Actuarial Trainee or Analyst

Full details of the job.

Vacancy Name: Actuarial Trainee or Analyst

Vacancy No: VN642

Location Country: United Kingdom

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, including:

• 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 as set out.
• Notify the regulator(s) of matters reasonably expected to be notified.

Core Competencies:

• Highly numerate.
• Experience in data analyses and ability to investigate data problems independently.
• Excellent knowledge of MS Excel and Word.
• Good communication skills, with the ability to propose solutions and work independently requesting support where needed.
• Ability to manage own time and deliver to deadlines.
• Able to handle multiple tasks simultaneously seeking support where appropriate for prioritisation.

Desirable:

• Positive approach and outlook.
• 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.

Experience and Qualifications:

• Mandatory: Degree in Mathematics or other maths-based subject.

• Desirable: Studying towards the FIA qualification or given up exams.
• Experience of working in a team in an office environment.
• Experience of working within the Actuarial Function of a UK Life assurer.