Role Summary:
We are seeking a highly motivated and experienced Actuary to join our team, focusing on Solvency II compliance and related activities. The successful candidate will play a critical role in ensuring the company meets its regulatory obligations under Solvency II, including the calculation of technical provisions, Solvency Capital Requirement (SCR), Own Risk and Solvency Assessment (ORSA), and reporting requirements. You will work closely with other actuarial professionals, risk managers, and finance teams to provide relevant analysis and support strategic decision-making.
Key Responsibilities:
As a Non-Life Actuary, your main responsibilities will be:
- Calculating Technical Provisions to cover obligations arising from the company's insurance commitments under Solvency II regulations using existing models.
- Assessing the sufficiency and quality of the data used. Reconciliation of model input data between different sources.
- Analysis of SII technical provisions. Analysis of movements.
- Analysis of movements in SII Own Funds.
- Updating and reviewing the models used as a result of deviations produced.
- Sensitivity and impact analysis on technical provisions.
- Preparation and review of QRTs related to technical provisions and capital requirements.
- Preparation of reports, presentations, and other documentation.
- Contribution to the ORSA report by calculating technical provisions under different stress scenarios.
- Support for capital calculations by analyzing Solvency II requirements under the standard formula.
- Development and maintenance of methodologies and tools for both technical provisions and SCR calculation.
- Collaboration with risk management teams to identify, assess, and mitigate risks.
- Analyzing large amounts of data to identify trends related to solvency and risk.
- Continuous communication with other teams from the different entities of the Admiral Group.
