Risk Actuary

Deputy Chief ActuaryRole type: PermanentThe Chief Actuary heads up a specialist second line actuarial team within the broader Risk department. This is a small, highly skilled team which has interaction across the business including Pricing, Finance and Risk.The work of the team is varied and supports the discharge of the responsibilities of the Chief Actuary, the Chief Risk Officer and the Chief Financial Officer.Due to continued growth in the business, we are seeking to add a new permanent member to the team, who will work closely with the Chief Actuary to deliver the objectives of the team. This covers a range of second-line actuarial support, review, challenge and oversight.This is a key second-line role which requires strong interpersonal skills and would suit a self-starter looking to broaden their knowledge and skills base.The role is varied, looking across the entire risk landscape of the company, and the candidate will be expected to be proactive in
developing the role and flexible in their approach to taking on new tasks.Candidates from a broad range of actuarial backgrounds are welcome. The candidate should have recent actuarial experience (either a line 1 or line 2 role) and should be willing to learn and to provide support to a broad range of tasks. The successful candidate should be diligent and methodical and with a strong commitment to a robust control environment.Job ResponsibilitiesProvide risk validation support in relation to Rothesay's internal capital modelPerform a wide range of second line-actuarial reviews including:Assessment of the adequacy of technical provisionsReview of pricing assumptionsReviewing the adequacy of reinsurance arrangementsReviewing models and methodologiesOversight of first-line actuarial processes including in relation to matching adjustment, risk modelling and ALMSupporting and ensuring strong model governancePerforming quarterly trigger assessmentsCollating,
reviewing and validating model changesData quality assessmentsDirectly contributing to the risk framework including risk appetite, ORSA, Recovery and Resolution plansAssessing, measuring and communicating insurance riskPerforming ad hoc actuarial peer reviewsReviewing and enhancing policies and frameworksAs a second-line role, communication skills are essential, including strong interpersonal skills and the ability to effectively provide feedback and challenge. This will include drafting reports and communicating with senior management and with relevant committees. The candidate is likely to gain exposure to a wide range of tasks and will be expected to be 'hands on'.Skills and Experience RequiredRequired:(Qualified actuary or part-qualified actuary actively working towards qualification) (Note, for candidates with strong experience we will also consider those who have an actuarial background but are no longer actively working towards qualification)Ability to communicate
effectively and confidently with external and internal stakeholders at all levels of seniorityUnderstanding of (although not necessarily personal experience of) Line 2 actuarial role.Strong analytical and numerical skillsFamiliarity with Solvency IIStrong IT skills including use of ExcelDesirable:No specific actuarial modelling software knowledge is required, however knowledge of spreadsheet modelling is highly desirable and other hands-on modelling experience would be preferredExperience of working as part of wide teams and for or with second and third lineExperience of communicating results to a senior audienceBulk annuity, longevity or pensions experienceFinancial reporting experienceCore competencies:Self-sufficient, able to work independentlyTechnical Skills - Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate analytical skillsDrive and Motivation -
Be a self-starter; successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacksTeamwork - Demonstrate evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributionsCommunication Skills - Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with othersJudgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issuesCreativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical valueInfluencing Outcomes - Presents sound