Actuarial Solvency II Analyst M/F

We are looking for an actuary to join a dynamic and high-performing team playing a key role in activities such as Solvency II reporting, ORSA, Budget, New Business value and more.

The role suits an ambitious actuary willing to challenge themselves with a large variety of technical work that provides CACI with key information for the decision-making process.

DUTIES AND RESPONSIBILITIES Quarterly/Annual Solvency 2 Reporting

• Generate and check the model points used for Solvency II calculations
• Update the assumptions feeding into the Prophet model and perform reasonability checks on assumptions
• Run the quarterly BEL calculations in Prophet including central BEL and BEL shocks for Life and Health Underwriting SCR
• Complete all outside Prophet calculations for Solvency Capital requirements, including Health CAT risk, Counterparty default risk, Health NSLT and Non-Life risks, Operational risk and LACDT
• Perform reasonability checks on all results
• Deliver results on time through reporting channels (e.g. BFC)
• Support the Analysis of Change on BEL and SCR (twice a year)
• Calculate Risk Margin and LACDT
• Perform Solvency II Sensitivities calculations (twice a year)
• Provide high-quality commentaries on results as required by Management, Risk Management Function, other stakeholders
• Contribute to completion of all SII control cards

Solvency II Qualitative Reporting Templates (QRTs)

• Gather relevant information for quarterly and annual QRTs
• Deliver QRTs on time through reporting channels (e.g. BFC)

Budget

• Review inputs from counterparties (future expected premiums/number of contracts)
• Ensure all relevant products (in force and new offer) are included in Budget projections
• Produce Budget results in Prophet
• Deliver results on time through reporting channels
• Review results first independently, then with Reserving Team
• Contribute to commentaries and presentation of results

ORSA

• Use budget information and other key inputs provided to calculate prospective Own funds and SCR in Prophet for ORSA for Central Scenario
• Amend Prophet tables and model points, as required, to run ORSA stress scenarios
• Complete all outside-Prophet calculations for completion of overall SCR in SQL and ExcelPerform reasonability checks and other analysis on results
• Deliver calculation on time through reporting channels
• Participate in writing ORSA reports and presentations

New Business Point of Sale

• Generate and check the model points for new business point of sale
• Update the assumptions feeding into the Prophet model and include reasonability checks on assumptions
• Run the annual New Business Point of Sale calculation in Prophet
• Perform reasonability checks on results
• Carry out Analysis of Change on New Business Point of Sale