Overview

Head Longevity & USG Reporting

Permanent

Our client is looking for a Head Longevity & USG Reporting to work in their London office.

Ref: 48899

  • 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 longevity business for all the major reporting bases (US GAAP, Statutory, EVM) as well as producing, explaining and presenting the consolidated US GAAP results for the UK Traditional business.

The UK longevity portfolio is a material book of business consisting mainly of longevity swaps built to transfer longevity risk from pension schemes to the company, via an insurer.

Core Responsibilities in relation to this role:

  • Ensuring the accurate and timely delivery of quarterly valuation submissions of the UK longevity business for all bases
  • Consolidation and presenting of the US GAAP quarterly submission for the whole UK Trad portfolio, which would include mortality, critical illness and disability business
  • Being seen as the US GAAP expert for the UK team with a strong technical understanding of the basis and how it is applied to the UK business
  • Ensuring the accurate and timely on boarding of longevity deals from both a data mapping and reserving point of view
  • Building strong relationships with Finance and other stakeholders
  • Involvement in local and global projects as needed, in particular the global USG long term reporting changes project
  • 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 USG submissions for the UK Trad portfolio
  • Deliver quarterly longevity valuations on all bases
  • Excellent team management to ensure all tasks are completed timely and accurately
  • Ownership of longevity deal on boarding
  • 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

Consultant

Ben Ballard

Consultant – Life Actuarial

T: +44 (0)203 867 9861

Email me

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