Actuarial Analyst at Liberty Life

Job Summary

The role holder will be responsible for providing actuarial support to the general insurance business and participating in overall risk management for the company.

Key Responsibilities

• Actuarial valuations: Assist in the accurate calculation & monitoring of technical reserves using appropriate actuarial methodology and assumptions for financial reporting, regulatory reporting and group reporting.
• Perform calculations in relation to Asset Liability Matching (ALM), economic capital and solvency assessment of the Company that is used as input for risk management.
• Product development: Assist in the design, pricing and set-up of products in the administration system and ensuring the relevant actuarial product signoffs are obtained. Subsequent follow up on regulatory approval on all products
• Conduct experience analyses for the purpose of valuations, product development, risk management and management information.
• Regulatory compliance: Ensure regulatory actuarial reports for both quarterly and annual reporting are prepared and submitted.
• Assist the business in implementing regulatory guidelines that touch on actuarial issues including regulatory reporting
• Project involvement for running projects that may require actuarial input.
• Perform analysis on industry and market trends to inform decision making.
• IFRS 17 support: Work closely with the IFRS 17 lead and assist with dry runs and modelling.
• Embrace governance requirements with respect to KYC/AML/Data protection requirements per governing Acts.

Qualifications

• BSc. Actuarial Science, Statistics, Mathematics or related qualifications
• Progress in Institute and Faculty of Actuaries UK examinations (at least 2 papers) or equivalent

Experience

• Minimum of 1-year relevant experience

Competencies

• Strong Interpersonal skills
• Knowledge of insurance industry
• Knowledge of reinsurance arrangements and structures
• Knowledge of statistical packages or programming (e.g. SAS, Visual Basic)
• Report writing skills
• Data Manipulation, Data Wrangling and Data Checking Skills
• Team Player
• Business acumen
• Ability to prioritize tasks and manage time efficiently
• Presenting and communicating information
• Adhering to principles and values