Description
We are seeking a Pillar 1 Actuarial Analyst (Internal Model) for our client based in the South East
They developed a comprehensive, structured approach for ensuring that its Internal Model will satisfy the Solvency II tests for Internal Model approval; in particular, the tests of Statistical Quality, Validation, Calibration and Documentation.
A Gap Analysis has been completed and a workplan created to address the most immediate priority (Level 1) gaps and thus improving the model towards meeting Solvency II standards. As this work progress, further workplans will be developed to address subsequent level priority gaps.
The Actuarial Analyst joins an existing team of experienced actuaries in carrying out the workplans and creating the body of evidence to demonstrate that the Internal Model satisfies the Solvency II tests in support of the application to the FSA for Internal Model approval.
The role:
* Solvency II Pillar 1 methodology role
* Reports to the workstream Project Manager and Actuarial Lead
* Would join an existing team of several experienced actuaries creating the body of evidence to demonstrate that the Internal Model satisfies the Solvency II tests to support application to the FSA for Internal Model approval
* The main Solvency II tests the work focuses on are Statistical Quality, Validation and Documentation of methodology
Location Dorking based with some travel
Experience:
* Ideally have 3-5 years post qualification life insurance experience with good technical background
* Realistic balance sheet, ICA and SolvencyII experience important
* Good written and spoken communication
* Ability to deliver to deadlines