Actuary - Head of Solvency II & Actuarial
Company: Tony Martin / Tony Massenhove Job Ref: 1154/TM Start Date: ASAP Hours: Full Time Location: London, England Working Term: Permanent Position Salary: Negotiable
Description:Head of Solvency 2 and Actuarial
Our client a reputed Motor Insurance Group are looking to appoint a Head of Solvency 2 and Actuarial in relation to its UK and European Operations.
The group writes predominantly motor business and has a Gross Written Premium of £80 million.
With a new capital backer the company has ambitious growth plans to double in size over the next four years.
The position will be primarily based at the UK offices in London with some European Travel as required.
This a newly created role that is currently spread around various senior personnel and outsourced providers.
The successful candidate will need to be self-motivated and have the confidence and gravitas to operate at a senior level with board members, private equity investors and the European Reinsurance Market.
Ideally a qualified actuary with experience in a consulting or UK motor role.
Producing year end technical provisions and standard formula Solvency Capital Requirement (SCR).
Review of key assumptions used in the SII technical provisions and SCR calculations.
Reviewing and performing checks around data and information provided for technical provisions to ensure the accuracy and completeness, prior to use.
Review or produce Solvency II quantitative reporting templates.
Drafting actuarial function reports.
Working with clients to continually enhance data quality as required under SII.
Enhance existing reserving process or software as and when necessary.
Attend client meetings with Partner(s).
Keeping abreast of changes in SII regulation and their potential impact on the technical provisions and standard formula Solvency Capital Requirement.
At least two years of experience working on Solvency II technical provision submissions and a strong knowledge of SII guidance is necessary.
Minimum three years of general insurance experience.
Full actuarial qualifications preferred.
Strong ability to interact with other disciplines.
Project management and organization skills are essential.
Other programming skills?
Reserving experience is essential.
Proven ability to work under time pressure without compromising quality.
Detail-oriented, yet able to understand and effectively communicate key results to both actuaries and non-actuaries.
Salary and benefits will be market rate to attract the best candidates.