Reserving and Reporting Lead Actuary

Staines or Brighton
Competitive Salary
08 Jan 2018
28 Feb 2018
Contract Type
Full Time

Job Introduction

The Lead  Actuary will support the Chief Actuary in (a) building the actuarial infrastructure required to support reserving, data management and reporting; and (b) oversee the preparation of models and delivery of reporting to fulfil the Actuarial Function requirements, in respect of Reserving and Solvency II in line with Bupa standards.

Main Responsibilities

  • Oversees the ongoing improvement of the actuarial delivery of reserving / SII functional reporting including claims and premium provisioning
  • Technical oversight of models and reporting, for both regulatory and management reporting purposes
  • Establish and agree functional development plans with Chief Actuary; oversee delivery of development activities within agreed timeframes
  • Oversight of reporting delivery in line with agreed timescales
  • Management oversight of data quality improvement required to support actuarial functional activities. Including evidence required in line with Bupa’s SII Data Quality policy and to meet audit requirements.
  • Coordinate priorities with other market unit actuarial teams (and other stakeholders) with the purpose of technical improvement
  • Liaise with stakeholders to ensure appropriateness and consistency of approach to data handling, transformation and reporting
  • Assist in other key emerging activities and projects as may be required from time to time.

The Ideal Candidate

  • Previous demonstrable experience in actuarial work with experience across Reserving (GI/Health) and Solvency II
  • Relevant actuarial work should include the following responsibilities in previous and current roles:
  • data manipulation using software such as SAS  and MS Access, and preferably with knowledge of SQL and VBA;
  • developing actuarial models and assumptions for use in the models.
  • Have working knowledge of insurance risk including its drivers and controls, insurance company cashflows and operations
  • Have experience in reserving (both claims and premium provisioning), documentation, modelling and analysis
  • Demonstrated ability to deliver the right level of solution to an actuarial problem appropriate to time and resource constraints
  • Demonstrated ability to work as part of a multi-functional team
  • Demonstrated ability to deal with changing priorities and ability to work with little supervision.
  • Fully qualified actuary

About The Company

Bupa’s purpose is longer, healthier, happier lives.

As a leading global health and care company, we offer health insurance, medical subscription and other health and care funding products; we run care homes, retirement and care villages, primary care, diagnostic and wellness centres, hospitals and dental clinics. We also provide workplace health services, home healthcare, health assessments and long-term condition management services. We have 32M customers globally. With no shareholders, we invest our profits to provide more and better healthcare and fulfil our purpose. We employ 84,000 people, principally in the UK, Australia, Spain, Poland, New Zealand and Chile, as well as Saudi Arabia, Hong Kong, India, and the USA.

We have grown significantly, particularly through 2013 to 2015, when we accelerated execution of our strategic vision. We are similar in revenue and profit to Marks & Spencer, and larger than Heinz in revenue. Because Bupa does not have shareholders it does not have a listing, but if it did it would be in the FTSE 100. Bupa is not a mutual or a charity but a company limited by guarantee that seeks to maximise its profits in order to fulfil its purpose. With customers in virtually every country in the world and 70% of its revenues now generated outside the UK, Bupa is a truly international organisation.

Bupa's Strategic Framework

Our strategy has three pillars: Customers, People, Performance. It puts our customers front and centre in the context of today’s digital age. As a service organisation, everything we do for our customers relies on our people and partners, so being a place where people love to work is critical to our success. This, combined with disciplined risk and capital management, is how we will deliver strong and sustainable performance.

We are looking for individuals who share in our values and this strategy, and are capable of delivering outstanding results for the business.

International Markets

Bupa’s International Markets (IM) unit has 16 million customers across all continents around the world. It manages a portfolio of businesses, including a large international health insurance, travel insurance and medical assistance business called Bupa Global, as well as established domestic health insurance businesses in Hong Kong and Brazil, two associate health insurance companies in Saudi Arabia (34.25% Bupa ownership) and India (49% Bupa ownership), and Hong Kong’s largest private clinic network.  

Bupa Global

Bupa Global provides products and services worldwide to people who want access to premium health and care at home or as they study, live, travel or work abroad. We provide international health insurance, travel insurance and medical assistance to individuals, small businesses and global corporate customers all around the world.

Bupa Global has over 1,800 employees and has offices in London and Brighton (UK), Miami (USA), Copenhagen (Denmark), Hong Kong (Greater China), and Dubai (UAE), as well as in Egypt, Mexico, the Dominican Republic, Bolivia, Panama, Guatemala and Ecuador. Bupa Global is currently organised around five regional hubs: Bupa Global Africa, India & Middle East; Bupa Global Greater China; Bupa Global Latin America; Bupa Global North America and Bupa Global Europe.

Similar jobs

Similar jobs