Actuarial Specialist, Capital Management at Liberty Life

Job Summary

The Specialist, Capital Management will be responsible for supporting the capital management and solvency enhancement initiatives in life business as well as participating in overall risk management for the company.

Key Responsibilities

• Support the management of the business’ capital position to ensure efficiency.
• Provide comprehensive actuarial reports to the business periodically and highlight key issues on an ongoing basis including solvency and capital monitoring.
• Analyse the capital position and identify inefficiencies.
• Support regulatory and economic capital framework for the business.
• Provide comprehensive actuarial reports to the business periodically 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.
• Develop monthly reports for management and ensure compliance to IRA regulation.
• Provide input in the reserving process.
• Build simple models (such as cash flow) models for both reporting purposes and to better understand the business.
• Assist in the carrying out projections during the annual budgeting process
• Carry out monthly asset-liability matching and rebalancing instructions.
• Provide analysis to support the application of appropriate reinsurance arrangements.

Qualifications

• Bachelor’s degree in actuarial science, statistics, engineering, mathematics, or any equivalent with a strong emphasis on mathematical proficiency
• Progress in the Institute of Actuaries examinations (9 papers)

Experience

• At least 4 years’ experience in the insurance industry or similar experience in a reputable organization

Competencies

• Strong interpersonal skills
• Ability to prioritize tasks and manage time efficiently
• Team player
• Solutions - focused mindset
• Knowledgeable in financial solutions and market trends
• Business acumen
• Report writing skills
• Data Manipulation, Data Wrangling and Data Checking Skills
• Programming Skills: VBA, R or Python