Our client is looking for an actuary (nearly/newly qualified), but with several years’ strong business experience, to manage a team of reserving and capital actuaries. Our client is more focused on the quality of the individual, rather than requiring experience that is specifically tailored to this role profile. Therefore, for example, our client would consider a strong life assurance actuary for this role.

 

The Role

 

You will be a manager within the GI Actuarial Function (AF) and support the Head of Actuarial Function (HoAF) in carrying out Regulatory and internal responsibilities in respect of Technical Provisions, Underwriting Strategy, Reinsurance Arrangements, Risk Management and Capital.  This includes review of the underwriting portfolio and the use of analytical techniques to support business decisions.  

 

The role will involve direct contact on a regular basis with a wide range of stakeholders throughout the local business and wider group, including peer Actuarial, Finance, Risk, Underwriting and Claims. 

 

The key responsibilities of the role are as follows:  

 

• Reserving - validation checks on reserving undertaken by 1st line actuarial personnel and specific focussed analyses to support the Actuarial Function Report

• Pricing/underwriting - analyses of specific classes and products as inputs into the AF’s investigations into underwriting policy

• Reinsurance - frequency/severity analyses of the business as input into the AF’s review of reinsurance arrangements

• Capital - checking and validation of solvency capital using the Standard Formula and utilisation of results from other investigations as collateral information to support build of the Firm’s internal model

• Business monitoring through development and review of KPIs

• Participation in underwriting performance meetings

 

About You:

 

Ideally, we would like you to have the following knowledge, skills and experience: 

 

• Nearly or newly qualified actuary

• Excellent technical & numerical ability

• ICT skills with a deep understanding of all Office applications, perhaps including statistical modelling add-ins

• Understanding or past use of programming languages such as R or Python

• Delivery focused with a flexible attitude and approach

• Strong communication skills, including the ability to develop written reports and papers for committees

• Self-starter with track record of achievement

• Ability to handle multiple tasks simultaneously and manage expectations accordingly

 

The role requires an Actuary (nearly /newly qualified) with several years’ strong business experience (general insurance experience is not explicitly required, in particular, a strong life assurance actuary will be considered for this role).

 

This is an excellent opportunity to join one of the world’s largest insurance groups, while gaining invaluable experience in all the facets of actuarial function work.