6 Month Lead Actuary – Actuarial Oversight
- Employer
- Fairbank Partners
- Location
- Midlands
- Salary
- Upto £1200 per day
- Closing date
- 28 Nov 2019
- Reference
- GP0024
View more
- Sector
- Banking and finance, Life insurance, Reinsurance, Solvency II, Systems
- Contract Type
- Interim, contract & temp
- Hours
- Full Time
- Experience/Function
- Qualified (executive), Qualified, Nearly qual (11+ exams)
Job Details
Fairbank Partners are working with a Reinsurer to find a Lead Actuary in the Capital Optimisation team for an initial 6 months.
The Lead Actuary - Actuarial Oversight will report directly in to the Deputy Chief Actuary and will take ownership of proposing the actuarial methodology and BEL assumptions for the technical provisions, and the 1st line actuarial review of reported numbers for all metrics. It is a critical role in supporting the working day timetable and ensuring the integrity of the actuarial reporting numbers for all metrics.
The roleholder will have primary responsibility for detailed review of all the actuarial outputs and so will need to have detailed knowledge of the business and any strategic and tactical changes to it and how they could impact the numbers. This will require a high level of experience to be able to pre-empt and challenge the outputs of the production process. The Chief Actuary will be highly dependent on the work performed by the Lead Actuary - Actuarial Oversight to support their sign-off of the numbers as required by the statutory Chief Actuary SMCR position.
The Lead Actuary - Actuarial Oversight will be responsible for defining the actuarial methodology and assumptions for the technical provisions in response to changes to the environment within which Group / operates. This will require deep understanding of the actuarial methodology and assumptions setting, keeping up-to-date with the latest professional guidance, regulatory change, industry best practice and changes to the Group / business.
The Lead Actuary - Actuarial Oversight will have a key role in supporting the Chief Actuary’s strategic and statutory objectives of ensuring actuarial integrity and consistency of the reported actuarial numbers.
The Lead Actuary - Actuarial Oversight will also play a key role in developing the culture and operating model of the Chief Actuary function, and championing collaborative ways of working among the Chief Actuary teams to deliver best in class reporting and commercial insight. The Lead Actuary - Actuarial Oversight will need strong relationships with the actuarial production teams and will work closely with them to determine impacts of changes to methodology and assumptions and also to support the working day timetable.
To discuss this role, or to discuss your career, please submit your CV or contact Grace Pereira at Fairbank Partners on 0203 869 2000. Fairbank Partners has access to a wide range of actuarial jobs and acts as an employment agency.
Company
Fairbank Partners is one of the world's leading specialist actuarial recruitment consultancies. Covering the UK and International Actuarial market, we pride ourselves on being market experts working with you to find the right opportunity. Our consultants specialise in Life Insurance/Re-Insurance, General Insurance, Insurance Risk and Pensions/Investments operating at all levels from Students to Senior Searches. If you are interested in any of our vacancies, or curious about opportunities available to you, do get in touch. www.fairbankpartners.com www.twitter.com/fairbankpartner http://www.linkedin.com/company/fairbank-partners
- Website
- http://www.fairbankpartners.com/
- Telephone
- +44 (0) 203 869 2000
- Location
-
10-13 Lovat Lane
London
London
EC3R 8DN
GB
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