Senior Actuarial Reporting Analyst

  • Job Reference: BBBH141299_162618616
  • Date Posted: 13 July 2021
  • Recruiter: Jefferson Wells
  • Website: https://www.jeffersonwells.co.uk/
  • Location: London
  • Salary: £475 to £515 Per Day
  • Sector: Insurance & Superannuation
  • Job Type: Contract
  • Duration: 3 Months
  • Work Hours: Full Time

Job Description

Senior Actuarial Reporting Analyst - London

 

Senior Actuarial Reporting Analyst - London

 

This role is based in London

 

The duration of this contract is 3 months initially

 

The pay rate on offer is up to £515 per day (via Umbrella ONLY)

 

 

This role is working for a multinational insurance corporation with operations in more than 80 countries and jurisdictions

 

 

Why Work For Us:

 

We have a small team atmosphere which brims with enthusiasm and has a wide breadth of technical knowledge. Everyone focuses on the job in hand, and there is a great working atmosphere with open discussion. This is an excellent opportunity to join a knowledgeable team that produce results for both Individual and Group protection products under various metrics that are able to be fed back into the wider business to help management make decisions in order to improve the quality of our products for our customers.

 

The Reporting team is part of a wider Actuarial Team that also consists of Pricing, Reinsurance, Research & Value Management, Capital and ALM and Actuarial Systems. We also work closely with other teams such as Finance. There is considerable opportunity for contact with other areas of the business, exposure to Senior Management, Directors and US stakeholders.

 

About The Role:

 

Key Duties:

  • Production of regular actuarial reports for UK GAAP, US GAAP and MCEV
  • Performing checks on valuation data to ensure it is fit for use and facilitating a resolution process to ensure the quality of data
  • Provide insight on results and explanations for changes relative to budget taking into account wider business decisions
  • Checking the work of Junior Analysts and ensuring a clear audit trail of work
  • Monitor and analyse new business volumes and the profitability of new business to advise on changes required to meet both volume and profitability targets.
  • Contribute to the development of reporting tools and processes for the purpose of new product launches, regulatory developments and to ensure the team is continually looking for ways to optimise and improve efficiency
  • Assist the Reporting Manager in the monitoring and understanding of the implications of regulatory developments in UK GAAP, US GAAP and EV reporting
  • Involvement in the annual budget process to produce forecasts for UK GAAP, US GAAP, SII and EV allowing for both inforce business and expectations of future new business sales

 

What We're Looking For:

  • Part qualified Actuary - ideally should have passed all Core Principle subjects, CP1 or an SP and be making good progress with the exams
  • Experience:
    • Good understanding of key valuation principles and reporting metrics i.e. UK GAAP, IFRS or MCEV reporting. Knowledge of US GAAP and SII would be desirable but not required.
    • Good knowledge of the UK individual and group protection market and products
    • Experience of cash-flow modelling tools (e.g. Mo.Net, Moses, VIP, Prophet)
  • Skills:
    • Advanced skills in Excel
    • Programming skills (e.g. SQL, VBA) is an advantage
    • Excellent communication skills, both written and verbal
    • Attention to detail
    • Collaborative team work
    • Ability to manage workloads to meet tight deadlines