Junior trainee required for this contract position, with the possibility of being made permanent. The successful candidate is required to provide actuarial expertise and support in all fund related aspects of the business. This will include:

Migration of fund administration for existing internal funds from a spreadsheet based system to our fund administration system
Setting up of new funds on the system
Where necessary work with the system provider to develop and meet business requirements
Provide support to the fund administration team for the funds which have already been migrated to the system.
Assisting in the calculations required for fund suspensions, closures and other corporate actions
Provide actuarial support and guidance in the management of funds offering investment guarantees and protection
Other tasks as directed by the Unit Pricing and Operations Manager or the Head of Actuarial

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Responsibilities:
•Build and maintain modelling platforms for the local markets across Europe
•Use the modelling platforms to measure different strategies against the many KPIs that are used across Europe
•Appreciate and understand developments in ALM modelling outside Europe and apply when appropriate
•Key input into setting investment strategy for Europe and local markets
•Key input into setting reinsurance strategy for Europe and local markets
•Investigate and recommend innovative solutions to manage risk and maximise return
•Investigate and suggest areas where ALM modelling techniques could be employed to add value

Experience:
•5+ years experience in ALM/Financial Risk roles.
•Experience of modelling software
•Relevant financial services sector experience and experience of working in a regulated environment

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Based in Taiwan with an international reinsurance group you will be responsible for providing client support primarily to the Taiwan business although with contact with actuarial teams in the region.

You will contribute to pricing, product design and development, structuring of financial solutions, actuarial modelling and will also be a key contact for a defined group of clients.

Ideally you are qualified fellow with at least 8-10 years of experience in the life insurance market, reinsurance experience will also be an advantage. You will be fluent in English and Mandarin.

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Principal Duties and Accountabilities
To assist in product development, through pricing and profit testing.
To liaise with internal and external parties as required including reinsurers/actuarial consultancy firms, and Group staff internally
To hold a local underwriting authority in quoting for new business – mentoring colleagues and quality checking the process
To develop a pricing strategy for specific large accounts and the overall European Group Risk portfolio to ensure competitiveness and profitability.
The development of a pricing/quotation tool.
The analysis of claims and renewal business by client and product, with the reporting of such analysis.
The ability to make commercial recommendations on benefits provided based on pricing assumption.
The ability to assist in projects outside the actuarial remit, including but not limited to IT development, marketing and sales distribution, underwriting philosophy and P & L projection.
In relation to the financial reporting the following will be required;
To assist in the development of suitable controls,
To assist in the development and operation of systems to calculate reports and measure ongoing profitability

You will be anywhere from part-qualified to newly qualified, as the responsibilities within the role can be tailored for the right person.

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This role will be responsible for the Financial Management department. The managers within this department will report directly to the you, who in turn will report to the Appointed Actuary.

The department will be responsible for the development of robust control procedures for managing actuarial aspects of the business, as well as the design and implementation of key strategic actuarial projects. The department will also be responsible for key actuarial functions which fall outside financial reporting, including the management of policyholder funds with investment guarantees.

Given the technical nature of the work performed by this department, the candidate filling this role will require very strong technical actuarial skills.

An analytical approach to problem solving will be required, and the candidate will need to make rational, realistic and sound recommendations / decisions and commit to actions. The candidate will require good communication skills, with an ability to express views/ideas clearly and logically in written and oral form. The candidate will require an ability to influence key stakeholders within cross-functional projects, which will include understanding who to communicate to and when.

Give the responsibilities for the design and implement of key projects, the candidate will need to demonstrate an ability to establish plans and manage execution.

