The role holder will be required to:

• Review and interpret consultation papers, implementing measures and other emerging developments
• Identify processes and methodologies that meet Solvency II requirements in conjunction with actuarial reporting stakeholders
• Provide Solvency II expertise to the Actuarial Systems Transformation (“AST”) project to ensure that the new model developments incorporate the requirements of Solvency II
• Provide Solvency II expertise to the Actuarial Reporting team in general compliance issues
• Determine the scope of work required to attain Solvency II standards (both internal model and standard formula) using current systems/processes
• Support the development of a detailed implementation plan, in line with the internal model submission for approval and the AST project, which ensures Solvency II compliance at the appropriate key milestone dates
• Guide the overall embedding of new Solvency II-compliant processes and methodologies into BAU
• Liase with Solvency II workstreams to discuss and challenge requirements as required

Candidates

• Qualified Actuary with appropriate post-qualification experience
• Detailed understanding of current Solvency II requirements, or a good understanding and the ability to get up to speed quickly;
• Understanding of key requirements and processes for Life business, supported by experience of working in or with reporting teams;
• Has experience in Pillar 2 Reporting (ICA) of both With-Profit and Non-Profit business
• Has a significant understanding of the Solvency II framework
• Methodical and applies attention to detail - ability to convert Solvency II principles into detailed requirements
• Proactive, flexible and adaptable
• Experience working within a project environment & working to project deadlines
• Has good verbal and written communication skills, experience of communicating complex issues to a diverse audience
• Works well within a team and also individually
• Open minded and is open to their views being challenged