Job Ref. No. JLIL096
Main Purpose of the Job (Job Summary)
The role provides actuarial modelling and reporting in product development & profit-testing, IFRS17, solvency, risk capital, management and financial reporting, regulatory compliance.
Main Responsibilities
- Actuarial reporting for financial & regulatory compliance: Including actuarial reserving, IFRS17 modelling, Financial Condition Report, Solvency, Risk Based Capital reports
- Product Development: -
- Pricing, profit-testing, system set-up
- Development of policy documents for new products
- Developing illustrations for new products
- Ongoing profitability monitoring of the product
- Scenario & sensitivity testing
- Actuarial experience analyses including mortality investigations; persistency; expenses; investment returns; analysis of reserves & surplus
- Value of new business, embedded value & Asset Liability Management valuations
- Projections and Budgeting: Projected actuarial reporting for financial statements & strategic planning
- Actuarial risk technical modelling and use of internal models
- Gives leadership and technical direction to staff under supervision in performing actuarial functional work
- Perform other duties as may be assigned from time to time
Academic Qualifications
- Bachelor’s Degree in Actuarial Science, Statistics, Mathematics or any other related field
- Professional actuarial exams (minimum of 7 exams completed)
Key Competencies
- Accountability for results
- Diligence
- Team management
- Actuarial judgement skills
Experience
