Corporate Actuary

  • 37947
  • Life - Actuarial
  • |
  • England
  • |
  • Aug 10, 2020
Reinsurance
RESPONSIBILITIES
  • Understand the implications of solution designs on future state processes and data flows and use that understanding to support activities within the Europe and project teams around documenting those processes and data flows.
  • Support the project to resolve technical challenges or issues that arise and provide strong actuarial expertise to support the subsequent delivery of the project.
  • Support the management of system and process changes impacting the business through the application of strong technical knowledge and the delivery of robust solution designs.
  • Analyze and understand the financial impact of the new regulatory requirements on Europe Longevity and Protection business.
  • Manage and carry out user acceptance testing of model and process solutions for the Europe business unit.
  • Ensure timely completion of project milestones with support from the project and Europe teams. Anticipate bottlenecks and escalate as appropriate.
  • Manage and resolve queries arising throughout the project lifecycle.
QUALIFICATIONS
  • Qualified life insurance actuary with significant post-qualification experience in financial reporting and change management within the life insurance industry.
  • Experienced in delivering regulatory change, more specifically in relation to the IFRS17 accounting standards but preferably also in relation to US GAAP long-duration targeted improvements.
  • Experienced in determining the business requirements and solution designs required for an IFRS17 implementation and leading the delivery of the subsequent documentation of those artefacts.
  • Experienced in understanding the impact of regulatory change on reporting processes and data flows and specifying and implementing the changes required to deliver those revised processes and data flows.
  • Strong financial reporting background, preferably with exposure to IFRS and/or US GAAP.
  • Proven experience of operating as an actuarial subject matter expert within a major change programme.
  • Strong analytical and problem-solving abilities with proven experience of delivering innovative solutions.
  • Ability to communicate complex actuarial issues and requirements to actuarial teams outside of the core project, as well as to non-actuarial stakeholders, senior management, and project governance committees.
  • Ability to build strong working relationships with external consultants and suppliers.
  • Experience of planning and prioritizing workloads and delivering to deadlines in a fast-paced change environment.
  • Proven focus on quality, ensuring deliverables are accurate, timely and fit for purpose.
  • Desirable:
  • Experience of actuarial model development - preferably with knowledge of life, critical illness, income protection, and annuity/longevity products.
  • Experience of using MoSes, RiskAgility FM, Tyche or similar actuarial modelling platforms, including understanding the benefits and limitations of such platforms.
  • Demonstrates an appropriate level of technical skills for their role and an appreciation of current issues affecting their profession and the life reinsurance industry.
  • Takes responsibility for the quality, completeness and accuracy of work.
  • Shows initiative, flexibility and resourcefulness.
  • Critically evaluates and challenges current work practices.
  • Is able to deal with challenging deadlines and prioritizes effectively.
  • Provides accurate and timely updates on status of work and escalates issues appropriately.
  • Communicates in a clear and practical manner both verbally and in writing.
  • Has a good attendance and timekeeping record.