Job Description
Role holders will be expected to carry out the 'Key Tasks' outlined in the section below along with other additional duties of a comparable nature as determined by the company. The information below outlines the desired experience/qualifications, skills and behaviours for these roles.Required / Desirable Qualifications and ExperienceHonours Actuarial degree qualification is desirable.Candidates should be a Fellow of the Society of Actuaries in Ireland or an equivalent actuarial body.Strong systems and computer skills including Excel/Word and ideally Microsoft SQL/VBA/Python.Utmost has a suite of IRIS Models and knowledge of this software is not essential but candidates should have experience working with other comparable systems (such as RAFM, Prophet, etc.).5+ years of experience working in a Modelling or Financial Reporting Role.Strong knowledge of Solvency II regulations with knowledge of IFRS17 reporting requirements a distinct advantage.Prior experience of people management managing a team.Key Skills and BehavioursDemonstrates an appropriate level of technical skills for their role and an appreciation of current issues affecting their profession and the life (re)insurance industry.Demonstrates an understanding of the importance that robust risk and governance frameworks within UPE as a regulated entity.Takes responsibility for the quality, completeness and accuracy of work.Shows flexibility and resourcefulness to ensure that the team’s workload is prioritised correctly and all deadlines are met.Critically evaluates and challenges current work practices in order to continually improve the team and its output.Works collaboratively with the Reporting and Reinsurance teams to ensure that the Actuarial Function as a whole operates effectively.Strong communication skills (both verbal and written) with an ability to explain technical content to Senior Management in a clear and coherent manner.Development expectations (self and Team)The modelling manager is responsible for the performance management and professional development of all members of the modelling team.They must set objectives/goals for team members that are aligned with the overall goals of the team (and the wider Actuarial Department).The modelling manager will also have a strong focus on their own professional development and will keep their knowledge and skills updated to meet current and future business requirements.Key ResponsibilitiesKey TasksLeading Utmost's Modelling TeamManagement of a team of 5 actuaries/actuarial students who deliver all heavy modelling results required by Utmost’s Actuarial Department.Responsible for the design, build, testing, and maintenance of the actuarial models in line with Utmost’s internal policies and frameworks.Responsible for maintaining and enhancing modelling documentation, including the drafting/reviewing modelling specifications from technical requirements, modelling development log, simplifications/expert judgement logs etc.Responsible for the validation of data used in actuarial models and the production of Data Quality Reports.Responsible for the production of modelled output used to calculate Solvency II and IFRS17 results each quarter (including analysis of change in reserves/surplus).Co-ordinates the production of model runs for the annual ORSA and Business planning exercises along with regular MI (including monthly Solvency and New Business monitoring).Ensuring robust documented processes including effective controls are in place and kept up-to-date.Supports communication with key external stakeholders including but not limited to external auditors, shareholders and the Central Bank of Ireland on actuarial modelling matters.Supports the business with other ad-hoc calculations/reports as required. #J-18808-Ljbffr