Reporting directly to the Head of Actuarial Development, you will play a lead role in the development, validation and maintenance of the reporting processes of our clients' partial internal model under Solvency II. This role is available on either a full time or fixed-term contract basis.
Key responsibilities:
• Design, develop, and enhance reporting processes that adhere to risk tolerances and are scalable for future growth.
• Conduct rigorous validation and testing of models to ensure accuracy and compliance with regulatory standards.
• Analyse large datasets to identify trends, patterns, and insights that inform model assumptions and parameters.
• Ensure all reporting complies with Solvency II requirements and other relevant regulatory frameworks.
• Prepare comprehensive documentation for PIM reporting processes.
• Support the integration of PIM into existing BAU reporting.
• Collaborate with internal stakeholders, including risk management, finance and underwriting teams, to gather requirements and provide insights.
• Stay updated with industry trends, best practices, and regulatory changes to continuously improve the internal model.
• Maintain competence and fitness and propriety standards to the level required by the Company’s regulators.
• Adhoc tasks as required
• Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards.
Core competencies:
• Ability to develop effective solutions to issues/problems.
• Good communication skills (written and verbal) and ability to build relationships.
• Good risk management analysis skills/understanding of risk.
• Proactive, motivated and able to assimilate new skills/information quickly.
• Well organised, good attention to detail, able to prioritise effectively, work independently and work to deadlines.
• Eager to learn and develop.
Experience and qualifications:
• IFoA Qualified Actuary, with 3 - 5 years’ experience in actuarial roles, with a focus on Solvency II Reporting.
• Life industry experience.
• Experience of the regulatory environment in the UK.