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Actuary

  • Location

    London

  • Sector:

    Operations & Finance

  • Job type:

    Permanent

  • Salary:

    70k - 100k base

  • Contact:

    Bradley Smith

  • Contact email:

    bradley@intelletec.com

  • Job ref:

    HSGGPO100

  • Startdate:

    ASAP

  • Consultant:

    Bradley Smith

Key Accountabilities

Impact On The Business

  • To contribute to the actuarial and risk integrity of the work of the business.
  • To lead on relevant aspects of the engagement with the key stakeholders of the insurance function on issues which may be related to experience analysis, modelling, IFRS reporting, local statutory reporting, economic capital calculations, pricing, model governance and ad-hoc project work.
  • Quality assurance of the team’s deliverables including junior member’s deliverables
  • Provides support for queries from colleagues and act as a mentor to junior colleagues
  • Ensures work undertaken meets best practice and recognized actuarial standards (internal manuals and external as set by professional bodies)
  • Ensures compliance with applicable quality control and contribute to improving operational effectiveness and control within the team.
  • The jobholder will consider and allow for the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
  • The jobholder will also adhere to and be able to demonstrate adherence to internal controls including relevant procedures, record keeping, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
     

Customers / Stakeholders

  • Stakeholders and other senior team members internally who require actuarial and analytical support – acting as deputy when required within organizational limits of authority and scope of activity
  • Provides support for queries from Actuarial colleagues
     

Leadership & Teamwork

  • To attend governance meetings to present actuarial papers in the absence of the Chief Actuary.
  • To contribute effectively to team meetings
  • To contribute to a productive team environment
  • Maintains standards/requirements for actuarial work undertaken by the team
  • Acts as career/study mentor to junior staff
     

Operational Effectiveness & Control

  • Ensures work undertaken meets best practice and recognized actuarial standards (internal manuals and external as set by professional bodies)
  • Ensures compliance with applicable quality control
  • Supports and mentors colleagues on improving operational effectiveness and control within the team.
     

Role Dimensions

  • Actuarial activities within the team e.g. reporting, economic capital, modelling, pricing and ad-hoc projects,
  • Knowledge of insurance product and regulations in domestic markets.
  • New and emerging industry practice appropriate to role.

Management Risk

  • The jobholder will consider and allow for the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
  • This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.
  • Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.
     

Knowledge & Experience / Qualifications

  • A nearly qualified or recently qualified actuary (FIA or equivalent) – Essential
  • Good understanding of the actuarial activities carried out in a Life Insurance company and appropriate level of product knowledge.
  • Ability to apply knowledge of financial services products to a working environment - Essential.
  • Ability to communicate information in a confident and structure manner to all levels of management.
  • Ability to influence business managers, to establish and maintain co-operation.
  • Good organisational and planning skills.
  • Ability to operate within cross functional teams.
  • Leadership and customer relationship management skills is highly desirable
  • Ability to apply knowledge of financial services products to a working environment.
  • Knowledge of Excel, VBA, SAS and/or Prophet is desirable