To support the Group Chief Actuary in fulfilling regulatory responsibility for the Actuarial Function (SIMF20), including adequacy of technical provisions and adequacy of reinsurance
Overview
Key duties (including, but not limited to):
- Conduct the validation of the Solvency II technical provision through review and challenge of the key models, methods and assumptions used in calculating technical provisions
- Support the maintenance of the technical provision validation framework
- Support the drafting of Actuarial Function Reports to the Board & Audit Committee
- Manage the Chief Actuary recommendation process to monitor and report on progress of agreed actions
Qualifications required:
- Upper second-class degree in maths or science or equivalent;
- Nearly qualified or fully qualified
Experience required
- Experience of working in the life insurance sector, including a good knowledge of Solvency II/Matching Adjustment, life insurance products and markets
- Experience in demographic risk, actuarial reporting, ALM or reinsurance is preferred, but not essential
- Strong IT skills, particularly in Excel, with VBA and Power Bi experience advantageous