Brief description
The main purpose of this position is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of life/non-life actuarial risks in insurance entities. The successful candidates will be involved in operational duties associated with on- and off-site analysis and will be part of a team of risk specialists in the PA responsible for providing specialist knowledge, skills and experience in the life/non-life actuarial risk management area.
Detailed description
The successful candidate will be responsible for the following key performance areas:
- Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following:
• Scrutinising the financial soundness of life/non-life insurers;
• Participation in on-site visits to life/non-life insurers; and
• The consideration of internal model approvals. - Scrutinise and check the compliance of submissions by life/non-life insurers’ actuaries.
- Assist in maintaining the statutory returns required by regulated entities.
- Participate in projects initiated within the PA and industry forums.
- Develop and test systems and procedures for internal use.
- Maintain and upgrade databases.
- Transfer knowledge and skills to stakeholders, both inside and outside of the PA.
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