Lloyd's Brussels - Actuarial Manager
10 dagen geleden

Job Details

Back to Job List Apply with LinkedIn Apply Refer a Friend Job Title : Lloyd's Brussels - Actuarial Manager Job Code : 1091064 Skill Band : Actuarial Location : Brussels Type : Permanent Date Posted : 6 Jul 2018

Lloyd's Brussels Actuarial Manager

Grade 13

Competitive salary and benefits package

About Lloyd's Brussels

Lloyd's Brussels is a newly established company that will play an important part of Lloyd's European Market Access strategy for both insurance and reinsurance business in the EU / EEA from 2019.

It is flagship entity for Lloyd's continued participation in EU / EEA markets after Brexit.

Lloyd's Brussels Finance is at the heart of the insurance business, leading the financial & capital management, analysis and reporting to securely fulfil all statutory requirements and add commercial insight & value.

The Role

The role is a management position within the team and has responsibility for delivery of all actuarial work areas, including internal and external accountability, and a role in management of the department.

This section describes the accountabilities for the work area. The manager is responsible for planning and managing the team's activities and ensuring that deliverables are completed in time and to a high standard.

Team Management

  • Manage the definition and consistency of role profiles defined within the team, including ensuring these are updated as requirements for deliverables evolve
  • Manage the process of recruitment into the team
  • Stakeholder management

  • Act as the primary contact for the external head of Actuarial Function
  • Act as the primary contact for the Auditors on Actuarial matters
  • Regulatory developments

  • Ensure the work of the team keeps up to date with all regulatory and professional guidance developments
  • Data and Systems

  • Ensure that the data relied on by Actuarial satisfies the statutory requirements in relation to its completeness, appropriateness and accuracy
  • Implement improvements to data systems and process in order to facilitate increased efficiency in this area
  • Reporting

  • Manage delivery of the Actuarial aspects of key reporting, including Solvency II Quarterly & Annual reporting and Belgian GAAP.
  • Collaborate with the rest of the Finance team and other departments to ensure actuarial plays a full role in the delivering of reporting
  • Provide appropriate input to Group consolidated reporting, including the development of IFRS 17 reporting.
  • Reserving

  • Lead the process of determining the reserves for Lloyd's Brussels, ensuring that the risk is effectively recognised across all business lines.
  • Determine reserves on Best Estimate (Solvency II), Belgian GAAP and other bases as required.
  • Review and propose assumptions for the determination of reserves
  • Build and develop the reserving process as appropriate for the Lloyd's Brussels business model
  • Report on the outcome of reserving to management and the external Head of Actuarial Function as required
  • Standard Formula

  • Manage the process to produce the Lloyd's Brussels capital position under the Standard Formula
  • Ensure that the results are appropriately communicated
  • Undertake thinking on the suitability of an internal model as required
  • ORSA & Business Planning

  • Lead the team to undertake projection of the capital position for Lloyd's Brussels as required for the Business Planning and the ORSA processes
  • Work with the Risk team to determine the appropriate scenarios to be modelled
  • Work with the Business Accounting Manager and the CUO on determining the capital requirements needed to support the business plans.
  • Actuarial Function

  • Support the work of the external Head of Actuarial Function as required across their wider product and underwriting oversight responsibilities.
  • Actuarial reviews and methodology

  • Undertake regular actuarial reviews as appropriate
  • These should include analysis of surplus and premium earnings patterns
  • Focus on improving the efficiency of actuarial processes.
  • Strategic Initiatives

  • Manage the actuarial component of strategic initiatives to be delivered by Lloyd's Brussels
  • This will include any required Part VII transfer of the back book of business from the UK to Brussels and the introduction of IRS 17 for group consolidation.
  • Peer review
  • Provide peer review to work areas as appropriate, focussing on required purpose and potential improvements to the work considered
  • What You Will Need

  • Expert judgment : Able to formulate appropriate judgement based on actively gathering all relevant information and input and defend this judgement when challenged.
  • Independent challenge : Provide peer review and robust objective challenge to the work of other actuaries.
  • Leadership : Proactively formulate and deliver courses of action as part of existing / wider work in order to improve the overall performance of the team.
  • Be a role model within the team demonstrating strong collaboration and motivation skills. Works with other managers in the team to consider the needs of the whole department.

    Stay positive and upbeat in situations where definite information or direction is not available and takes positive action in such settings, ensuring the team also stays motivated.

  • Innovation : Consider new ways of achieving the aims of the team and improving the level of output provided. Visible as a proponent of best practice and continued improvement within the work of the department.
  • Collaboration : Ensure that knowledge sharing is facilitated across the team and more widely within Lloyd's. Champion review and peer review processes in order to improve the quality of work output.
  • Time management : able to manage priorities and direct the work of the team on multiple projects simultaneously.
  • Communication : able to communicate with a number of stakeholders both inside and outside of Lloyd's and adapt style for different stakeholders.
  • Targeted, clear and concise communication with management, colleagues, other departments and market representatives.

  • Analytical skills : Ability to interpret and review analysis undertaken within the team, working to a high level of accuracy.
  • Decision making : Decide on appropriate courses of action based on information received and analysis undertaken and direct the team to have these completed.
  • Delivery : Ability to independently work to produce high quality output to agreed deadlines. Challenges existing process and creates new ones to ensure work is completed in a systematic and orderly way.
  • Knowledge sharing : Readily shares own technical expertise and other knowledge with wider team.
  • Flexibility : Proactively recognize the wider needs of the team and adapt work undertaken appropriately. Take responsibility for delivery being achieved in the allocated time and prioritised accordingly.
  • Commercial awareness : A business focused outlook, looking proactively to anticipate new requirements for the team and better ways of delivering existing requirements by solving complex problems and understanding commercial implications of decisions
  • Technical expertise : Demonstrates detailed and comprehensive knowledge in work area and is seen as an expert by people across the organisation and externally.
  • For further details about the role, please e-mail BelgiumCareers lloyds.com or apply directly at https : / / www.lloyds.com / lloyds / careers

    Applications will close on 20th July 2018

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