Contribute to the continued transformation to a best-in-class actuarial department. This will involve using modern data tools to actively implement process improvements and efficiencies across the actuarial modelling, reporting and assumption setting processes.
Lead the Best Estimate Assumption Setting process for all UK business
Participate in the regular Solvency II reporting work ensuring reports are delivered within deadlines to required standards.
Deliver timely and good quality actuarial services to internal and external stakeholders
Principal duties and responsibilities
Process Improvements and Efficiencies:
Proactively identify and implement process improvements and efficiencies to reduce manual effort within the corporate reporting team. This includes Prophet model developments, improving controls and documentation/audit trail.
Best Estimate Assumption Setting:
Lead the assumption setting process for expenses, longevity, protection mortality, morbidity and lapses.
Quarterly and Year End Solvency II reporting
Undertake tasks as required to ensure that the quarterly calculations and reports are completed in line with agreed deadlines and to the accuracy levels expected by the users and recipients. Metrics covered include BEL, ANAV and VNB.
This includes providing inciteful commentary explaining YTD movements
Complete annual sensitivity reporting as required to support the capital model calculations
Management of Direct Report
Plan work, have regular 121s, set objectives, annual reviews, give constructive feedback, support development.
Participation in other departmental activities as required for example Internal Model calibration work or audits.
Participation as required in wider UK or Group projects, for example IFRS17.
Actively participate and contribute to SCOR’s actuarial community, including relevant ad-hoc actuarial, inter-departmental or Group projects.
Keep abreast of the current developments of UK & EU regulatory and financial reporting standards for life insurers.
Build and maintain professional relationship with other life functional areas, internal & external auditors and SCOR UK’s business partners.
Newly qualified member of UK actuarial profession (or equivalent)
Required experience & competencies Essential
Minimum of 5 years’ experience in the Life (re-)insurance industry
Excellent knowledge of Microsoft packages (particularly Excel)
Knowledge of the UK protection market
Knowledge of Data Science applications such as R, Python or Tableau