We are looking for an actuary to join a dynamic and high-performing team playing a key role in activities such asSolvency II reporting, ORSA, Budget, New Business value and more.
The role suits an ambitious actuary willing to challenge themselves with a large variety of technical work that provides CACI with key information for the decision-making process.
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 reporting channels (e.g. BFC);
• Support the Analysis of Change on BEL and SCR (twice a year);
• Calculate Risk Margin and LACDT;
• 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 reporting channels (e.g. BFC).
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 reporting channels;
• Review results first independently, then with Reserving Team;
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• 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 in SQL and Excel;
• Perform reasonability checks and other analysis on results;
• Deliver calculation on time through 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;
• 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.
