Actuarial Manager at Ignition Group

The detail

Financial & Risk Reporting

• Manage the annual and monthly valuations of the businesses.
• Capital Management of each entity.
• Own the related Risk Management issues in the Group.
• Manage the SAM Project, which involves the annual ORSA, QRTs, Capital Models etc.
• Effectively manage teams to ensure that valuation, capital and other risk reporting are produced accurately, within agreed deadlines and with appropriate supporting commentary.

Business Planning / Forecasting

• Run the annual actuarial budgeting process and actuarial related entries of the Annual Financial Statements.
• Develop and maintain appropriate actuarial and business planning tools and models to deliver the outputs listed above.
• Produce information for forecasting and ongoing monitoring (outside of valuation periods) of the financial impacts of the business strategy.

Business Partnering

• Underwriting function: Development of profitable and innovative new products and the pricing thereof.
• Manage the economics of the various distribution channels.
• Build and run profitability models for the range of products, channels and campaigns that are active.
• Engage with various partners (re-assurers, distribution channels, product partners and regulators).
• Conduct due diligence/viability/feasibility analyses as required.
• Extract insights for business consideration and collaborate effectively within the various businesses and specialized areas across all levels.

IFRS 17 implementation

• Manage the company’s preparation for and reporting against IFRS 17 standards and the transition of reporting into BAU.

Reporting Capability:

• Align actuarial reporting with published ASSA Guidance Notes and other regulatory requirements
• Ensure processes and models are efficient, robust and fit for purpose.
• Drive synergies and standardization across the product reporting teams and ensure the control environment is adequate and effective.

Ad-hoc projects:

• Support the delivery of relevant projects objectives, as and when these arise.

Team Management

• Build a strong team, including team resourcing, succession planning, management and development ensuring the right people are in place to support service delivery, achieving business objectives and performance targets always.