Set up, review and improve the Actuarial Function Policy in line with the Company’s strategy
Overview
Key duties (including, but not limited to):
- Establish and refine appropriate Reserving and Solvency II Technical Provision procedures to ensure the daily tasks can be carried out effectively and efficiently
- Construct appropriate actuarial models to analyse technical liabilities accurately and effectively coordinate the calculation of technical provisions and ensure their reliability and adequacy, in order to achieve all the goals of the Company
- Performs the risk modelling underlying the calculation of the SCR and MCR to meeting the UK regulatory and Company’s requirements
- Inform the governing body, the Group and external auditors of the reliability and adequacy of the calculation of technical provisions
Qualifications required:
- Qualified actuary required
- 2.1 or higher in a numerate degree such as Mathematics, Engineering or Economics (or equivalent
Experience required:
- 8+ years experience in commercial insurance actuary. Personal lines pricing considered a plus
- Prior experience with any programming language is preferred
- Good commercial sense, with a deep understanding of FCA/PRA pricing requirements