Current jobs related to Actuary Ireland - Wythall - Phoenix Group Holdings

About the Role:

We are seeking a highly skilled Actuary to join our Internal Model team at Phoenix Group Holdings. As a key member of our team, you will be responsible for supporting the Internal Model Lead in demonstrating the ongoing appropriateness of the Internal Model to internal stakeholders and the Central Bank of Ireland.

Key Responsibilities:

• Perform regular review of assumptions and methodology, including interim monitoring and reporting of key Management Information.
• Ensure methodology remains appropriate for the company's risk profile.
• Perform line 1 validation activity to evidence compliance with Solvency II Internal Model requirements.
• Carry out any requisite model and methodology changes in compliance with the Model Change Policy.
• Draft and present monitoring, model change requests, and other ad-hoc IM papers to Management and Board Committee as well as the regulator where required.

Quarterly SCR Productions:

• Quarterly review of the SCR for Internal Model risk modules, including:
  • Review of updates to calculations engines in compliance with company End User Computing standards.
  • Review of Analysis of Movement and commenting on reasonability.
  • Production of valuation control reports.
  • Presenting results to Head of Actuarial Reporting and the Head of Actuarial Function.

Other Responsibilities:

• Ensure all Internal Model methodology and process documentation remains up-to-date.
• Lead, develop, coach, and mentor actuarial trainees and analysts as required to maximise their contribution and ensure they are fairly rewarded.
• Support other valuation activity carried out within the wider Actuarial Financial Reporting team.
• Develop and maintain internal relationships within SL Intl (in particular the Actuarial, Finance, and Risk functions) as well as the Life Actuarial, Life Finance, and Capital Management functions within the Phoenix Group.
• Provide support and key input into various changes or projects within SL Intl (and wider Group) where required.
• Act as actuarial subject matter expert on strategic business or Group level projects to ensure specialist input is provided to business decision making.

Requirements:

• Qualified Actuary (1-5 years PQE).
• Experience in life insurance industry - (Internal Model/Capital Management experience a bonus).
• Strong technical knowledge and understanding of Solvency II capital requirement calibrations and good understanding of Solvency II as a whole.
• Excellent communication skills (written and verbal), both with a technical actuarial audience and also simplifying the communication of technical issues to a non-technical audience.
• Experience delivering presenting to Management and Board Committees.
• Ability to understand key issues quickly and to form sound judgements on what is important.
• Good influencing skills and experience of engaging with senior management to get desired outcomes.

About Us:

We are committed to ensuring that everyone feels accepted and welcome. If your experience looks different from what we've advertised and you believe that you can bring value to the role, we'd love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.