Overview

Actuarial Contractor (2 FTC roles available)

The core purpose of the FTC roles are to support Corporate Actuarial team to transfer treaties from the Simple to the Trad valuation model.

Ref: 49796

  • Location: London
  • Category: Life Actuarial
  • Type: Contract

Overview

Key Duties (including but not limited to):

Transfer of business from the Simple Model to the Trad Model:

  • Develop a working understanding of the Trad and Simple models
  • For each treaty being moved from the Simple to the Trad model:
    • Treaty review & setup
      • Review the treaty documents and addendum and create a product synopsis
      • Collect and document the premium rate tales
      • Work with Corporate Actuarial, Reinsurance Accounts and Business development to sign-off the product synopsis
    • Data
      • Identify and document data requirements
      • Review the cedant data and reconcile to the data requirements
      • Create temporary database to produce valuation data files from the Client Data
      • Work with Reinsurance Accounts to address data issues identified
    • Premium rate validation
      • Set up risk premium rates tables for RAFM runs
      • Reconcile RAFM premium rate calculations to the client accounts

Qualifications required:

  • Senior student through to newly qualified actuary

Experience required:

  • Previous valuation experience
  • Proficient at Excel, Access and VBA
  • Good experience of setting up and running models in RAFM. (Candidates with very good relevant experience on other actuarial modelling packages will also be considered)
  • Reinsurance or Life Office experience preferable

Consultant

Ben Ballard

Senior Consultant – Life Actuarial

T: +44 (0)203 867 9861

Email me

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