Vacancies for Actuarial Contractors

Our client is looking for five actuarial analysts to join an existing team of experienced actuaries in carrying out the workplans and creating the body of evidence to demonstrate that the Internal Model satisfied the Solvency II tests in support of the firm's application to the FSA for Internal Model approval.

Two roles involve longevity risk, two roles involve aggregation, and one role involves credit risk.

All roles involve:

• Solvency II Pillar 1 methodology;
• reporting to the Workstream Project Manager and Actuarial Lead;
• would join an existing team of several experienced actuaries creating the body of evidence to demonstrate that the Internal Model satisfied the Solvency II tests to support application to the FSA for Internal Model approval; and
• the main Solvency II tests the work focuses on are Statistical Quality, Validation and Documentation of methodology.

Skills and experience required:

• ideally 3-5 years post qualification life insurance experience with good technical background;
• realistic balance sheet, ICA and Solvency II experience important;
• good written and spoken communication; and
• ability to deliver to deadlines.

Our client is looking for a contractor to join its user acceptance testing (UAT) team within the Retirement Systems Group. The UAT team prepares and executes tests of software operation and actuarial calculations, working closely with software analysts, designers, developers and the technical testing team in RSG. The role is to assist with testing Asset Liability Tracker software (an application which allows trustees and/or sponsoring employers to automatically track the financial position of their pension scheme or schemes, on a daily basis).

The role specifically requires the candidate to be able to:

• perform high quality, comprehensive software testing by developing/extending and applying an understanding of the business needs and relevant technical skills;
• work with and adhere to software development/testing and quality standards;
• be sufficiently self motivated to take initiative when appropriate, but be prepared to follow precise instructions when given;
• liaise with software developers to coordinate the overall delivery of work;
• support existing test packs and provide testing support internally; and
• take part in estimation processes to facilitate project planning and efficient completion of testing.

Skills and experience required:

• at least two years’ experience working in the pensions field, preferably in an actuarial role and taking the actuarial exams. Ideally, familiarity with the mechanics of cashflow-based liability calculation methods and term-dependent actuarial assumptions (eg yield curves);
• good general software skills and an interest in software. Ideally, some past involvement with actuarial software and software testing;
• good attention to detail;
• good analytical and communication skills;
• team player; and
• able to work under pressure.