Job Ref: J4264

Our client is recruiting a newly or nearly qualified actuary to work closely with the Solvency II team to design and implement the Solvency II internal model or, in the short term, the standard capital model with undertaking specific parameters.

Duties include:
• design and implement the internal model, or in the short term the standard capital model with undertaking specific parameters (USP), in conjunction with the Actuarial team;
• to test and validate the internal model/USP model;
• to document the internal model/USP model and any subsequent changes made to it;
• to analyse the performance of the internal model/USP model and to produce summary reports thereof;
• to liase with the Chief Risk Officer (CRO) and senior management on the ‘USE ‘ test and reporting requirements;

Skills include:
• Excellent communication skills, with the ability to explain complicated processes and concepts to non-experts;
• Excellent analytical skills;
• High attention to detail including a commitment to accuracy of reporting;
• Strong time-management skills;
• Ability to work independently and resolve complex problems without direct supervision;
• Need to work as part of a complex Solvency II team;
• Working as part of a close knit Solvency II team involving close liaison with Actuarial, Finance, Compliance and other risk management areas