The purpose of this role is to work as a member of the Actuarial team undertaking a variety of different tasks to enable the department to meet its objectives. The role requires the ability to work independently to support the department objectives as agreed by the Actuarial Manager.
* Location: Buckinghamshire
* Category: Life Actuarial
* Type: Permanent
Key duties (including, but not limited to):
* Experience analyses and recommending valuation assumptions
* Solvency II valuation, including Pillar I, II and III
* Statutory valuation, including UKGAAP and IFRS 9 & 17
* Management of with-profits business, including recommendations on investment strategy and bonus rates
* Pricing of annuity business and policy alteration terms
* Production of Management Information
* Support financial projection and planning work
* Development and maintenance of actuarial models
* Asset Liability Management
* Ad hoc 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
* Notify the regulator(s) of matters reasonably expected to be notified
* Degree in Mathematics or other maths-based subject
* Studying towards the FIA qualification or given up exams (Desirable)
* Experience in data analyses and ability to investigate data problems independently
* Knowledge of experience analyses within a UK Life assurer
* Knowledge of life insurance products
* Knowledge of Solvency II, Pillars I, II and III
* Knowledge of Statutory reporting, UK GAAP and IFRS 9 & 17
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