Reporting to Head of Actuarial AECS, the Senior Actuarial Function will be responsible for coordinating and delivering the worldwide regulatory and other external reserving related requirements for the AECS. The role will liaise closely with the Reserving, Risk and Finance functions.
Key Duties & Responsibilities:
- Be responsible for specific areas of accountability for the actuarial area of the insurance business across the Europe regions.
- Be responsible for driving best practice and contributing to the development and deployment of new capabilities such as compliance with IFRS17.
- Ensure that the methodologies and assumptions used in the calculation of technical provisions are appropriate in relation to the specificities of the individual companies and lines of business
- Check the sufficiency and compliance with the Data Quality requirements of the SII Regulation
- Guarantee the correct information to the AECS Board and Group Committees regarding the reliability and adequacy of the calculation of the technical reserves
- Contribute to the effective application of the risk management system
- Prepare reports and presentations for the AECS Board and Group Committees and the Spanish Regulator.
- Oversee and asses the adequacy of the reinsurance policy followed by the EU operations
- The ideal candidate is a graduate in Statistical and Actuarial Sciences, Economics or Maths, with a past experience in activities related with Financial and Actuarial Function activities.
- Must be a Fellow of the Institute and Faculty of Actuaries, or an equivalent actuarial body with at least 5 years post qualification experience and at least 7 years of solid actuarial work experience.
- To have excellent understanding of the dynamics of actuarial management, excellent technical actuarial skills and the ability to apply these to influence business decisions.
- It is desirable that the job holder has worked in at least 2 different countries in an actuarial role.
- Reserving experience and exposure to Solvency II required.
- C1/C2 English
- Excellent communication and team working skills
- Knowledge of insurance legislation, Solvency II and EIOPA reporting
- IFRS 17 knowledge would be appreciated
- Knowledge of quantitative analysis tools and actuarial models for risk assessments and analyses would be preferable