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Finance Actuary

Employer
ANB Partners
Location
London, United Kingdom
Salary
£70k - £85k
Closing date
Mar 29, 2023

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Job Function
Insurance
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
We are looking for an enthusiastic and highly motivated recently qualified actuary to join our UK actuarial team. The Finance Actuary will play a critical role in supporting their growing portfolio of Reinsurance Business, including the integration of new deals into our existing book.

RESPONSIBILITIES

Develop models for reserving, experience analysis and capital management for new reinsurance deals;

Analyse market and own experience to propose actuarial assumptions for the reinsurance business and review those with key stakeholders in our UK and Bermudian actuarial teams.

Carry out due diligence on operational aspects of potential new deals, including the review of the cedant's actuarial and administrative processes and assessing the fit of these with those used for thier existing business;

Assist our UK and Bermudian actuarial teams with Financial Reporting on both regulatory and collateral account bases;

Carry out business planning, experience analysis and stress testing for both new deals and the existing reinsurance portfolio;

Ensure actuarial controls are monitored and maintained via the Risk and Control Self-Assessment process. Develop new controls for new reinsurance deals where appropriate; and

Provide actuarial support as required, to other teams, including Underwriting, Finance, Investments and Risk

ROLE REQUIREMENTS
  • University degree with UK 2:1 or higher (or equivalent)
  • Recently qualified Actuary ideally (will look at 1-3 years PQE);
  • Knowledge of Actuarial Modelling software (e.g. Prophet or RAFM) would be beneficial but not essential;
  • Strong understanding of life (re)insurance products, especially annuities and protection business;
  • Experience in financial reporting, reserving, capital management and experience analysis;
  • Effective communication, presentation and interpersonal skills;
  • This role would suit a person who is a dynamic team player;
  • Willing to accept a variety of challenging technical and non-technical matters; and
  • Be both flexible and adaptable to a changing environment, while having the ability to prioritise work efficiently and effectively.

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