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| » Job Details | Go Back |
| Job Title: Actuary/Midlands/Excellent |
| Description |
| To support the With Profits Actuary in monitoring and reporting 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) and in providing the support necessary for the With Profit Actuaries to carry out their duties.
• Lead and supervise a team of part-qualified actuarial staff.
• To deputise for the Head of With Profits Management.
• Develop and set standards for the calculation, systems and processes for the With Profits Team.
• In respect of four of the with profits funds:
- Manage the with profits bonus declaration process including asset share calculations to support the annual and final bonus, returns and MVR recommendations.
- Review non-contractual exit value and alteration bases.
- Review basis and parameters for with profits for disclosure systems.
- To develop and maintain appropriate documentation and controls of processes.
- To ensure the team is developed appropriately.
- To contribute to the With Profits Committee as required preparing draft reports to a common standard for the With Profit Actuaries to present.
- 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 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.
- Ensure that with profits customer communications are appropriate regarding policyholders’ reasonable expectations/customer interests.
- 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 number of years post qualification experience in the industry particularly in the context of with profits funds.
• An understanding of all the dimensions of a with profits life company, developments within the industry and operating constraints.
• An ability to analyse complex problems and results and recommend policy.
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| Details |
| Company: |
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| Contact Person: |
Martine Scott-Gordon |
| Job Ref: |
PR0140 |
| Hours: |
Full Time |
| Location: |
Midlands, UK |
| Working Term: |
Permanent |
| Salary: |
Excellent |
| Application Deadline: |
asap |
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