Roles and responsibilities

Key responsibilities:

- Responsibility for supervision of other team members or managing a small team and own the delivery of that team for allocated pieces of work or project management; maintaining time and quality delivery standards.

- Performance Management - Ensure delivery of People Management Pru and that all its processes and tools are fully utilised in managing people allocated to him/her.

- Seek and act on opportunities to develop wider and deeper technical and business understanding.

- Monitor business and external developments related to own area of responsibility and propose consequent changes to established procedures.

- Undertake numerical analysis and manipulation using a range of systems and actuarial tools.

- Prepare and document simple computer programmes and models to clearly defined requirements.

- Support a range of management reports like committee papers, board reports, process efficiency reports, and regulatory returns.

- Respond to straightforward technical queries.

- Support other team members in a range of project work as and when required.

- Seek and act on opportunities to develop technical and business understanding.

- Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented.

- Compliance - Ensure understanding and adherence to Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.

- Financial Controls - Ensure all expenditure commitments (orders, contracts, budgets etc) and all payments are properly authorised, controlled and monitored, in accordance with l UK delegated authority requirements. The responsibilities of expenditure authorisers are documented in the l UK Financial Procedures Manual.

Problem Solving:

- Ability to think through issues at hand (People / Technical) and propose line of action, solution and way forward.

- Ability to review existing processes within the team and propose structured and executable process improvement initiatives.

- Ability to confidently express own viewpoint and to clearly and simply communicate actuarial issues within their team.

- Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met.

- Maintain and develop knowledge of technical requirements of job together with the framework in which operates.

- Under supervision, develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met.

Working Together:

- Good level of Stakeholder management skills.

- Ability to plan and prioritise own and team's workload.

- Ability to deliver on multiple tasks to demanding timescales.

- Ability to effectively influence colleagues.

- Communicate effectively with others, develop positive networks and working relationships.

Key Interfaces (please detail purpose and level of contact)

Internal External

For example: Finance Actuarial team

For example: Actuarial team

Competence / Knowledge / Skills required

- 5-7 years of relevant Actuarial experience

- An active student member of the Institute or Faculty of Actuaries and / or Indian Institute of Actuaries with 11actuarial exams cleared.

- Thorough understanding and experience of at least one function / team within Actuarial and ability to deliver on assigned tasks independently like Valuation, Modelling, Pricing.

- Good knowledge of the Financial Services industry and regulatory environment like EEV, IFRS, Solvency II.

- Good level of business influence skills like commercial appreciation and attitude required.

- Good level of understanding of the financial dynamics of Insurance business and how key factors influence the various financial measures.

- Good knowledge of insurance industry related products like Annuities, Bonds, Lifetime Mortgage, Unit Linked and With Profit.

- Good Knowledge of either MoSes/Prophet/RAFM.

- People management experience

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