Job description

Duties and responsibilities

Quarterly/Annual Solvency 2 Reporting

• Generate and check the model points used for Solvency II calculations
• Update the assumptions feeding into the Prophet model and perform reasonability checks on assumptions
• Run the quarterly BEL calculations in Prophet including central BEL and BEL shocks for Life and Health Underwriting SCR
• Complete all outside Prophet calculations for Solvency Capital requirements, including Health CAT risk, Counterparty default risk, Health NSLT and Non-Life risks, Operational risk and LACDT
• Perform reasonability checks on all results
• Deliver results on time through internal reporting channels
• Support the Analysis of Change on BEL and SCR (twice a year)
• Calculate Risk margin on a quarterly basis
• Perform Solvency II Sensitivities calculations (twice a year)
• Provide high-quality commentaries on results as required by Management, Risk Management Function, other stakeholders
• Contribute to completion of all SII control cards

Solvency II Qualitative Reporting Templates (QRTs)

• Gather relevant information for quarterly and annual QRTs
• Deliver QRTs on time through internal reporting channels

Budget

• Review inputs from counterparties (future expected premiums/number of contracts)
• Ensure all relevant products (in force and new offer) are included in Budget projections
• Produce Budget results in Prophet
• Deliver results on time through internal reporting channels
• Review results first independently, then with Reserving Team
• Contribute to commentaries and presentation of results

ORSA

• Use budget information and other key inputs provided to calculate prospective Own funds and SCR in Prophet for ORSA for Central Scenario
• Amend Prophet tables and model points, as required, to run ORSA stress scenarios
• Complete all outside-Prophet calculations for completion of overall SCR
• Perform reasonability checks and other analysis on results
• Deliver calculation on time through internal reporting channels
• Participate in writing ORSA reports and presentations

New Business Point of Sale

• Generate and check the model points for new business point of sale exercise
• Update the assumptions feeding into the Prophet model and include reasonability checks on assumptions
• Run the annual New Business Point of Sale calculation in Prophet
• Perform reasonability checks on results
• Carry out Analysis of Change on New Business Point of Sale
• Provide quarterly estimates for New Business Point of Sale to Group taking into account assumption updates throughout the year
  
  

Complément

Annual Studies
Review results of experience studies on persistency, mortality, disability, unemployment expense and inflation, and assist the Team Leader and Manager in setting new Best Estimate assumptions for Solvency II reporting
Produce an updated Model point aggregation study
Produce an updated Roll-forward analysis
Contribute to Reinsurance studies
Produce an updated Risk Margin study
Contribute to ad-hoc studies performed during the year for actuarial department (capital optimization initiatives, other)
Participate in annual update of the Reserving policy document (including demographic and expense assumptions)
General
Attend Technical meetings led by group and report back on outcome of meetings
Keep up-to-date model documentation, procedures and processes on work performed
Answer queries and provide information to audit and external reviewers, including Actuarial Function Holder and Central Bank of Ireland
Internal Relation
Team Leader, Management, Actuarial Pricing Team, Actuarial Reserving Team, Risk Function, IT team, Administration & Operations Teams, Project, Claims and Finance Departments and Business Development Department

External Relations
Group functions, external auditors, internal auditors