Actuarial Assistant

My client is seeking an Actuarial Assistant to undertake actuarial responsibilities, as directed by the Chief Actuary, in respect of the underwriting companies.

Personal and Professional Requirements

• Studying part qualified Actuary (ideally completed no less than 6 CT's but has over a year left to qualify)
• Previous Non Life experience preferred
• Able to work autonomously and as a team
• High standard of IT skills required
• Good communicator, written and verbal

Responsibilities

• To assist in the risk assessment of existing and new business opportunities.
• To provide client performance reviews of all existing material clients across Europe, including embedded profit calculations.
• Assisting with the annual planning process as directed by the Chief Actuary.
• To assist in the production, and maintenance of a process for producing an Individual Capital Assessment (ICA) in line with FSA regulations.  Going forward, this should include a full annual assessment, an interim update and ad hoc reassessment as and when the situation and conditions require.
• To support ongoing financial and Operational Risk management and assessment.
• Assisting the Chief Actuary in setting the group claims reserving policy and methodology.
• To calculate the levels of technical provisions on a regular basis, in particular IBNR claims, reported claims, unearned premium and unexpired risk reserves.
• To assist the Actuarial Function Holder (AFH) to perform the duties including producing an annual report on the statutory reserves and reserving basis.
• To assist in the production of reserving reports, produced at least annually.