Annuity Reporting Supervisor
Corporate Actuarial team offering exposure to an interesting combination of technical and business issues.
In this role you will manage a small team to deliver the financial, capital and risk reporting for the Corporate Annuities book, which comprises a large with-profits book as well as inflation-linked and non-profit annuities.
You will work closely with asset managers to ensure portfolios are rebalanced regularly, and support the business partner with bonus recommendations.
There will also be regular interaction with the product team to support the take-on of new schemes. This role offers the opportunity to obtain insight into the key financial drivers of the corporate annuity products, link metrics and extract insights for business consideration.
The incumbent candidate will also oversee the implementation of the development projects, particularly the IFRS17 project, in the annuity products.
There will be a strong focus on ensuring processes are robust, efficient and fit for purpose, with appropriate controls.
Key Responsibilities :
Annuity products reserving, embedded value, capital and business insights : Oversee the valuation process and provide insights on the annuity financial results and performance, while ensuring appropriate controls, including :
Market consistent embedded value
Value of new business
Analysis of surplus and embedded value
Solvency capital calculations
Earnings at risk
Development and maintenance of tools to analyze actuarial data and results in order to enhance management reporting
Produce reports providing insights into business results and emerging trends
IFRS 17 development and implementation : Drive the implementation of IFRS17 in the annuity products :
Data and infrastructure implementation
Policy and methodology formulation
Actuarial modelling support
Actuarial and finance process enablement
Business impact analysis
Process efficiency and automation : Ensure processes are efficient, robust and fit for purpose. Ensure the control environment is adequate and effective.
Provide mentorship and leadership to a small team of actuarial students
Ad-hoc projects : Support the delivery of relevant projects objectives, as and when these arise
Qualified / Nearly Actuary - exceptional candidates that dont meet this requirement may be considered.
5 years actuarial experience
Strong technical skills and attention to detail
Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal)
Experience leading a team
Strong stakeholder engagement skills
Ability to collaborate effectively with others