The candidate must have a strong understanding of Solvency II, with additional reserving experience highly valued.
The successful candidate will be based in Dublin or within the UK. Travel to London and Dublin will be required. Job Description:As an actuarial consultant your responsibilities will include:
- Performing the solvency capital calculations and subsequent reporting requirements, for several European based captive insurance companies.
- Work alongside fellow actuarial consultants and highly experienced accountants to provide Solvency II consulting services.
- Support the UK based actuarial team on all projects – these ranges from reserving, to captive feasibility and pricing studies, to Bermuda regulatory work and consulting on structured reinsurance projects.
Qualification and Abilities
- Graduate with honours of a numerical based degree.
- Member in good standing of the Institute and Faculty of Actuaries and/or Society of Actuaries in Ireland.
- Working toward actuarial qualification.
- Experience in Excel, and other analytical tools, allowing you to develop, maintain and use complex models.
- Work to have included calculating Solvency Capital Requirements (“SCR”) for general insurance companies, utilising the standard formula.
- Experience in completing the Solvency II regulatory returns including:
- Calculation of Technical Provisions (“TPs”)
- Drafting of all sections of the Actuarial Function Report (“AFR”).
- Skilled in articulating ideas clearly and effectively, both in spoken and written forms.
- Eager to learn and develop, being open to feedback and questioning methods and processes.
- Strong attention to detail with a proactive attitude.
- Ability to manage multiple tasks in parallel, whilst meeting deadlines, working collaboratively and performing tasks to our very high standard.
Qualification and Abilities
- Proficiency in writing and maintaining code (R or Python coding languages preferred).
- Experience in project management; taking a project from infancy to completion whilst ensuring stakeholders are well informed, deadlines are successfully met and that the output is well received.
- Part-qualified actuary, with expectation to sit the general insurance specialist exams (SA3, SP7 and SP8).
- Experience in working with an Actuarial Function Holder or Head of Actuarial Function, to support them in their regulatory role.
- Skilled at working with captive insurance companies.
- Experience in calculating the SCR for several different captive and commercial insurance companies, across all general insurance lines of business.
- Skilled at populating Quantitative Reporting Templates (“QRTs”) and National Specific Templates (“NSTs”) for multiple different insurance companies.
- Familiarity with standard actuarial reserving techniques and experience in calculating reserves for small commercial and captive insurers.
- Familiarity with actuarial pricing techniques and experience in pricing for standard general insurance lines of business placed in the insurance market.
- Experience in presenting actuarial ideas and concepts to clients.
SRS’s actuarial team was established around four years ago. The team is centred around the UK and Ireland, although we have actuaries sitting in Luxembourg and Gibraltar also. Our work involves assisting in captive management related actuarial tasks, as well as providing consulting services for a range of ad hoc services. We are a small, dynamic and highly skilled team, working to provide the best service for our clients. Benefits:Offering an excellent salary, bonus plan, and a generous benefits package, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. The pace is fast and demanding, but SRS's dedication to its people has established a company-wide network of colleagues committed to each other's, as well as the Company's, success.
A study package will be provided.
Top Skills
What We Do
Strategic Risk Solutions is a leading independent insurance management firm with representation in all major onshore and offshore domiciles. It provides financial reporting, regulatory compliance and underwriting management services to existing and prospective captive insurance companies. SRS was ranked the 4th largest captive manager worldwide and the largest independent by Business Insurance at December 31, 2020.
For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS, we believe that isn’t good enough.
Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by:
--Delivering outstanding service;
--Strictly adhering to best-in-class internal controls and regular evaluations of these through Statement on Standards for Attestation Engagements No. 18 audits;
--Helping Clients succeed, particularly through our reputation for innovation; and
--Providing a depth of expertise by hiring the best in the business, keeping a laser focus on captives, as well as utilizing team structures and a "one firm" approach to servicing Clients.
This model has been validated by Client feedback from our annual Customer Survey and our success and longevity. Contact us to learn more.
