GB Actuarial Manager Actuarial Manager/ Rosebank
• Design new products and solutions and support product development initiatives including the design and pricing of insurance products and maintenance of existing products.
• Pricing of new group schemes and reviewing of existing group schemes based on claims experience.
• Compilation of product specifications and benefit design, premium rating, profit testing, product technical specifications and in some cases participate in the finalisation of documentation per product offering.
• Develop business models and client proposals for new businesses, ventures, products and channels.
• Monitoring profitability of new and existing schemes and products, product risks and financial management to ensure business success for Group Benefits.
• Monthly reporting on profitability, scheme renewals and quotations, highlighting any risks.
• Setting pricing bases, including reviewing and updating existing bases.
• Calculation of monthly reserves
• SAM and ORSA calculations
• Reviewing and updating reserving, SAM and ORSA methodology and assumptions.
• Sign-off on group scheme quotations and renewals.
• Oversee and continuously develop the quotation and renewal processes.
• Design, amend and implement tools and pricing models to support the pricing functions within the business.
• Assist in the development of the IFRS17 assumptions, bases and models for Group Benefits.
• Provide technical assistance to the Group Benefit distribution and administration functions.
• Ensure all products and schemes are TCF
• Adhoc investigations
Qualification & experience
• Actuarial Degree
• Senior actuarial student, with no more than 4 exams outstanding
• Minimum of 3 years’ experience in a general Group Benefits environment
• Minimum of 2 years management experience
Knowledge and skills
• Proficiency in Microsoft Office