Actuary/Accountant – Financial Planning & Strategy

Responsibilities

• Produce forecasts of local and Group reserves / technical provisions, available capital and regulatory capital requirements.
• Understand key drivers of surplus capital generation.
• Undertake sensitivity and scenario analysis to identify key factors that can influence level of surplus and solvency coverage.
• Support regular capital reporting and analysis including:
  • Monthly reporting of capital availability and surplus for shareholder
  • Monthly monitoring of capital capacity in relation to M&A deal pipeline in order to help management take appropriate actions
  • Quarterly reporting to Group Board on capital forecasts at both local entity and Group level
  • Quarterly reporting to local entity Boards on capital forecasts and dividend capacity.
  • Annual reporting for credit rating processes
• Understand differences in actual versus expected experience.
• Produce enhancements to existing financial planning models and reports, and to create new tools and exhibits as requested to aid management understanding.
• Support annual business planning process.
• Support annual Own Risk & Solvency Assessment (ORSA) or equivalent processes for local entities and Group.
• Ensure documentation is regularly reviewed and kept up to date, including Capital Management Policy and relevant Standard Operating Manuals (SOPs) for the team.

• Investigate, analyse, document and summarise capital optimisation strategies, including but not limited to:
  • Alternative / third-party capital structures (equity, reinsurance and debt);
  • Regulatory capital (through both a local and Group lens);
  • Intra-group reinsurance;
  • External credit ratings.
• Support implementation of capital optimisation strategies, dependent on strategic direction agreed with Board and management.

• To provide ad-hoc support as required on other strategic projects.
• To provide support across the wider FP&S team (both BAU and project based) as required.