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Key Duties (including but not limited to):
1. Lead the development of a clear medium to long-term integrated With Profits strategy aligned with the Company’s overall strategy. Ensure all initiatives impacting or growing the With Profits fund are aligned with this strategy, with clear change and development plans, prioritization, and execution support. Consider customer impact, processes, and people to deliver good customer outcomes and meet WPF requirements. Ensure all costs charged to the WPF are appropriate.
2. Collaborate with the Company’s propositions, pricing, and WPA teams to develop and articulate principles for the risk-sharing model between shareholders and the WPF for new products. Expect these principles to evolve as new products are developed.
3. Work with the Directors of Propositions to ensure all new product developments comply with the agreed WP Strategy and requirements, including relevant rules, regulations, and the Finance and WPA frameworks for managing the Fund.
Qualifications required:
* Qualified actuary
Experience required:
* Experience with profits products and knowledge of with profits rules and regulations is essential.
* Strong understanding of the UK life insurance industry, both technically and commercially.
* Knowledge and experience of international life insurance markets are beneficial but not essential.
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