Valuation Actuary Bournemouth, England
Job description
About the Role
We’re seeking a Valuation Actuary to lead the Protection valuation to deliver quarterly results and associated reporting and development activity.
The role is a 12-month fixed-term contract and we’re flexible on the level of experience, from senior analyst through to experienced actuary.
Key Responsibilities
- Performing the quarterly Solvency II and annual IFRS valuations, including analyses of change and capital
- Delivering all results and disclosures to the required quality (external audit and internal risk appetite) and timescales (internal and external reporting timelines)
- Supporting external audit to achieve audit clearance with no material issues
- Supporting methodology and basis review work, inputting requested information and assessing the impact of changes
- Completing other BAU work as required, including regulator information requests, model UAT, ORSA inputs, agreed surveys, etc.
- Supporting colleagues across the business by explaining valuation results, answering queries and providing insight
- Developing and sharing an understanding of experience variances
- Supporting capital initiatives and delivery of the business plan
- Completing closed fund run-off projections, and providing answers to ad-hoc queries
- Supporting on the delivery of priority projects, including new products, product changes, technology upgrades and system migration, data specification and testing.
- Identifying and removing non-value add activity, and implementing process improvements
- Liaising with the Automation team to implement new tools and technology
- Maintaining compliance with all required risk control, management, and reporting requirements, in line with risk appetite
- Maintaining up to date process documentation and EUC compliance.
About You
Our ideal candidate will…
- Ideally be a qualified actuary, but we will consider qualification by experience and senior part-qualified
- Have a strong technical background
- Have proven hands-on experience of actuarial valuation and reporting for Protection products (term, critical illness, income protection and whole of life)
- Demonstrate a good understanding of the UK financial services market and economic environment
- Possess excellent communication and presentation skills – the ability to communicate complex, technical information is essential
- Be able to motivate, organise and manage your workload to meet challenging deadlines
- Express a genuine desire to deliver a culture of continuous improvement
- Have the ability to build strong relationships with various teams to support the achievement of shared objectives
- Demonstrate strong analytical skills
- Be an expert in Excel and have experience of actuarial modelling systems.
Why Work for Us
What makes LV= Life & Pensions special is our mutuality and our values. You’ll find we thrive on the benefit of everyone’s differences.
Being a mutual, we work together for the benefit of our customers, our advisers and our people. Our values steer and drive the way we work:
- Curious - Innovative, open and always striving for better
- Courageous - Brave, strong and determined to do the right thing
- Trusted - Committed and responsible, keeping members at the heart of our decisions
- Inclusive - Embracing all contributions, valuing diverse opinions and making every voice heard
Whoever you are, whatever you are and in whatever way you identify, you’re welcome here. We’ll make reasonable adjustments to specific needs to make sure your individual requirements are accommodated as far as possible. Being totally committed to equal opportunities opens up massive benefits, not just to our organisation and people but also to our members and our products. We’re proud of our people, we only recruit and promote on merit.
Go on, bring your true self to LV=.
Rewards and Benefits
We want you to love what you do that’s why we’ve put together a benefits package that recognises and rewards a job well done.
At LV= Life and Pensions, you’ll go above and beyond to do the right thing for our customers and we’ll reward you with an attractive, competitive salary and benefits package in exchange for your hard work, which includes:
- 30 days' holiday
- Private Medical Insurance
- An annual bonus scheme based on company and personal performance
- Cycle to work scheme
- A competitive pension scheme
- You’ll receive up to 20% discount on our life products for you and your immediate family.
Job Types: Full-time, Fixed term contract
Contract length: 12 months
Salary: £55,000.00-£71,000.00 per year
Benefits:
- Casual dress
- Company events
- Company pension
- Cycle to work scheme
- Employee discount
- Life insurance
- On-site parking
- Private medical insurance
- Referral programme
- Sick pay
- Work from home
Schedule:
- Monday to Friday
Supplemental pay types:
- Bonus scheme
Experience:
- Financial services: 1 year (preferred)
- valuations: 1 year (preferred)
- Actuarial: 1 year (preferred)
Work authorisation:
- United Kingdom (required)
Work Location: In person
