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Job Description

As the International Chief Actuary you will lead the actuarial function in Europe and Latin America (LATAM).

Reporting to the Global Head of Products and Actuarial in Group Insurance, this is a key actuarial leadership position.

You will:

  • Be responsible for specific areas of accountability for the actuarial area of the insurance business across the Europe and LATAM regions i.e. this includes functional leadership of the current teams geographically and centralisation of appropriate activity for these teams.
  • Be responsible for driving best practice and contributing to the development and implementation of actuarial strategic plans for Insurance. This includes delivering consistent development and deployment of new capabilities such as compliance with IFRS17. 
  • Act as an advisor to Management on all actuarial matters related to Europe and LATAMand ensure Appointed Actuary responsibilities are undertaken on behalf of insurance regulators.
  • Lead and mentor the chief actuaries in each of the company’s manufacturing businesses in Europe and LATAM.
  • Oversee and lead any actuarial activities required to support distribution only markets in Europe and LATAM for insurance.
  • Be a deep subject matter expert within the group insurance head office teams for a wide range of business and actuarial matters and issues.
  • Lead the Europe and LATAM insurance team’s response to emerging actuarial issues.
  • Position the company ahead of actuarial developments so that they can lead change and proactively respond to actuarial developments.

Expectations

  • You have worked in a senior actuarial role in at least 2 countries.
  • You must be a Fellow of the Institute and Faculty of Actuaries, or an equivalent actuarial body with at least 7 years post qualification experience and at least 15 years of solid actuarial work experience.
  • You must be able to work in English and French, with Spanish an advantage.
  • The jobholder needs to have excellent understanding of the dynamics of actuarial management of a life office, excellent technical actuarial skills and the ability to apply these to influence business decisions.
  • It is desirable that the job holder has worked in at least 2 different countries in an actuarial role. 

Responsibilities include but are not limited to:

  • Oversee and ensure good management of local solvency positions.  Ensure visibility of and proactive response to emerging issues.
  • Oversee good management of group financial reporting standards as they relate to insurance manufacturing businesses. Provide ad-hoc support to country actuarial teams.  
  • Oversee pricing processes are robust, consistent and meet relevant company policies. Provide ad-hoc support to country actuarial teams.  
  • Oversee processes to apply Economic Capital (EC) reporting and robust and efficient.  Ensure EC positions are understood and proactively managed. Drive improvements to EC reporting and processes. Provide ad-hoc support to country actuarial teams.  
  • Lead reinsurance management for the group in Europe and LATAM.
  • Be actively involved in the company’s implementation of IFRS 17 reporting standards.  Responsible for a smooth transition from IFRS 17 project to BAU reporting processes.
  • Ensuring appropriate controls and frameworks are established to manage model risk and meet the Group model risk management standards.

Skills & abilities

  • Culturally sensitive and understanding of local customer needs
  • Excellent communication skills, both written and verbal so that actuarial and non-actuarial colleagues can comprehend complex issues.
  • Strong people management, leadership and planning skills and demonstrated ability to manage a team of technical people.
  • Experience preparing and/or conducting briefings and interfacing at all levels of management.
  • Demonstrated initiative, autonomy and commitment to process improvements.
  • Demonstrated ability to think strategically balanced with practical day-to-day execution.
  • High level of energy and enthusiasm
  • Must have the potential for further development personally and professionally
  • Excellent relationship building and senior stakeholder management skills
  • Able to navigate conflicting strategic priorities and decisions
  • Able to operate effectively in a complex matrix driven environment
  • Meet the requirement of leadership capability level for role including values level.
  • Ability to apply actuarial judgment where there is insufficient time to build a complex actuarial model.