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Actuarial Assistant Manager

Date Posted
24th November 2015
Job Type
Edinburgh - Port Hamilton
Excellent Benefits
£43,500 to £53,000 Per Annum

Job Description

Job details

Through our brands, our Group has a relationship with just about every household and community in the UK. We underpin the lives of millions of individuals and businesses, and play a key role in helping to create a thriving UK economy.

With-Profits Management Team is central to the operation of the with-profits business for Clerical Medical and Scottish Widows, ensuring that customers are treated fairly in the management of the with-profits funds. The funds have combined assets in excess of £15bn. The team works closely with the with-profits actuary and provides a number of papers for the With-Profits Committee and company Boards each year.

A role that matters; You’ll carry out a variety of roles within a team that calculates and recommends bonus rates and surrender values, so what you do will have a direct impact on our customers’ payouts. Tracking the asset shares and capital pools which support different parts of the with-profits business. We need you to develop and improve the processes that we use, to improve efficiency and quality assurance. You’ll develop knowledge of our Principles and Practices of Financial Management for the funds, the Financial Conduct Authority requirements for treating with-profits customers fairly and a business transfer Scheme. Using that knowledge to consider whether proposals treat the various groups of with-profits customers fairly, and propose and implement solutions to bring about improvements . You’ll play a key part in preparing papers for the With-Profits Committee and Board which set out a compelling case for your proposals.

This role offers a great development opportunity and progression path working for one of the largest Insurance providers in the UK

You must be a near-qualified actuary, i.e. fewer than four exams/courses remaining, or a recently qualified actuary. You’ll have good core actuarial skills, and a desire to make a difference to the team. You need to be able to solve problems in a practical way, show initiative in making improvements and work well with others to provide high quality results to challenging timescales. Previous experience of working in with-profits is helpful but not essential.

Making you feel valued is important, so we offer a highly competitive salary and rewards package.