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Assist in the delivery of regular, consistent, and reliable analysis and recommendations for all areas of the business. Initial focus will be within the Reserving function, though over time it is anticipated that this will extend to supporting the wider work of the Actuarial Function.

Principal Responsibilities

  • Reporting to the Head of Reserving and Business Insights
  • Support the assessment of IFRS and Solvency II technical provisions within the quarterly reserving process
  • Assist in the identification of reserving process enhancements
  • Assist with the design, review, implementation, and documentation of agreed reserving process enhancements
  • Assist in the mentoring and development of the actuarial analyst
  • Collaborate with the Business Insights Manager to support development of tools for business insight, particularly where these leverage existing reserving data and processes or support reserving interactions with stakeholders
  • Support the ongoing maintenance, development, and use of the FRED tool
  • Production of analyses to support the business planning cycle
  • Support the Actuarial Function to ensure that all work is appropriately documented and conducted in accordance with corporate policies under the appropriate framework of laws, regulations, and standards to maintain regulatory compliance and escalate any areas of concern appropriately, seeking guidance from senior actuaries as appropriate
  • Support the Actuarial function to improve the understanding of UK flood risk through carrying out regular portfolio level analysis of written flood exposure and providing support to special projects
  • Ensure work is delivered to agreed deadlines
  • Contribute to the critical review of Actuarial working practices, recommend, agree, and implement new/improved ways of working to contribute to the establishment of a continuous improvement culture across the organisation
  • Liaise with external actuaries during external audit
  • Assist with theĀ  preparation for, and implementation of, IFRS I7
  • To provide general support to the Actuarial Function to meet the needs of the business in relevant areas
  • To develop technical capability of the department by learning from senior actuarial members and learn/share best practice and knowledge relating to reserving and capital
  • Support the Actuarial Function to efficiently meetĀ  public accountability obligations

Risk Responsibilities

As a First Line of Defence, to identify and manage risks, generate and review risk information, and to take appropriate actions to maintain the risk exposure within appetite. Risks should be reported to ExCo and the Risk Function.

Information Security Responsibilities

Yyou are expected to foster a security-aware culture through your own actions and behaviour by exercising good judgment, being aware of Information Security risks, compliant with all policies (including but not limited to fair usage and information security), diligent in the completion of Information Security training, mindful of any suspicious activity and proactive in your response to it and immediate reporting of any concerns or issues to the IT / infosec team.

Knowledge and Experience

  • An experienced actuary preferably from a reserving background
  • Knowledge of Solvency II Technical Provisions and/or Solvency II reporting
  • Superior IT skills. Excellent knowledge of Microsoft Excel and ability to handle data, e.g. SQL/R
  • Strong analytical skills and ability to focus on relevant detail in a pragmatic way
  • Excellent communication skills; both face to face and written
  • Uses initiative to find solutions and approaches problems with curiosity and open mindedness
  • Effective time management skills; able to juggle several tasks and conflicting priorities
  • Excellent people and inter-personal skills with experience of interacting and building relationships with a wide variety of stakeholders
  • Job Type: Experienced Job
  • Field of Work: , ,
  • Experience Level: Newly Qualified, Senior Qualified
  • Job Reference: 26294
  • Location: London, Hybrid Working Model
  • Contract Type: Permanent
  • Employment Type: Full Time
  • Start Date: Immediate
  • Date Posted: 19 Apr 2023
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