Assistant Actuarial Manager

Principal Accountabilities:

• Establish and/or maintain system/Infrastructure that supports the IFRS Reporting Standards, Regulatory Capital, Risk Appetite framework, Stress Testing methodologies, Economic Capital methodology, and which supports business objectives.
• Evident compliance with internal policy and regulatory requirements, to support the Internal/ External Audit processes.
• Positive feedback from modelling customers and stakeholders.
• Effective communication with customers to ensure smooth coordination and delivery of solutions.
• Positive feedback from other team members and line manager.
• Demonstration of effective teamwork through provision of high quality work.
• Encourage a proactive information exchange for a supportive working culture among the teams / other departments.
• Suitably evidenced compliance with Group standards and applicable controls.
• Satisfactory outcomes from internal and external audit activities.
• Enhanced ways of working.
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Qualifications:

Knowledge

• Detailed knowledge of insurance cash flow modelling techniques and concepts.
• Good working knowledge of insurance products and balance sheet dynamics, obtained through exam progress and meaningful work experience.
• Good knowedge and understanding of at least one risk-based capital framework (e.g. Solvency II, HK-RBC, Singapore RBC2, C-ROSS).
• Knowledge of IFRS17 would be beneficial.

Experience

• Significant experience of cashflow modelling, in a life office (Reporting/Pricing) or consulting context.
• Experience of Prophet Development and/or Testing activities would be highly beneficial
• Experience of with-profits designs and stochastic modelling would be highly beneficial.
• Experience of Tyche, Python or SAS would be beneficial.

Skills

• Strong cash-flow modelling skills and high level of proficiency in Prophet.
• Good communication and interpersonal skills.
• Ability to form effective relationships with customers and partners in the insurance group and wider bank.
• Ability to prioritise competing demands and demonstrate flexibility to meet dynamic requirements.

Qualifications

• Good progress towards actuarial qualification (FSA/FIA/FFA/Equivalent).