This posting has now expired.
By using the search box below, you will be able to find similar jobs that are currently available in the financial, accounting and banking sectors across the UK.
By using the search box below, you will be able to find similar jobs that are currently available in the financial, accounting and banking sectors across the UK.
Actuarial Manager (Capital Modelling), Surrey
- UK - Surrey
- £7000 - £90500 per annum + bonus, car allowance
- Full-Time Permanent
- Insurance - Insurance
- Hays Insurance & Financial Services
- 01-12-08
Job Description
1. Lead the embedding risk-adjusted metrics. In particular, increase alignment of pricing, reserving, reinsurance and capital modelling models and assumptions. Drive the use of economic capital concepts such as EBCR and RANBV when appraising financial performance and pricing business.
2. Direct the use and validation of Economic Capital (STEC and LTEC) and P&C Value models with appropriate tools to manage the business to maximise value cognisant with inherent risk and capital employed. Plan and oversee the preparation of, report and present the results of the regular Economic Capital and P&C Value exercises and communicate the results within the three subsidiary companies. There is a dotted reporting line to the Ireland Chief Actuary and the another FD for this accountability.
3. Advise Investment Management on effectiveness of the choice of Reinsurance programme. Evaluate alternative strategies developing and making use of risk tools, and monitor implementation of adopted strategy.
4. Develop suitable models and risk tools in conjunction with Group Risk Management and oversee their use to ensure compliance with the risk measurement requirements evolving within local regulatory rules. In particular provide support to CEO, FD and Chief Actuary in fulfilling ICA requirements and evolution to meet Solvency II post 2012.
5. Monitor Solvency for the UK P&C entities. In conjunction with Accounting and Investment and Treasury teams
6. Specify Capital Modelling Management Information. Ensure timeliness, accuracy and completeness of data used for processes.
7. Develop the skills and competencies of the Team.
8. Maintain and develop relationship with Group Risk Management. Proactively assist and challenge Group Risk Management on the development of Economic Capital methodologies.
Basic salary circa £70,000 - £90,500 plus bonus and benefits including: car allowance, pension, healthcare, life insurance.
- Typically qualified actuary.
- Alternatively a financial/actuarial/general insurance professional qualification or demonstrating equivalent technical expertise and insurance knowledge to fulfil key accountabilities for the role
- Relationship management skills ability to manage key relationships and act independently
- Strong People Management skills
- Excellent written and verbal communication skills able to interact with Executives, Senior Management, external auditors and regulators
- Strong influencing and communication skills influencing non-Finance managers and Executives
- Business acumen
- Proven ability to work under time pressure
2. Direct the use and validation of Economic Capital (STEC and LTEC) and P&C Value models with appropriate tools to manage the business to maximise value cognisant with inherent risk and capital employed. Plan and oversee the preparation of, report and present the results of the regular Economic Capital and P&C Value exercises and communicate the results within the three subsidiary companies. There is a dotted reporting line to the Ireland Chief Actuary and the another FD for this accountability.
3. Advise Investment Management on effectiveness of the choice of Reinsurance programme. Evaluate alternative strategies developing and making use of risk tools, and monitor implementation of adopted strategy.
4. Develop suitable models and risk tools in conjunction with Group Risk Management and oversee their use to ensure compliance with the risk measurement requirements evolving within local regulatory rules. In particular provide support to CEO, FD and Chief Actuary in fulfilling ICA requirements and evolution to meet Solvency II post 2012.
5. Monitor Solvency for the UK P&C entities. In conjunction with Accounting and Investment and Treasury teams
6. Specify Capital Modelling Management Information. Ensure timeliness, accuracy and completeness of data used for processes.
7. Develop the skills and competencies of the Team.
8. Maintain and develop relationship with Group Risk Management. Proactively assist and challenge Group Risk Management on the development of Economic Capital methodologies.
Basic salary circa £70,000 - £90,500 plus bonus and benefits including: car allowance, pension, healthcare, life insurance.
- Typically qualified actuary.
- Alternatively a financial/actuarial/general insurance professional qualification or demonstrating equivalent technical expertise and insurance knowledge to fulfil key accountabilities for the role
- Relationship management skills ability to manage key relationships and act independently
- Strong People Management skills
- Excellent written and verbal communication skills able to interact with Executives, Senior Management, external auditors and regulators
- Strong influencing and communication skills influencing non-Finance managers and Executives
- Business acumen
- Proven ability to work under time pressure
- Michael Stefan
- 191718
del.icio.us
Digg
Facebook
Google
Reddit
StumbleUpon
Yahoo!