Executive Assistant - Newcastle - JustTheJob

    JustTheJob
    JustTheJob Newcastle

    1 week ago

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    Description

    Job Description

    The Actuarial Analyst plays a crucial role in determining the pricing of annuity and life insurance policies to minimize risk and optimize costs for individuals and groups.

    1. Compile statistical data and other relevant information for further analysis and examination.
    2. Evaluate the probability and potential economic impact of risk factors such as age, gender, lifestyle choices, and unforeseen events like death, illness, accidents, or natural disasters.
    3. Design, test, and implement insurance policies, investments, pension plans, and business strategies to mitigate risks and enhance profitability.
    4. Develop, maintain, and analyze projection models to forecast future outcomes.
    5. Reconcile and interpret actuarial inputs and outputs to ensure accuracy and consistency.
    6. Conduct experience investigations to compare actual outcomes with expected results, updating actuarial assumptions and models accordingly.
    7. Create actuarial pricing models to estimate policy costs and value.
    8. Develop models to assess business cases and their potential return on investment.
    9. Analyze and interpret designs and specifications, compiling detailed product configuration requirements to implement products on relevant administration platforms.
    10. Collect necessary data to run valuation models and ensure accurate calculations.
    11. Execute the valuation process and assist in the development and maintenance of valuation models to meet changing regulatory and economic demands.
    12. Support product development by acquiring in-depth knowledge of the company's administration platform and its capabilities.
    13. Facilitate the integration of intermediary administration platforms with the company's platform to ensure seamless operations.
    14. Review existing processes, assumptions, and models used, contributing to the development of a robust and well-documented actuarial function.
    15. Present findings, reports, valuations, and regular updates to inform business decisions and drive strategic growth.

    Key Qualifications

    1. Bachelor's degree in mathematics, actuarial science, statistics, or a related analytical field.
    2. Professional actuary certification (e.g., Fellow of the Society of Actuaries or working towards one).
    3. A minimum of 3 years of progressive experience in data compilation, research, statistical modeling, and report writing.
    4. Experience in related fields such as underwriting and product development is highly desirable.
    5. Solid foundation in mathematics, statistics, and business principles.
    6. Strong analytical problem-solving skills and attention to detail are essential.
    7. Ability to utilize and develop spreadsheets, databases, and statistical analysis tools.
    8. Capacity to communicate complex technical concepts to non-technical stakeholders.
    9. Proficiency in working with large datasets and extracting meaningful insights.
    10. Excellent verbal and written communication skills are required.
    11. Familiarity with a wide range of actuarial functions and responsibilities.
    12. Good understanding of economics and legislation related to financial services.
    13. High level of numeracy, statistical, and mathematical modeling expertise.


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