Senior Consultant, Consultancy recruitment

Job ID: 11685

Position Description:
SunGard provides IT solutions for the insurance industry in each of the following major business lines: life/health/annuities/pensions, property and casualty, reinsurance, and asset management. Our software and services support functions from the front-office through the back-office--from customer service and policy administration to actuarial calculations, financial and investment accounting, and reporting. SunGard's insurance solutions help your business capture growth opportunities, improve regulatory compliance and optimize overall performance.

• More than 2,500 customer sites use SunGard's iWORKS solutions
• SunGard's iWORKS solutions are used in more than 50 countries
• More than half of the top 50 life insurance companies ranked in the Global Fortune 500 use SunGard's insurance solutions
Principal Accountabilities

The successful candidate will be involved in all the following aspects of the role. The proportion of time spent on each will depend on the nature of particular projects and the mix of people in the project team.

? Prophet Enterprise - provide assistance in running client models for "PE readiness"
? Assist in pre sales support of Prophet, where required
? Install - Help clients to install Prophet
? Build - Help clients to build/develop Prophet models
? Review - Examine clients' models and recommend improvements
? Integrate - Help clients to link Prophet to their administration and reporting systems
? Manage - Advise clients on managing their Prophet environments
? Design - Advise clients on model specification and structure, and IT requirements
? Migrate - Help clients to migrate the models from PP7 to PP8

You will be expected to work at clients' offices when required.

Position Requirements:
Knowledge, Experience and Qualifications:

The ideal candidate will have knowledge and skills in the following areas.

Prophet:

The candidate will have a strong knowledge of the Prophet system or will have demonstrably equivalent experience, and will have been involved in key business projects using Prophet. They will possess a good working knowledge of the various Prophet components, having created products in at least one of Prophet's actuarial libraries and significantly amended products in others.

The candidate will be familiar with Prophet ALS/Life DFA and knowledge of the Asset and Global libraries.

They will also have implemented at least three from:

(1) new business processing, (2) calculation looping, (3) rebasing, (4) goal seeking,
(5) data grouping, (6) dynamic model point method, (7) in-memory dynamic processing,
(8) extended formulas and (9) stochastic modelling

The candidate will be familiar with the Data Conversion System (DCS) and Prophet Excel Reporting. It would also be helpful if they had an awareness of potential performance bottlenecks and solutions when using Prophet.

Industry Experience:

You will have a background in life assurance or financial services, and a general knowledge of the financial services industry's regulatory and reporting frameworks, including an awareness of at least two of the following:
• Realistic Balance Sheets (RBS)
• Individual Capital Assessments (ICA) and Solvency II
• European Embedded Values (EEV) and Market Consistent Embedded Values (MCEV)
• International Financial Reporting Standards (IFRS)

Actuarial Experience/Knowledge:

Experience in, and knowledge of, the business implications and impact on Prophet modelling of the following:

• Profit Testing
• Product Design and Pricing
• Revenue and Earnings Projections

And at least three of the following:

• Valuation methods, including embedded values and realistic valuations
• Asset / Liability Modelling
• Stochastic Modelling
• Financial Economics and Derivatives
• Analysis of Change

Qualifications:

The candidate should ideally have at substantial experience working in a life assurance department or consultancy. The candidate should be making good progress with the Institute of Actuaries or Society of Actuaries exams (or equivalent). We will also consider candidates with in-depth experience and knowledge in relevant areas.

Communication:

Strong verbal and written English language essential; Presentational skills.