Your New Role

• Awareness and understanding of the business drivers for the function that they are supporting. Have Awareness of the plan and its context to be able to deliver appropriate support
• Able to understand areas of uncertainty
• Contribute to business meetings as required in order to understand and support business requirements
• Use and assist with the development of appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced. This is to include adopting efficient and consistent actuarial models and process and / or technologies where appropriate
• Ensure appropriate checks are performed within processes to minimise inaccuracies
• Maintain and comply with documentation of key processes and policies to ensure its Divisions:
• Comply with all material legal and regulatory requirements
• Adhere to relevant actuarial standards and good practice
• Meet all internal European and / or global internal reporting requirements
• Minimise the risk of business discontinuity
• Assist the Actuarial Manager to ensure that processes are aligned with business needs and fit for purpose
• Manage and monitor Actuarial process, where applicable, to ensure their continued delivery and improvement to meet
• Identify areas for continuous improvement, drives toward efficiencies in process, challenges the status quo
• Ensure that processes drive performance and quality
• Build and maintain relationships with internal and external stakeholders to improve customer focus
• Understand developments in wider Actuarial community to stay abreast of current development
• Able to respond customer needs
• Takes personal responsibility for own areas of delivery
• Ensure that results are delivered to team timelines
• Reserving: Perform the forecasting of technical provisions, reserve margins and reserve uncertainties to support business analysis/MI for reports and accounts, business planning, profitability studies and commutations.
• Portfolio performance monitoring: Perform the development and provision of underwriting statistics to Actuarial team/Finance/Board/Underwriters in order to provide appropriate management information. Including performance to business plan
• Pricing: Perform the development of pricing tools and rates and the review of premium/rating methods to ensure that methods adopted by the business are robust/valid
• Business planning: Participate in/support the business planning process including collection and analysis of information, development of tools and reports to ensure that best practice is followed
• Reinsurance: Perform the analysis of reinsurance options and the support of reinsurance purchases as required so the company makes best possible use of Reinsurance Purchases
• Capital modelling: Perform the analysis to determine the capital needs of the business. Develop reports and presentations appropriate to the parties involved including internal management and regulators to ensure the Company has a good understanding of capital needs and regulators are satisfied
• Risk aggregation (RDSs): Participation in the modelling and analysis of risk aggregation
• Ensures technical quality of work. Is able to understand drivers of materiality
• Able to work way through complexity and explain to stakeholders’ key assumptions
• Understands impact of regulatory environment on technical work
• Ensures that work is appropriately reviewed and undertakes appropriate review
• Coach, develop and support direct reports
• Look to give a broader view of career development to junior staff
• Is recognised as a role model for junior team members

About You

• Two plus years post Qualified Institute and Faculty of Actuaries or equivalent body
• Experience of working within the actuarial function in a multinational financial services business
• Solid relevant General Insurance experience
• Effective communication and participate in discussions with wider business
• Ability to persuade and influence both directly and indirectly
• Ability to work independently
• Strong skills in Excel and other analytical tools. Ability to develop sophisticated models to address business needs
• Strong abilities in the use and interpretation of numerical data
• Ability to organise own work and direct reports to meet deadlines
• Ability to work within defined procedures
• Able to collaborate across the actuarial teams
• Ability to question established processes and suggest improvements
• Able to work in an agile manner, responsive to stakeholder requirements,
• Understanding of industry best practice in actuarial analysis, modelling, and underwriting
• Good understanding of  insurance business processes
• Understanding of compliance issues
• Understanding of risks and uncertainty of actuarial work
• Understanding of developments in the actuarial profession
• Understanding of accounting environment and regulatory regimes