The role requires a technically sound individual, who is able to collaborate effectively with various teams and stakeholders at all levels.
Oversee development projects across the Corporate Actuarial team, including Investments, Annuities and Group Risk Products.
Strong focus will be on ensuring processes are robust, efficient and fit for purpose and with appropriate controls.
Support the group risk valuation and reporting process, providing specialist insights to the business, and ensuring appropriate reserves and capital are held.
Participation in various projects (namely IFRS17, Prophet Development and Robotics Process Automation) which will present opportunities to develop further insights and influence reporting within and across the various teams.
IFRS 17 Development and Implementation:
Support and provide guidance on various elements of IFRS 17 development for the corporate business including:
Data and infrastructure development
Policy and methodology formulation
Actuarial modelling support
Actuarial and finance process enablement
Business impact analysis
Process Efficiency and Automation:
Ensure processes are efficient, robust and fit for purpose.
Ensure the control environment is adequate and effective.
This will apply across all corporate products’ (including investments, annuities, group risk valuations, reporting, and business support functions)
Group Risk Reserving, Embedded Value, Capital and Business Insights:
Provide specialist support of the valuation process and provide insights on the group risk financial results and performance, while ensuring appropriate controls, including:
Market consistent embedded value
Value of new business
Analysis of surplus and embedded value
Solvency capital calculations
Earnings at risk
Development and maintenance of tools to analyse actuarial data and results in order to enhance management reporting
Produce reports providing insights into business results and emerging trends
Desired Experience & Qualification
Making good progress toward an actuarial qualification
3+ years’ relevant actuarial experience
Experience in life insurance valuations would be preferable
Knowledge of IFRS17 would be advantageous
Prophet, DCS, VBA, SQL or other program knowledge would be advantageous
Strong technical skills and attention to detail
Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal)
Ability to collaborate effectively
Ability to work on a range of deliverables
Provide a source of specialist knowledge to a team of actuarial students
Ad-hoc projects: Support the delivery of relevant projects objectives l3.8o