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Actuarial Manager

Date Posted
4th April 2016
Reference
R-36446
Sector
Life
Job Type
Permanent
Location
London
Benefits
Excellent Benefits
Salary
£55,000 to £65,000 Per Annum

Job Description

An exciting opportunity for a qualified actuary has arisen in the Group Finance function. We are actively recruiting for an Actuarial Manager (Life Insurance) to be based in the St Helen’s office in London (although applications will be considered by individuals who wish to work 2 – 3 days per week in Bristol). 

The team provides a single point of first line actuarial contact between Aviva’s market Finance teams around the world and Group Finance, to facilitate Group’s understanding of markets’ financial results and to provide technical support where necessary. The team is responsible for the review & challenge of markets’ actuarial financial reporting deliverables across all reporting bases (IFRS, MCEV VNB, Solvency II), utilising knowledge and expertise acquired in role to provide insight on reported market results to relevant Group stakeholders.

As a Life Insurance Actuarial Manager your key responsibilities will include:

  • Being a key point of contact in the Actuarial Reporting team for your allocated markets, taking the lead on reporting cycles to ensure timely and good quality submissions, assisting markets with technical and process issues as required
  • Support the team and Head of Actuarial Reporting as subject matter expert on review and analysis of actuarial reporting for your allocated markets, covering IFRS, MCEV VNB and SII reporting
  • Support the production of commentary and analytical review to enable Group Reporting deliverables for all cycles for both internal and external (public and private) disclosure
  • Support the Head of Actuarial Reporting and Senior Actuarial Managers with technical issue resolution with markets and auditors, working closely with other CAO teams as appropriate
  • Work closely with your 2nd line counterparts in the Group Actuarial Function to ensure shared understanding of actuarial developments in your allocated markets and financial results, and an efficient 1stline/2nd line operating model
  • Staying aware of any developments in your allocated markets, communicating any material changes, and ensuring that these are appropriately reflected within the results
  • Strong focus on controls, ensuring they are complied with and adequately documented
  • Provide technical knowledge, guidance and training on actuarial reporting issues in the wider CAO team, maintaining close working relationships with your accounting contacts within Group Finance.

Qualifications and experience

  • Qualified Actuary
  • Solvency II financial reporting experience is an advantage
  • Insurance or financial services experience
  • Sound actuarial reporting capabilities
  • Proven track record of process delivery to a very high standard

  Skills:

You will be expected to have or to develop a number of key skills:

  • Good knowledge of insurance products and actuarial reporting
  • Strong analytical and problem solving skills
  • Good written and verbal communication skills, including the ability to distil & communicate large amounts of complex information, and express it clearly.
  • Strong team working skills and the ability to develop strong working relationships with colleagues both within and outside of Group Finance
  • Strong prioritisation skills, including the ability to work with appropriate flexibility on multiple deliverables
  • Able to manage expectations and capable of deciding when to escalate issues
  • Good project / process management skills (design, implement and improve)
  • Strong attention to detail / controls focus to avoid financial misstatement and messaging errors  
  • Strong systems skills