Validation Actuary - Insurance

Recruiter
GSA Techsource Ltd
Location
Telford
Salary
1000.00 GBP Daily
Posted
12 Oct 2017
Closes
18 Oct 2017
Contract Type
Contract

Validation Actuary, Insurance, Financial, Risk, Finance, Actuarial, Stakeholders, Projection, Testing.

Our client is seeking an Actuary with previous insurance experience to provide independent validation of the clients Internal Model application over 2017, contributing to the overall validation opinion, which will accompany the application. The work will include working on the validation of the Partial Internal Model which will be submitted in March 2018.

The position is for 3 months, based in Telford. Day rate up to GBP1000.

Your Role & Responsibilities

Conduct & Fair Customer Outcome responsibilities - Putting customer's interests at the heart of how we conduct business. Demonstrated through your individual behaviours with a clear focus on treating our customers fairly and delivering the right outcomes at all stages throughout the product life cycle.
Assist the team's production of the annual Stress and Scenario Testing exercise for the ORSA. This will include defining the stresses and calibrations to run, agreeing on deliverables with external stakeholders and assisting in authoring this section of the ORSA.
Assist the team in its role of validating the company's Solvency II Partial Internal Model. This will include providing opinion and review of the technical documents driving the model's design, reviewing approaches to the calculation of stressed balance sheets, and coordinating the different views of other Risk Management functions
Perform regular risk reviews as they arise within the Risk Assurance Plan
Validate the business's compliance with the Use Test requirements of the Solvency II Partial Internal Model
To provide risk input into projects as they arise, including merger and acquisition activity
Collaborate with other Risk functions to enable reviews of investment strategy
Continual development and monitoring of the risk appetite framework for the business.

Skills & Experience

Knowledge of the requirements of Solvency II in relation to the Risk Function
Background in risk modelling
Strong ability in MS Office applications
Previous life insurance experience
Basic report writing experience
Previous experience in using Matlab software is desirable but not essential
The applicant should be qualified with Institute and Faculty of Actuaries
Educated to degree standard in a mathematics or an alternative quantitative discipline

GSA Techsource Ltd operates as an Employment Agency when recruiting for permanent vacancies, and an Employment Business when recruiting for contract vacancies. All contract rates quoted are to Ltd companies.