Job title: Actuarial Assurance Analyst
Reports to: Actuarial Assurance Actuary
Purpose of role: The Actuarial Assurance team was established as function within Rothesay in May 2021 and currently consists of the Head of Actuarial Assurance supported by the Actuarial Assurance Actuary. The function sits within the first line reporting to the CFO and is responsible for working with other teams within Rothesay to provide assurance on the quality and robustness of actuarial reporting.
Responsibilities: The role of the Actuarial Assurance Analyst is to support the Actuarial Assurance Actuary and Head of Actuarial Assurance in the following areas:
- Work directly with other teams including the Capital Actuarial, Product Control and Financial Reporting teams, along with coordinated activity with the Chief Actuary and his team, to provide assurance as to the quality of reporting and to assist with improvements as appropriate, including:
- Oversight of methodology and assumption setting
- Actuarial disclosures
- Management information
- IFRS report and accounts
- US GAAP
- Solvency II disclosures
- Consider ways in which the quality and robustness of actuarial reporting can be improved through process and control improvement and “deep dives” and work with the relevant team to assist with implementation
- Support change initiatives in response to, for example, new accounting standards (including IFRS17) and complying with new reporting regulations
- Support the Capital Actuarial team in communicating with, and responding to, the external auditors and to the Chief Actuary and his team
- Point of contact for the other teams involved in assumption setting
- Assist with production of the relevant Audit Committee reports covering actuarial assumptions and results analysis
- To work with the pricing and business development team as required to consider new liability trades for MA and TMTP eligibility and other trade features when required
- Assist with ensuring that the Capital Team’s actuarial processes are appropriately controlled and documented
- Assist with ensuring that actuarial professional standards within the Capital Team are met
- Significant exposure to other areas of the business
- Reporting to the Actuarial Assurance Actuary in Rothesay, a qualified actuary with 10+ years’ experience.
Skills & Experience
- At least 2 years’ experience in insurance business, ideally annuities with reporting or IFRS17 development experience. Please ensure product experience is included in the CV or cover letter.
- Studying for Actuarial exams with good progress being made towards qualification or newly qualified. Exam support will be provided by Rothesay.
- Must be confident enough to share thoughts and ideas with a wider peer group
- Comfortable working with and interpreting UK insurance regulation for reserving purposes