Reporting Actuary – 28537

Reporting Actuary – 28537

Brighton Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our Actuarial team to deliver crucial reports and insights for business management.
  • Company: We are a leading firm in the insurance sector, committed to excellence and innovation.
  • Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
  • Why this job: Make an impact by shaping financial strategies while working in a dynamic and supportive environment.
  • Qualifications: Ideal candidates are newly or nearly qualified actuaries with 5-7 years of experience.
  • Other info: Experience with Solvency II and life insurance products is essential; Prophet knowledge is a plus.

The predicted salary is between 48000 - 72000 £ per year.

Reporting Actuary is a key member of the Actuarial team. The member will support the delivery of all reporting to meet regulatory and business management requirements.

Key Duties (Including but not limited to):

  • Provide timely and accurate delivery of results and reports, under the following reporting metrics: Solvency II Pillar 1 & Pillar 2.
  • Calculate and monitor solvency coverage and understand the drivers in movement.
  • Calculate new business profit margins for reporting to senior management.
  • Ensure the appropriateness of methodology and assumptions used for reporting purposes.

Minimum Requirements:

  • Newly or nearly qualified actuary with ideally at least 5-7 years of actuarial experience.
  • Financial reporting experience particularly for Solvency II.
  • Knowledge of different types of life insurance products in the UK.
  • Have some previous actuarial modelling experience through working in a consultancy environment, or for a life insurer.
  • Prophet actuarial platform knowledge is preferred but not must.
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Contact Detail:

The Emerald Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Reporting Actuary – 28537

Tip Number 1

Familiarise yourself with Solvency II regulations, especially Pillar 1 and Pillar 2 metrics. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.

Tip Number 2

Network with professionals in the actuarial field, particularly those who have experience in financial reporting. Engaging with industry peers can provide insights and potentially lead to referrals for the position.

Tip Number 3

Brush up on your knowledge of life insurance products in the UK. Being able to discuss various products confidently will show your expertise and readiness for the role.

Tip Number 4

If you have access to the Prophet actuarial platform, consider taking a short course or tutorial to enhance your skills. Even if it's not mandatory, familiarity with this tool could set you apart from other candidates.

We think you need these skills to ace Reporting Actuary – 28537

Actuarial Modelling
Financial Reporting
Solvency II Knowledge
Data Analysis
Attention to Detail
Problem-Solving Skills
Communication Skills
Understanding of Life Insurance Products
Methodology and Assumption Validation
Prophet Actuarial Platform Knowledge
Regulatory Compliance
Analytical Skills
Time Management
Team Collaboration

Some tips for your application 🫡

Understand the Role: Familiarise yourself with the key responsibilities of a Reporting Actuary. Highlight your experience in delivering results and reports, particularly in relation to Solvency II metrics.

Tailor Your CV: Make sure your CV reflects your actuarial qualifications and relevant experience. Emphasise your financial reporting skills and any specific knowledge of life insurance products in the UK.

Craft a Strong Cover Letter: In your cover letter, explain why you are a great fit for the role. Mention your experience with actuarial modelling and any familiarity with the Prophet platform, even if it's not extensive.

Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no typos or errors, as attention to detail is crucial in actuarial work.

How to prepare for a job interview at The Emerald Group

Understand Solvency II Inside Out

Make sure you have a solid grasp of Solvency II regulations, especially Pillar 1 and Pillar 2. Be prepared to discuss how these metrics impact financial reporting and the overall business strategy.

Showcase Your Actuarial Experience

Highlight your actuarial experience, particularly in financial reporting and life insurance products. Be ready to provide examples of how you've calculated solvency coverage and profit margins in previous roles.

Familiarise Yourself with Reporting Tools

If you have experience with the Prophet actuarial platform, be sure to mention it. Even if you haven't used it, showing a willingness to learn new tools can impress interviewers.

Prepare Questions for the Interviewers

Think of insightful questions to ask about the company's reporting processes and team dynamics. This shows your genuine interest in the role and helps you assess if it's the right fit for you.

Reporting Actuary – 28537
The Emerald Group
Location: Brighton
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