Associate Actuarial Analyst - RSD

Brief description

The main purpose of these two positions is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of life and non-life actuarial risks in insurance entities. The successful candidates will be involved in operational duties associated with on- and off-site analysis, and will be part of a team of risk specialists in the PA responsible for providing specialist knowledge, skills and experience in the life and non-life actuarial risk management areas.

One position is in the Life team, one in the Non-life team.

The successful candidates will be responsible for the following key performance areas:

• Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following:
  • scrutinising the financial soundness of either life or non-life insurers;
  • participation in on-site visits to life or non-life insurers; and
  • the consideration of internal model approvals.
• Scrutinise and check the compliance of submissions by life or non-life insurers’ actuaries.
• Assist in maintaining the statutory returns required by regulated entities.
• Participate in projects initiated within the PA and industry forums.
• Develop and test systems and procedures for internal use.
• Maintain and upgrade databases.
• Participate in and execute projects initiated within industry forums.
• Transfer knowledge and skills to stakeholders, both inside and outside of the PA.