Financial Reporting Actuary
2 weeks ago
Willis Towers Watson operates a number of outsourced actuarial function projects for a variety of Life Insurance companies in the UK.
As a nearly or recently qualified actuary in the Life Actuarial Outsourcing team, you will be working as part of the financial reporting team for one such project.This will cover all areas of actuarial work, from Solvency II valuations, IFRS, ORSA, with-profitsand strategic projects, including the opportunity to be involved in a live IFRS 17 implementation project.
This is a unique opportunity to join a consultancy practice but work in a team that operates like an insurance company giving you wide-ranging exposure and experience and truly the best of both worlds.In particular, as part of a growing team, there are abundantopportunities for developing your career and a proactive management team on-hand to support you.
You will be part of a strong, diverse and dedicated team of associates who work in the outsourcing team, with a passion and drive for what they do.
Willis Towers Watson is a leading provider of insurance technology solutions and through this role you will gain exposure to the latest and greatest actuarial software and experience in using it to deliver live actuarial reporting.
You will have regular engagement with the client, including communicating results (to both actuaries and non-actuaries) and advising on a wide range of actuarial matters.
**The Role**
**Actuarial responsibilities**:
- Technical review of all major actuarial work, from quarterly SII reporting, experience investigations, ORSA, IFRS, with-profits and through to other actuarial projects as they arise.
- Involvement in an on-going IFRS 17 implementation.
- Strong technical and actuarial skills to interpret, challenge and review a variety of actuarial results (analysis of change, sensitivities, etc)
- Reviewing of Solvency II reporting and other metrics (IFRS / EV)
- Report into senior actuaries (such as Head of Reporting)
- Preparing drafts of reports and able to explain results appropriately
- Advise the junior team on methodology and approach
- Complete work in adherence to professional excellence and external standards and enforce these within the team
**Management**:
- Deliver work in accordance to financial reporting timetables.
- Liaise with the client to ensure the timetables and deadlines are mutually achievable.
- Work with the Head of Reporting to ensure the team is suitable resourced and manage upcoming priority and workflow.
**People**:
- Build relationships internally and collaborate effectively on cross-functional teams
- Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
- Takes an active interest in the development of more junior staff, sharing in detail the completion of routine tasks
**Client/Account Management**:
- Outsourcing contracts are long-term and you will be involved in nurturing and managing the relationship with the client.
- Deliver on projects to meet or exceed client expectations
**Continuous improvement**:
- You will have responsibility to proactively seek and drive improvements to all aspects of the outsourcing project.This may be through a variety of process, system and people related improvements.
- Work with the continuous improvement manager to ensure these are delivered and that the job and team is operating efficiently and effectively.
**The Requirements**:
- Nearly or recently FIA qualified (or equivalent).
- Manchester office location, but with remote working in current environment and expected part-time remote working once normal business resumes.
- Experience and expertise delivering a range of financial and actuarial reporting, with Solvency II reporting experience as highly preferable.
- A willingness and keenness to learn and develop within a growing team.
- A demonstrable track record in delivering high quality output.
- Strong sense of personal accountability and drive to improve the way we work.
- Excellent stakeholder engagement, interpersonal and team skills
- Ability to work within teams.
- Flexibility and proven ability to diagnose and resolve issues
- Strong analytical and creative skills
- Proven delegation skills and a natural desire to coach and mentor junior associates
- Strong Microsoft Office skills, particularly Excel.
**Equal Opportunity Employer
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