Major insurer is seeking a qualified life actuary to lead and drive the co-ordinated development and on-going operation of the Group’s Internal Model, being responsible for the development and delivery of the annual programme of results and model change.
Working with the Group Change, Divisional Finance and Actuarial teams, you will co-ordinate the development and strategic direction of the annual Model Development Plan, including the development of the PRA Engagement Plan.
You will also review the technical content of Internal Model change and the BAU review of methodology and calibration.
In addition, you will own the production and delivery of the Annual Major Model Change Application, including the oversight and review of the technical content within the Application.
With a detailed understanding of SII and Economic Capital Principles and how they apply in practice, the successful candidate will possess knowledge of actuarial liability reporting and analysis across various metrics with the ability to identify likely relative movements across these metrics.
Detailed understanding of financial and insurance risk management, including a deep practical and technical knowledge of the drivers of risk capital, also essential.
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