The role will sit within the Insurance Risks team which has the following key responsibilities:
- Development of Methodology & Assumptions for use in pricing and valuation of insurance risks.
- Development of Insurance Proposition to retain/create value.
- Delivery of risk management initiatives to optimise return on capital and operating profit.
- Development of End-to-End management process for Insurance Risk
About the role
- Developing models to support the management of insurance risks e.g., Longevity, Mortality and Persistency.
- Undertake technical analysis using standard actuarial and analytical techniques in accordance with agreed guidelines and methodology.
- Challenge and make improvements and efficiencies to processes, and procedures to make them more accurate and/or efficient.
- Identify areas in processes which have a high level of risk or control failure and escalate to team manager, with suggestions for improvements.
- Maintain the systems/processes used within the required level of governance.
- Provide support in the testing of changes to the systems/processes.
About you
- Be partly qualified and studying towards the Institute and Faculty of Actuaries (IFoA)
- Exam stoppers will also be considered for this role
- Strong analytical and problem-solving skills, with the ability to think critically and independently.
- Solid understanding of probability theory, statistics, and financial mathematics.
- Excellent communication skills, both written and verbal, with the ability to present complex information in a clear and concise manner.