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| » Job Details | Go Back |
| Job Title: Actuary/Midlands/Excellent |
| Description |
| To monitor and report on all aspects of Treating Customers Fairly (from a financial perspective), with particular reference to recommending the exercise of discretion in the with profit funds to ensure compliance with their Principles and Practices of Financial Management (PPFM).
To provide the support necessary for the With Profit Actuaries to carry out their duties
Monitor and manage risk
Lead and supervise a team of qualified and part-qualified actuarial staff.
To propose bonus and review investment strategy for the with profit funds.
To take appropriate output from actuarial systems to support the declaration of annual and final bonuses to relevant standards.
To develop and maintain appropriate documentation and controls of processes.
To ensure the team is developed appropriately and is fully up-to-date with relevant emerging developments in the industry.
To contribute to the With Profits Committee and support the With Profits Actuaries as required preparing draft reports to a common standard for the With Profit Actuaries to present.
To formulate recommendations regarding annual and final bonuses as required
To ensure that the calculation of asset shares are maintained and developed and improved as appropriate.
To report on the allocation of revenue items, investment policy proposals and others aspects of discretion as regards with profits business.
To monitor the treatment of customers as regards non-contractual exit values and report any concerns.
To propose basis and parameters for with profits for disclosure systems.
To develop systems and processes to report on compliance with the Principles and Practices of Financial Management.
To maintain and develop the full and customer-friendly Principles and Practices of Financial Management.
Ensuring that with profit fund customer communications are appropriate regarding policyholders reasonable expectations/customer interests.
Alternation and transfer value bases for policies in with profit funds.
- To ensure effective identification and management, in line with corporate standards, of all operational risks arising from project or business as usual activities.
A qualified actuary with a significant experience in the industry, particularly in the context of with profits funds
An in depth understanding of all the dimensions of a with profits life company, developments within the industry and operating constraints.
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| Details |
| Company: |
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| Contact Person: |
Martine Scott-Gordon |
| Job Ref: |
PR0144 |
| Hours: |
Full Time |
| Location: |
Midlands, UK |
| Working Term: |
Permanent |
| Salary: |
Excellent |
| Application Deadline: |
asap |
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