Senior Actuary

4 weeks ago


Potters Bar, Hertfordshire, United Kingdom CLFIS Limited Full time

Job Purpose

This position will be responsible for Independent Validation of CLFIS Limited's Internal Model and provides second line oversight of model risk at CLFIS Limited. A key role that contributes to the CRO's Opinion of the ongoing appropriateness of the Internal Model.

Key Responsibilities

  • Deliver Independent Validation of the Internal Model for CLFIS Limited. Regular activities include:
  • Challenge business teams on proposed model & methodology changes
  • Perform Independent Validation reviews of Internal Model components including market, credit, & life insurance risk models
  • Confirm factual accuracy of findings with stakeholders and summarise points into Executive-level reports
  • Support the maintenance of a rolling schedule of review activity to provide appropriate coverage of Solvency II requirements

Requirements

  • Experience in the life insurance industry
  • Strong technical knowledge and an understanding of Solvency II capital requirement calibrations
  • Knowledge of Internal Model capital calibrations and if not already an expert in the various elements of risk modelling within the CLFIS Limited model, possess the technical ability to rapidly become technically proficient in those areas

Benefits of working at CLFIS Limited

We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a CLFIS Limited colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with income protection, private medical insurance and life assurance.

How we work at CLFIS Limited

Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others.


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