Chief Actuary, Non-Life, Ireland. recruitment
This is an excellent opportunity for a qualified actuary to take a key role in the senior management team of this large non life insurer. The position carries wide responsibilities covering all of the key actuarial functions including product development, reporting and investment, as well as strategic input and mentorship. The successful candidate will either currently be a Chief Actuary or be ready to step up to this position.
Your duties will include:
Head the Actuarial department and be responsible for all activities, including strategy, planning and operational workflow
• To play a key role in the development of the Actuarial Function – as defined by Article 48 of the Solvency II directive
• Plan and co-ordinate the Actuarial strategy for the company in line with the company’s strategic objectives
• Prepare and present monthly/quarterly programme performance reports to senior management
• Prepare a regular analysis of claims covered by reinsurance for the purpose of assessing the effectiveness and value for money of the reinsurance arrangements
• Completion of year-end certification
• Completion of actuarial analysis for budgeting and planning purposes
• Assist the Solvency II project team to ensure Solvency II compliance is achieved
• With respect to the Actuarial Function as defined by the Solvency II directive
a) coordinate the calculation of technical provisions
b) ensure the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation of technical provisions;
c) assess the sufficiency and quality of the data used in the calculation of technical provisions;
d) compare best estimates against experience;
e) inform the administrative, management or supervisory body of the reliability and adequacy of the calculation of technical provisions;
f) oversee the calculation of technical provisions in the cases set out in Article 82;
g) express an opinion on the overall underwriting policy;
h) express an opinion on the adequacy of reinsurance arrangements;
i) contribute to the effective implementation of the risk-management system referred to in Article 44, in particular with respect to the risk modelling underlying the calculation of the capital requirements set out in Chapter VI, Sections 4 and 5, and to the assessment referred to in Article 45.
• Monitoring and reporting the Solvency Capital Requirement of the company
• Developing models for internal risk management purposes
• Allocating capital across various countries and products
• Measuring and monitoring the return on capital
• Assisting in the development of Management information required to prepare the ORSA
• Assisting the Risk Management function in the assessing and reporting of Risk
• Develop and maintain comprehensive documentation relating to actuarial processes
• Assist in the training and development of Solvency II awareness within the company
• Understand the factors contributing to the underlying performance of the company
• Provide actuarial analysis to support ad-hoc pricing requests
• Lead, motivate, manage and develop the actuarial team
This is a fantastic opportunity in a fantastic country and a prompt application is recommended.