Actuarial Principal Analyst - Bromley
Job Description
Actuarial Principal Analyst, Corporate Actuarial - Bromley RBS Insurance, employing thousands of people in five countries, are currently the UK 's second largest insurance provider, with a growing customer base in Italy and Germany - Our portfolio includes some of the best known brands in the business, among them Direct Line, Green Flag, Churchill, NIG and Privilege- Peers and competitors admire our can do attitude and our talent for transforming smart ideas into industry shaping innovations- To continue our great success story, we are looking for passionate and focused people to join us- Would you thrive on pushing boundaries in our competitive and fast paced environment? Can you balance a drive to succeed with a strong team spirit? Are you ready to help us achieve our vision to be the world's best insurer? Working with some of the biggest names in insurance, you'll support your line manager and t he Corporate Actuarial senior management team in providing a consistent, timely and comprehensive reserving, forecasting, monitoring and capital analysis service to the RBS Insurance Division-
Responsibilities
To assist with the implementation of new processes, systems, methodologies for the calculation of technical provisions under Solvency II, alongside existing and/or new methodologies to support existing and future accounting requirements- Work with external actuaries to develop a prototype solution for Technical Provisions of Solvency II and assist with the gap analysis of the 12 CEIOPS papers on Technical Provisions, a project plan to close the gaps in terms of data, systems and processes- But that's not all you'll improve- Seeking out new skills and actively learning from your team members you'll always be developing - while sharing your own knowledge and experience with others to see that everyone in our Division learns and grows together- Key Contacts Internal
Business Management BAU Reserving Team Solvency II Project Team Finance Risk Underwriting, Pricing and Innovation Claims Department Support and other Central Functions, (HR, IT,) Strategy and Projects Internal Auditors External Actuaries
Auditors Financial Services Authority Reinsurance brokers Reinsurance companies
The Individual
Whilst we recruit and value skills in underwriting and claims handling, these positions require pure technical analysis skills and a minim um of 2 years insurance non-lfe reserving or capital modelling or relevant analytical experience (or similar experience using analytical and statistical techniques to make commercial decisions)
You will be educated to degree level or equivalent in mathematics or a related degree, with ideally a postgraduate qualification or making progress towards a professional actuarial, statistical or insurance qualification- In addition we are looking for: Excellent analytical skills-
Innovative thinking: ability to see problems from different angles in order to find solutions-
Good communication skills especially to senior non-specialists-
Relevant project management experience
Evidence of contributing to projects that deliver real business change with quantifiable value added
Additional Information
Actuarial Principal Analyst
Packages to attract the best, Bromley
The RBS Group is recognised as having one of the most innovative and flexible reward programmes in the financial services sector- In addition to your salary you would receive a flexible benefits package including but not limited to: § Up to a further 21% of your salary paid to you as benefit funding instead of a traditional pension plan* § A Sharesave Scheme - Save 20% off RBS shares and cash-in, tax-free after 3/5 or 7 years § Minimum of 25 days holiday per year plus a further 8 Bank Holidays (both pro rata based at hours worked) § All employees have access to a great range of discounted financial services products including Mortgages, Loans, Savings and Insurance as well as discounts on other products and services from a number of well known retailers and manufacturers *Please note that you would have the opportunity to contribute towards the Group's Retirement Savings Plan- Different levels of Benefit Funding may apply in other schemes across the RBS Group- Please note as part of our referencing process credit checks will be undertaken-
If you are having any technical difficulties applying online please contact Cath Darlington, Resourcing Consultant ( Catherine-Darlingtonrbs-co-uk ) quoting Ref: 00020510
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