Valuation & Capital Actuary

Willis Towers Watson
Trafford Park
09 Nov 2019
12 Nov 2019
Contract Type
Full Time
The Role

Willis Towers Watson provides outsourced actuarial function services to a variety of Life Insurance companies in the UK.

As a Valuation & Capital Actuary (Qualified Actuary) in the Life Actuarial Outsourcing team, you will join the delivery team for one of our largest clients. You will be part of a strong, diverse and dedicated group of associates who work in the outsourcing team.

Your work will cover all areas of actuarial work, from Solvency II and IFRS regular reporting, experience investigations, ORSA, capital management, with-profits and strategic projects (including IFRS 17).

You will have regular contact with the client, communicating results (to both actuaries and non-actuaries) with support from senior team members.

This is a unique opportunity to join a consultancy practice but work in a team that undertakes similar work to in-house actuaries in insurance companies.

We are a growing and high-performing team, with a mission to improve the service we provide to our insurance clients. We are looking for someone ready to embrace the challenge to get involved in a wide range of activities and not limit themselves to a traditional role. This is a unique role and one you can shape, with a broad range of career development opportunities in a collaborative and supportive team atmosphere.

The role is located in Manchester, which is where our actuarial outsourcing team operates from. There will be some Work From Home (WFH) and flexible working opportunities, and occasional travel to our London office and client sites.

The role will involve:

  • Strong technical and actuarial skills to interpret, consolidate, challenge and technically review a variety of actuarial results (analysis of change, sensitivities, etc)
  • Understanding of key actuarial concepts across all aspects of the financial reporting process.
  • Preparation and review of Solvency II reporting and other metrics (IFRS / EV)
  • Report into senior actuaries and able to communicate key observations and issues with initial explanations and justifications.
  • Complete work in adherence to professional excellence and external standards and enforce these within the team
Project Management
  • Deliver work in accordance to financial reporting timetables.
  • Liaise with the client to ensure the timetables and deadlines are mutually achievable.
  • Build relationships internally and collaborate effectively on cross-functional teams
  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
  • Takes an active interest in the development of more junior staff, sharing in detail the completion of routine tasks
Client/Account Management
  • Outsourcing contracts are long-term and you will have some responsibility in nurturing and managing the relationship with the client.
  • Deliver on projects to meet or exceed client expectations
Continuous Improvement
  • All members of our team have responsibility to proactively seek and drive improvements to all aspects of the outsourcing project. This may be through a variety of process, system and people related improvements.
  • Work with the continuous improvement manager to ensure these are delivered and that the job and team is operating efficiently and effectively
The Requirements
  • FIA qualified (or equivalent) is essential, with experience in financial reporting
  • Experience and expertise delivering a range of financial and actuarial reporting, with Solvency II reporting experience being essential
  • A demonstrable track record in delivering high quality output to deadlines
  • Strong sense of personal accountability and drive to improve the way we work. Flexibility and proven ability to diagnose and resolve issues Strong analytical and creative skills Focused, enthusiastic and with a positive growth mindset Proven delegation skills and a natural desire to coach and mentor junior associates Excellent Microsoft Office skills, particularly Excel and PowerPoint