Senior Actuarial Trainee / Analyst (Reporting) - Two vacancies

Utmost International; England; On-site; GBP 35,000 - 45,000; Full time

Job summary

A prominent actuarial firm in the United Kingdom is seeking a Senior Actuarial Trainee/Analyst to join their Actuarial team. This role will involve leading trainees and developing models to enhance efficiency. The ideal candidate will have knowledge of Solvency II regulations and actuarial modelling systems. Good communication abilities and a positive approach are essential for this position. This is an excellent opportunity to engage in diverse actuarial tasks and contribute to key departmental goals.

Qualifications

• Part qualified actuary (continuing studies or given up exams).
• Experience of working within the Actuarial Function of a UK Life assurer desirable.

Responsibilities

• Lead actuarial trainees and support department objectives.
• Development of departmental models and processes.
• Management of with-profits business.

Skills

Knowledge of Solvency II

Good communication skills

Report writing skills

Positive approach

Education

Part qualified actuary

Tools

Actuarial modelling systems

Job description

Senior Actuarial Trainee / Analyst (Reporting) - Two vacancies

Full details of the job.

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.

To work independently and to lead actuarial trainees to support the following department objectives as agreed by the Actuarial Manager.

To lead development of departmental models and processes to provide improved efficiency or additional insight into the financial management of the company.

The responsibilities of the department include:

• Solvency II valuation, including Pillar I, II and III, UK GAAP and IFRS reporting
• Support financial projection and planning work.
• Management of with‑profits business, including recommendations on investment strategy and bonus rates.
• Pricing of annuity business and policy alteration terms
• Experience Analyses and recommending valuation assumption
• 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

• Knowledge of Solvency II (Pillars I, II and III), UK GAAP and IFRS reporting.
• Knowledge of actuarial modelling systems and/or financial projections.
• Good communication skills, including the ability to propose solutions and be able to work independently and with ambiguity.
• Report writing skills, including technical specs and drafting reports.
• Positive approach and outlook.

Experience and Qualifications

• Part qualified actuary (continuing studies or given up exams).
• Experience of working within the Actuarial Function of a UK Life assurer desirable.

Location: United Kingdom