The Actuarial Rectifications Team plays a key role in ensuring that policies are managed in line with the policy provisions, policyholders’ expectations and FCA requirements.
Overview
Key duties (including, but not limited to):
- Analysing different remediation approaches and writing options papers
- Writing calcs specs
- Building models in Excel or Access
- Testing IT models
- Performing remediation calculations for policies and checking calcs
- Handling queries relating to the use of the models
- Determining approaches to non-standard cases
- Ensuring TCF issues, cost implications and practical constraints are taken into account when formulating solutions
- Reviewing and writing report documents relating to the project
Qualifications required:
- Partly-qualified or qualified Actuary
Experience required:
- Strong technical ability in analysing problems, determining solutions and specifying calculations
- Effective written and verbal communication skills with an ability to influence others
- Strong Excel skills
- Attention to detail