Senior Actuarial Trainee​/Analyst; -profits desirable

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.

To work independently and to lead actuarial trainees to support the following department objectives as agreed by the Actuarial Manager. To lead development of departmental models and processes to improve efficiency or provide additional insight into the financial management of the company.

The responsibilities of the department include:

• Solvency II valuation, including Pillar I, II and III, UK GAAP and IFRS reporting.
• Support financial projection and planning work.
• Management of with-profits business, including recommendations on investment strategy and bonus rates.
• Pricing of annuity business and policy alteration terms.
• Experience Analyses and recommending valuation assumptions.
• 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 as set out.
• Support the CRO and CEO in notifying the regulator(s) of matters reasonably expected to be notified.

Core Competencies

• Knowledge of Solvency II (Pillars I, II and III), UK GAAP and IFRS reporting.
• Knowledge of actuarial modelling systems and/or financial projections.
• Good communication skills, including the ability to propose solutions and be able to work independently and with ambiguity.
• Report writing skills, including technical specs and drafting reports.
• Positive approach and outlook.

Experience and Qualifications

• Part qualified actuary.
• Experience of working within the Actuarial Function of a UK Life assurer desirable.
• Experience of with-profits management desirable.