The Contract Valuation Actuary position is a key 12 month role in the RGAI Corporate Actuary Team.  They will work with the existing team to perform quarterly and annual Solvency II reporting tasks, including model runs, analysis and completion of submission templates. They may also assist with model uplifts and documentation as required, and may also support other teams across the wider EMEA Valuation Team where needed.

What you will do

Regulatory Reporting

• Maintain RGAI’s solvency II processes and models, working with other teams where required.
• Assist in RGAI’s Solvency II calculations (quarterly and annual).
• Assist in preparing regulatory returns (quarterly and annual).
• Assist in Solvency II documentation as required.
• Assist in other regulatory reporting requirements: e.g. regulatory information requests, annual reporting.
• Assist in the annual assumption review
• Assist in Model Validation reviews as required

Risk Management

• Maintain RGAI’s risk management analytics tools, e.g. ORSA and ALM model, ensuring that risks are appropriately calculated and presented.
• Develop and deploy End User Controls (“EUCs”) in models as required.

Modelling

• Support RGAI’s model development.
• Work with other functions (e.g. IT) in developing and implementing enhanced processes and methods.

Other

• Support the Valuation Team in other work (within the Solvency II environment or across other EMEA Valuation Teams as required).
• Respond to ad hoc queries as required.
• Assist in coordinating relevant work across various offices and between various teams.

Qualifications  

• Qualified actuary
• 2+ years of experience post qualification in the life insurance or reinsurance industry.
• Good understanding and experience of the insurance industry.
• Experience in SII reporting is required.
• Proven experience interacting with multiple teams across time-zones.
• Experience in process and model improvement an advantage.