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The key responsibilities of the role are as follows:

* Ensuring consistent levels of retention and reinsurance are in place in line with risk appetite for European business

* Optimise use of reinsurance for risk, capital management and profitability objectives

* Pooling reinsurance risk, negotiation and purchase to ensure best rates, fees and service  levels are achieved

* Ensure compliance with regulatory requirements within Europe

* Manage relations with local markets and core product / pricing team regarding reinsurance programs

* Determine structure and level of reinsurance needed for new and existing GI products in conjunction with Europe Finance team

* Preparation of appropriate, compliant reinsurance contract wordings

* Develop, manage and monitor the reinsurance budget for the Group in line with business plans

* Keep abreast of developments in financial risk management

* Interpretation and analysis of output from financial models

* Compliance with Risk Policies relating to reassurance

* Ensure best practice in terms of reinsurer selection, and reassurance administration

* Effectively monitor concentration risk in the markets

* Ensure facultative, catastrophe and financial reinsurance is used as appropriate

* Develop and monitor appropriate experience monitoring and report regularly on reassurance key metrics

Requirements:

* A deep and broad understanding of risk and capital management techniques

* In depth knowledge of European financial services markets, its wider environmental issues and trends

* Good leadership and interpersonal skills and an ability to communicate and influence at senior management level

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The key responsibilities of the role are as follows:

• Ensuring consistent levels of retention and reinsurance are in place in line with risk appetite for Europe business

• Optimise use of reinsurance for risk, capital management and profitability objectives

•Pooling reinsurance risk, negotiation and purchase to ensure best rates, fees and service levels are achieved

• Ensure compliance with regulatory requirements within Europe

• Manage relations with local markets and core product / pricing team regarding reinsurance programs

•Determine structure and level of reinsurance needed for new and existing Life products in conjunction with Europe Finance team

• Preparation of appropriate, compliant reinsurance contract wordings

• Develop, manage and monitor the reinsurance budget in line with business plans

• Keep abreast of developments in financial risk management

• Effectively monitor concentration risk in the markets

• Ensure facultative, catastrophe and financial reinsurance is used as appropriate

• Develop and monitor appropriate experience monitoring and report regularly on reassurance key metrics

Ideally candidates should have the following knowledge, skills and experience:

• Proven ability to innovate using reinsurance to optimise profitability in each of our markets

• A deep and broad understanding of risk and capital management techniques

• In depth knowledge of European financial services markets, its wider environmental issues and trends

• In depth knowledge of European and market regulatory framework

• 5+ years senior management experience in reinsurance

• Good leadership and interpersonal skills and an ability to communicate and influence at senior management level

To see all the latest Actuarial Vacancies visit Acumen Resources.

Role Purpose:
Responsible for GLM risk technical pricing analysis and development in the European centre of excellence to deliver structural pricing recommendations to drive the planned levels of profitability and sales at local market and regional levels.

Duties:
* Develop market leading pricing structures using GLM (Generalised Linear Modelling) techniques and implement the results into prices to drive competitive advantage.
* Create, develop and implement robust pricing processes.
* Support the management of junior pricing team members.
* Lead actuarial projects and review technical work.
* Represent and communicate the output of the work of the Pricing department at various levels within the organisation to drive the best overall outcomes.
* Working as part of a team with the relevant product expert, develop new products and solutions to business problems and in particular the pricing thereof.

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Role Purpose:
Responsible for customer behaviour pricing analysis and development in the European centre of excellence to deliver pricing recommendations to drive the planned levels of profitability and sales at local market and regional levels.

Duties:
* Develop market leading pricing structures using GLM (Generalised Linear Modelling) techniques and implement the results into prices to drive competitive advantage.
* Create, develop and implement robust pricing processes.
* Represent and communicate the output of the work of the Pricing department at various levels within the organisation to drive the best overall outcomes.
* Implementation of all pricing components of the Group Underwriting Policy and contribution to the development of Pricing best practice for the Group.

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Our client is looking for a part-qualified Financial Reporting Assistant to provide actuarial and financial advice to enable senior management to successfully operate the business.

This role involves liaising with managers and staff from other departments including Finance, Capital Management and the relevant Business Unit and on occasions with senior management.

The post holder will also be producing/reviewing work relating to Individual Capital Assessments.

Additional responsibilities will include reviewing or assisting with Experience Analyses and producing other actuarial reports as required to enable management to make informed financial decisions and to manage risk asset liability matching; ensuring appropriate reserves are calculated for US GAAP and FSA requirements as well as assisting with year end FSA returns; analysis of surplus and internal reports to Board on methods, assumptions and results.

Candidates will come from either a Life Insurance Company or Consultancy background. Candidates will be provided with competitive study support to enable them to complete their studies.

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