The Role:
- Ensuring the timely and accurate delivery of Group specified financial risk metrics including IFRS and SII sensitivities to Group SST customers. Working closely with the Divisional SST teams, conducting effective results reviews using appropriate level of governance, and providing support to Group SST customers to ensure results are used effectively.
- Developing, implementing and maintaining the team's reporting systems, and processes. Ensuring that systems and processes are robust, with any associated risks assessed and appropriately controlled.
- Demonstrating an attitude of continuous improvement, by taking responsibility for improving the efficiency and effectiveness of the processes and methodologies used by the team.
- Taking responsibility for promoting compliance with the Group framework for Group and Divisional activities; and maintaining the framework according to changing business needs.
- Actively participating in the Group governance committee meetings, and proactively liaising with Group and Divisional production teams and stakeholders for upcoming process/methodology changes.
- Taking responsibility for maintaining the relevant Group definitions and methodologies used for aggregation of financial risk metrics in compliance with the framework requirements, to ensure that relevant documentation is good quality and up to date.
- Supporting in the prioritisation, development and implementation of system, process and methodology changes (e.g. embedding IFRS17 financial risk metrics, developing climate and liquidity related financial risk metrics). Which will include working closely with other teams within Group Finance and Divisions to support the wider change agenda.
- Representing Group for financial reporting and related MI within the company appropriately. Which will include building and maintaining effective relationships with stakeholders including other teams in Group Finance, BAU Finance teams, Investments, and Group Risk.
- Owning the continual development and maintenance of proactive engagement to ensure deliveries continue to meet the needs and the quality expected.
- Providing support on ad hoc productions of financial risk metrics (such as the PRA Insurance Stress Testing exercises) which may range from development of Group level methodology to co-ordination of tasks across various production teams.
The Candidate:
- A Qualified Life Actuary
- An in-depth knowledge of IFRS and Solvency II Reporting Metrics, Annuity Products and Risk & Regulatory requirements
- Experience of IFRS and Solvency II reporting
- Strong analytical skills with the ability to review results for reasonableness
- Strong stakeholder management experience
- Experience in reviewing processes and implementing improvements
- Advanced VBA and Excel skills are desirable