Annuity Reporting Supervisor

SUMMARY:
Annuity Reporting Supervisor

POSITION INFO:

Annuity Reporting Supervisor

An exciting opportunity exists within the Corporate Actuarial team offering exposure to an interesting combination of technical and business issues. The role requires a technically sound individual, who is able to manage and coach team members, and collaborate effectively with various teams and stakeholders at all levels.

In this role you will manage a small team to deliver the financial, capital and risk reporting for the Corporate Annuities book, which comprises a large with-profits book as well as inflation-linked and non-profit annuities. You will work closely with asset managers to ensure portfolios are rebalanced regularly, and support the business partner with bonus recommendations. There will also be regular interaction with the product team to support the take-on of new schemes. This role offers the opportunity to obtain insight into the key financial drivers of the corporate annuity products, link metrics and extract insights for business consideration

The incumbent candidate will also oversee the implementation of the development projects, particularly the IFRS17 project, in the annuity products. There will be a strong focus on ensuring processes are robust, efficient and fit for purpose, with appropriate controls.

Annuity products reserving, embedded value, capital and business insights: Oversee the valuation process and provide insights on the annuity financial results and performance, while ensuring appropriate controls, including:

Key Areas

•  Reserving

•  Market consistent embedded value

•  Value of new business

•  Analysis of surplus and embedded value

•  Solvency capital calculations

•  Earnings at risk

•  Experience investigations

•  Development and maintenance of tools to analyse actuarial data and results in order to enhance management reporting

• Produce reports providing insights into business results and emerging trends

• IFRS 17 development and implementation: Drive the implementation of   IFRS17 in the annuity products:

• Data and infrastructure imPolicy and methodology formulation

• Transition calculations

• Actuarial modelling support

• Actuarial and finance process enablement

• Business impact analysisplementation

Process efficiency and automation: Ensure processes are efficient, robust and fit for purpose. Ensure the control environment is adequate and effective.

• Provide mentorship and leadership to a small team of actuarial students

• Ad-hoc projects: Support the delivery of relevant projects objectives, as and when these arise

Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience

Role Details

Qualified/Nearly Actuary - exceptional candidates that don’t meet this requirement may be considered.

• 5 years actuarial experience

• Strong technical skills and attention to detail

• Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal)

• Experience leading a team

• Strong stakeholder engagement skills

• Ability to collaborate effectively with others

• Competencies

• Strategy

• Innovation

• Leading with Influence

• Collaboration

• Customer First

• Execution

NB! This job is now closed. You can apply for other jobs by uploading your CV.