Senior Actuary

  • 38768
  • Non-Life - Actuarial
  • |
  • England
  • |
  • Dec 18, 2020
Insurance
RESPONSIBILITIES
  • Manage/support the annual update of the company’s model to produce the company’s capital requirement on several bases
  • Review and challenge company model results, providing analysis of change between updates for specific areas
  • Support the company validation process
  • Manage/support and promote company model uses in the wider company’s business,
  • Investigate differences between company’s view of syndicates and syndicates’ own view
  • Ad hoc analyses, e.g. in the wake of major loss events
  • Specification and testing of proposed model changes
  • Manage/support the annual update of the company model to produce syndicate benchmark capital requirements on a number of bases
  • Analysis of benchmark results and provision of metrics to the Syndicate Oversight Team
  • Modelling new syndicates
  • Adapting the company model to syndicate specific issues, if necessary
  • Answering benchmark related queries
  • Support the annual re-parameterisation exercise by working with the parameterisation team, as required, to review updates to parameters and understand their impact.
  • Validate updates to the parameterisation in the light of model results
  • Discuss company’s responses to PRA questions and issues
  • Produce additional analysis to support company’s responses, as required
  • Manage/support governance around model change is being followed
  • Support timely completion of regulatory returns
  • Manage/support the regular update of the documentation of the company model to ensure that it remains fit for purpose, useful and complies with regulatory requirements
  • Working with internal stakeholders as appropriate
QUALIFICATIONS
  • Experience in non-life insurance work, preferably with some exposure across a range of work areas and significant capital modelling experience.
  • Experience in leading project work to completion.
  • Advanced knowledge of the actuarial techniques involved in non-life insurance capital work, including the requirements of Solvency II.
  • Knowledge of various IT tools including Excel, Access, Word.
  • Knowledge of capital modelling tools including Tyche, Remetrica, Igloo or similar.