Actuarial Specialist: Capital and Projects needed at Hollard Insurance

Job Advert Summary    

• This role will involve supporting the various functions within Hollard Long-term Corporate Actuarial team with a focus on assisting the Capital and Projects team to manage the  capital calculations and driving capital efficiencies. In addition, the Project team capability within the Corporate Actuarial team will report into this role in order to Manage ad-hoc requests and projects to enable and improve own deliverables as well as to manage stakeholder expectations.

Key Responsibilities

• Assisting with the Capital calculations for the two life licenses within Hollard
• Calculation of SAM liabilities, Own Funds and SCR cover ratios
• Involved in producing and providing insight on annual budgets, forecasting and ongoing monitoring of experience within the supported business.
• Consolidation of results and the calculation of various profit or performance metrics on a SAM basis e.g. Net Generated Equity, Return on Capital.
• Manage the implementation of the Iterative Risk Margin implementation as well as other capital optimisation initiatives
• Assess, develop, and distribute solutions around efficient balance sheet management e.g., reinsurance arrangements and optimization.
• Stress and scenario testing so as to understand the resilience of the business to a variety of events.
• Completing and reviewing returns submitted to the Prudential Authority, FSCA, ASISA, NCR, and other regulatory and industry bodies.
• Providing technical support and advice on the impact of dividends on the solvency position of both Long-term licenses.

Required Knowledge and Experience    
Required Experience

• A minimum of 3 – 5 years relevant actuarial experience
• Preferably have prior Life Insurance valuation and capital experience
• Must be familiar with the FSI and FSG requirements
• Must have a successful track record of having worked on projects and ad-hoc tasks

Required Knowledge and Skills

• Good Understanding of the different life insurance valuation methodologies (e.g. published, statutory, etc.) and reporting requirements applicable to life insurance companies
• Growing understanding of key actuarial concepts and principles applicable to life insurance
• Understanding of the financial reporting/systems and reporting requirements applicable to life insurance companies
• Good MS Excel skills (including VBA) are a basic requirement
• SQL experience will be an advantage
• Strong technical, analytical and communication skills
• Ability to take ownership of their tasks
• Ability to work independently and accurately
• Strong detail orientation coupled with the ability to work with vision in mind
• Ability to understand the urgency or importance of various tasks, with the ability to prioritise these
• Ability to work well within a team environment

Educational Requirements    

• Significant progress on all the subject requirements for TASSA and/or AMASSA (or international equivalent) designation through the Actuarial Society