Overview

Head Life & MM

Permanent

Our client is looking for a Head Life & MM to work in their London office.

Ref: 48900

  • Location: London
  • Category: Life Actuarial
  • Type: Permanent
  • Pay Range: Up to £85k

Overview

About the Role

Reporting to our client’s Head of Actuarial Management, you will be responsible for reporting of the UK life business for all the major reporting bases (US GAAP, Statutory, EVM) as well as on boarding any new treaties with the wider UK portfolio (life, critical illness and disability).

The UK life portfolio is a material book of business consisting mainly of term assurance and whole of life business, as well as some smaller, more complex lines of business such as Capital Access Plans and a small block of with profits business.

Core Responsibilities in relation to this role:

  • Ensuring the accurate and timely delivery of quarterly valuation submissions of the UK life business for all bases
  • Ensuring the accurate and timely on boarding any new treaties with the wider UK portfolio (e.g. working with Technical Accounting to ensure appropriate data mapping and ensuring the business are modelled appropriately)
  • Being able to explain any impacts from on-boarding relatively to the original pricing cash flows
  • Building strong relationships with Finance, Technical Accounting and other stakeholders
  • Involvement in local and global projects as needed
  • Ensuring all controls are evidenced and that issues and judgements are appropriately documented
  • Management of a team to ensure excellent quality work is delivered in a timely fashion. This would include training and motivating the team to succeed as well as a focus on personal growth for the team
  • Being seen as a strong leader within the UK team, driving forward strategy and change as required and helping to represent the UK team in a positive light

Main tasks/activities/responsibilities:

  • Deliver quarterly life valuations on all bases
  • On-boarding new treaties considering data mapping and modelling
  • Excellent team management to ensure all tasks are completed timely and accurately
  • Training and development of less experienced team members
  • Contribute to improved quality and efficiency of reserving process

Qualifications required:

  • Qualified member of the Institute of Actuaries or with a mutually recognised actuarial qualification body

Experience required:

  • Minimum 6 years of experience working in the L&H primary insurance or reinsurance industry
  • Proven ability to lead actuarial teams
  • Strong technical knowledge of insurance accounting, reserving and regulatory reporting requirements
  • Excellent interpersonal, communication, influencing and people management skills

Consultant

Ben Ballard

Consultant – Life Actuarial

T: +44 (0)203 867 9861

Email me

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