Vitality, Solvency II Actuary, London, £Competitive + Bonus + Benefits.
Vitality is an award winning, dynamic and vibrant financial service provider, with a ground-breaking vision for the future, where individuals are enabled to succeed and are rewarded and recognised for their contribution to our business.
Our Solvency II Actuary will receive a competitive salary plus benefits including;
- Bonus
- A genuine long-term opportunity to grow and establish a long-term career.
- Our award winning private medical insurance.
- A comprehensive flexible benefits scheme.
- Stakeholder Pension Plan with employer contribution.
- Vitality Partners and Rewards
The role covers first-line activity across all three pillars of Solvency II. In addition, there are opportunities to get involved across other areas including risk management and Part VII transfer. This is a fantastic opportunity to join a dynamic and growing UK insurer, with the chance to work with key members of the actuarial, risk and finance teams across all aspects of Solvency II.
Responsibilities as our Solvency II Actuary include:
- Supporting the Chief Actuary in fulfilling the Actuarial Function’s responsibilities (including drafting the actuarial function reports, keeping up to date with the experience investigations produced by the Actuarial Reporting team and any recommendations arising thereon, helping to produce supporting analyses related to technical provisions, and liaising with the pricing and reinsurance actuaries)
- Production of the 5-year solvency projections for the ORSA and the related Stress and Scenario testing calculations (Prophet and Excel calculation work)
- Helping to produce the ORSA report
- Quarterly SII reporting: our team reviews the results calculated by the actuarial reporting team, performs the analysis of movement in the SII position, prepares the internal reporting pack and works with our Finance colleagues to get the QRTs submitted to the PRA.
- SFCR and RSR: helping to lead the production and publication of the SFCR and RSR, and being the primary authors of the Risk Profile and Capital Management sections.
- Analysing the risk profile and re-assessment of standard formula appropriateness.
- Assisting with risk appetite work; and
- Identify opportunities to improve the Solvency II Prophet model and/or calculation process as well as testing any proposed changes before feeding this back to the actuarial reporting team.
To become our Solvency II Actuary, you will have the below skills and experience:
A recently qualified life actuary working in the UK life industry with sufficient experience and the relevant knowledge of Solvency II to be able to contribute effectively to the team’s work products.
Someone who learns quickly, has sufficient ability in the use of Prophet to produce results from our models, and proficiency in MS Office is a requirement. The right candidate will be able to demonstrate the following:
- A strong mix of technical actuarial skills with the ability to demonstrate Solvency II technical knowledge and experience with practical application;
- Strong communication skills: verbal and written;
- Ability to apply actuarial judgement and expertise where appropriate;
- Strong analytical capabilities with the ability to quickly extract and summarise key points from technical data and present this to senior management;
- Be proactive and have accountability;
- A flexible attitude to accommodate a varied workload and quickly adapt and respond to change;
Be able to work in a team;
- Ability to deal with changing priorities and the ability to work with little supervision;
- Take on multiple tasks and deliver within defined quality and time parameters; and.
- Show attention to detail to ensure reporting and documentation is accurate and complete.
In return, you’ll join a small but knowledgeable and supportive team of experts, gaining a deep understanding of how we manage our insurance and capital risks.
Working for Vitality as our Solvency II Actuary, you'll experience an exciting mix of creativity and innovation, within a framework of challenging objectives and a passion for delivering the best. We think work should be fun and sociable, and we want our people to get the most out of every day.
Our people are chosen for their skills, knowledge, enthusiasm and attitude but above all, their belief that anything can be achieved.
Closing Date: Monday 25th June 2022
If you feel you have the skills and experience to become our Solvency II Actuary then please click ‘Apply’ today!