JOB DESCRIPTION
POSITION: Reporting Actuary Manager
ASSIGNMENT NO: 29154
LOCATION: London/ hybrid
Reporting Actuary Manager:
Our client is looking for a Reporting Actuary Manager to join their team on a full-time basis in their London Office with hybrid working.
They are looking for someone to manage the day-to-day workflow and development of the actuarial reporting team and communicate results and key issues to senior management / key stakeholders. You will develop reporting infrastructure and MI to meet the increasing demands from the business and deliver process automation to support the accelerated reporting timetables.
You will lead the actuarial reporting processes for the syndicate, including existing Lloyd’s and company reporting, Solvency II / UK and actuarial IFRS17 processes.
Responsibilities of the Reporting Actuary Manager:
* Lead the actuarial delivery of Lloyd’s reporting processes (including Solvency UK), ensuring that results are produced to a high standard delivered in line with the Lloyd’s reporting timetable.
* Manage the actuarial delivery of reporting processes ensuring that results are produced in line with the business requirements and reporting timetable. Document and present key results to senior management for challenge and sign-off.
* Manage the IFRS17 actuarial data submissions as required for company reporting, ensuring that these are prepared on time and to a sufficient data quality, with data validations completed. Manage the review and validation of actuarial items on the IFRS17 balance sheet and P&L. Present results to both Local and business wide stakeholders, including analysis of change of key actuarial topics (e.g. loss component).
* Manage the day-to-day workflow of actuarial reporting staff, overseeing their training needs, both on-the-job development and specific training.
* Build strong relationships with other teams outside of Actuarial to build confidence in the actuarial deliverables, share knowledge, and contribute to a joined-up approach.
* Monitor data quality across the reporting process, including topics such as fast-close data, and escalate key points to the business for discussion and resolution.
Requirements of the Reporting Actuary Manager:
* Proven actuarial experience in the Lloyd's Market, ideally including knowledge of reporting under IFRS17 and Solvency II / UK.
* In depth knowledge and understanding of the underlying principles of general insurance.
* Experience of leading a small to medium sized team (junior and experienced staff) and managing multiple concurrent work strands within a time-pressured environment.
* Experience of liaising with external regulators, auditors and senior management / stakeholders, to address queries and resolve any issues arising.
* In depth knowledge, understanding and practical experience in using of a range of actuarial modelling techniques and applications for financial reporting.