Time Type:
Full time
Working Pattern:
Hybrid
Purpose of the Role
A high performing and forward-looking actuarial department are looking for a Senior Actuary to support the Deputy Chief Actuary in leading and maintaining the actuarial function for AEGIS London. This includes ensuring the actuarial function continues to be a business partner, value-adding and driver of business decisions.
We are looking for a qualified Actuary to join the team where they will get exposure to all the traditional actuarial roles (capital modelling, pricing, reserving, business planning etc), which makes this an attractive proposition for an individual to broaden their experience.
Strong actuarial presence is at the core of the organisation, across all departments including the Executive team. The ideal candidate would have a Mathematical/Statistical/Science background, at least a high level understanding of coding/data science and will be comfortable interacting with senior stakeholders (Executive Management and the Board) and other teams within the business.
Duties And Accountabilities
Actuarial Analysis and Reporting:
- Generate new content for the business, including:
- Standard Formula vs Internal Model analysis
- Multi-Year Capital projections
- Enhancements to Technical Provisions process
- Updates to Lloyd’s Capital Requirement 311/312 forms
- Perform quarterly Solvency II Technical Provisions calculations and present results to management
- Track regulatory updates and manage communications with external stakeholders (e.g. regulators, auditors)
- Ensure assumptions remain appropriate and implement changes where required
Reserving:
- Conduct full quarterly reserving analyses including confidence intervals
- Support the Deputy Chief Actuary in providing an opinion on profitability and reserving levels by business line to assist with overall business planning and analysis
- Manage relationship with the external actuaries and internal/external auditors
Capital:
- Manage the construction, maintenance, parameterisation and running of the Capital Model
- Use the internal model to set capital and report to Capital and Internal Model Committee and the Board
- Managing relationships with internal and external model validation teams
Pricing:
- Work with the Deputy Chief Actuary to enhance the pricing function capabilities maximising investment in the Hx Renew system
- Provide case pricing support to underwriting teams
- Monitor the validity of the pricing output and work with others in the team to enhance analytics in this area to add value to the business
Other:
- Play a key role in supporting the Risk team e.g. Risk Appetite, Validation, Own Solvency Risk Assessment, Profit and Loss Attribution, Internal Model vs Standard Formula
- Work closely with Data Science and Analytics team on combined projects including machine learning in reserving/profit volatility
- Help drive use and improvement of actuarial dashboards (at preset housed on AVA)
- Ensure team are abreast of latest actuarial science and data science techniques and apply them in the various areas of actuarial work
- Provide support as required by the business on an ad hoc basis
- Undertake specific project work and other related tasks to support the work of the Actuarial team as required
Skills, Knowledge And Experience
The successful candidate will have:
- Appropriate actuarial professional qualification
- Excellent statistical and analytical skills
- Ability to make sound decisions
- Strong leadership and management track record (organise, manage and direct teams)
- The ability to motivate, co-ordinate and ensure proper time-management among reports and managing upwards
- Proven stakeholder management including engagement with technical experts, senior management and Board
- Strategic planning and problem-solving skills
- Ability to work under pressure and prioritise important tasks over others
- Strong academic background
- Significant years of actuarial experience preferably in a Lloyd's/London Market environment
- Highly proficient in required IT packages
- Good organisation and planning
- Good written and face to face communication skills
AEGIS Values
Fairness and respect
We make decisions considering the best interests of key stakeholders. We are direct and straightforward in our actions, working collaboratively to create a culture of fairness and respect.
Open and inclusive
We act with integrity, valuing diversity of thought and background. We take time to listen to the needs of our customers, stakeholders and colleagues working together to seek and share information.
Ambitious
We have a passion for success, aspiring to be recognised as best in class. We embrace new opportunities, encouraging innovation in pursuit of our goals.
Striving to be better
We strive to improve at all times, challenging complacency, being agile and adapting to change. We always seek to improve our customers’ experience with us.
Investing in people’s potential
We provide an environment where each employee can reach their personal potential. We encourage personal accountability for performance and individual ownership for growth and success.
AEGIS London is an equal opportunities employer and recognises the value of a diverse workforce in facilitating better decision making and business growth. We encourage a variety of differing views, perspectives and insights to create a collaborative working environment. Diversity and Inclusion are fundamental to our business and we encourage applications from all backgrounds recognising the diversity of society and our customers.
It’s important to us that you are able to perform at your best when applying for a role with AEGIS London. If there are any adjustments we can reasonably make to ensure that the process is accessible for you please telephone us on
+44(0)20 7856 7856 or email
recruitment@aegislondon.co.uk
As a business, we understand individual circumstances may differ and aim to be adaptable and to support flexible working practices. Talk to our recruitment team to understand how AEGIS London can help support you in reaching your full potential
