification as an actuary, having completed the Part A1 and Part A2.Technical subjects and having at least attempted the Actuarial Risk Management (A301) exam from ASSA or the equivalent of another international recognised actuarial body (eg IFoA).
At least 4 years life insurance valuations experience.
Thorough experience with Prophet and DCS required.
VBA, SQL and experience with data analytics or management information systems will be an advantage.