Assistant Actuary

1 day left

Recruiter
Emerald Group
Location
Hertfordshire
Salary
Up to £40,000 + Benefits
Posted
19 Oct 2018
Closes
19 Nov 2018
Ref
48841
Contract Type
Permanent
Hours
Full Time

Consultant Name: Despo Mouyis

Telephone Number: +44 (0)203 867 9850

Email Address: despo.mouyis@emerald-group.com

Key Responsibilities:

  • To assist management in the production of accurate and timely Actuarial Reports to enable management to make informed financial decisions and to manage risk. These reports include but are not limited to: profit testing; determining reserves (Canadian IFRS and SII); experience studies; projection and planning; embedded value; DCAT/ORSA and dividend recommendations.
  • Assist in the pricing and design of new products and review of pricing for existing products to ensure that new business is written on profitable terms and complies with corporate pricing standards
  • Assist with the determination of the liabilities to ensure that valuation controls are maintained, the amount is adequate and corporate policy is implemented (Canadian IFRS and SII)
  • Assist in the analysis of reserve movements and earnings, including a commentary
  • Assist in the capital calculation (LICAT or SII)
  • Analyse experience in order to derive suitable assumptions for pricing and valuation
  • Assist in producing and analysing the financial plans for the company to ensure that sufficient capital is available and the expense budgets can be determined
  • Assist in the continuous review and improvement of the department’s processes and procedures to ensure the provision of timely, accurate and efficient levels of service and ensure that documentation is kept up to date
  • Actively studying for the actuarial exams and making acceptable exam progress, as determined by the company
  • Ensure familiarity with risk management programs, as they impact this position, and follow appropriate risk management procedures to control, monitor and report on business activities
  • Ensure compliance with Company policies, regulatory, professional & legal requirements

Qualifications/ Experience:

  • Undergraduate degree in Mathematics, Statistics or a related field
  • Master’s degree in Finance, Mathematics, Statistics or related field
  • Partly qualified Actuary, preferred
  • Experience in a consultancy or life office, advantageous
  • Established experience of actuarial reporting, desirable

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