Job Purpose and Key responsibilities

Job Purpose:

To provide actuarial support to the assigned LOB and participate in overall risk management for the company.

Key responsibilities:

• Select appropriate reserve calculation method and calculate reserves.
• Provide analysis to support the renegotiation of the existing contracts.
• Provide input in product development for the LOB.
• Provide inputs into product pricing and setup in the actuarial pricing and valuation system.
• Review and monitor experience on all products to inform decision making including profit testing of existing products.
• Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring.
• Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks.

Knowledge, experience and qualifications required

Knowledge, experience and qualifications required:

• University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency.
• 2-4 years’ experience in a similar position.
• Progress in Institute of Actuaries examinations (9 papers).

• Select appropriate reserve calculation method and calculate reserves.
• Provide analysis to support the renegotiation of the existing contracts.
• Provide input in product development for the LOB.
• Provide inputs into product pricing and setup in the actuarial pricing and valuation system.
• Review and monitor experience on all products to inform decision making including profit testing of existing products.
• Provide comprehensive actuarial reports to the business each quarter and highlight key issues on an ongoing basis including solvency and capital monitoring.
• Address all areas raised by the IRA in their risk inspection and continue to highlight emerging risks.

• Mathematical proficiency
• Actuarial analysis
• Reserve calculation
• Contract analysis
• Product development input
• Product pricing input
• Experience monitoring
• Profit testing
• Solvency and capital monitoring
• Risk assessment

• University Degree in actuarial science, statistics, engineering, mathematics, physics, economics or related field with strong emphasis on mathematical proficiency.
• Progress in Institute of Actuaries examinations (9 papers).