Main characteristics
- Location
- Isle of Man
- Company
- Orchard Recruitment Ltd
- Salary
- £28000 - £34000/annum excellent package
- Employment type
- Permanent
- Category
- Accounting / Financial / Insurance
Job summary
Our leading Douglas-based Finance Sector Client is undergoing a time of significant growth and transformation as they complete the integration of a recent corporate acquisition. As the team grows, they now require a Part Qualified Actuarial Trainee.Role Profile
The ideal applicant will have a proven track record of undertaking reporting work. The role will also involve exposure to other areas of actuarial work including pricing and product development and actuarial liability modelling, as well as having the opportunity to contribute to the growth and development of the company through involvement in project work.
The main responsibilities of the PQ Actuarial Trainee are as follows:
* Taking an active role in external reporting, including the production of valuations to appropriate standards and within agreed timescales
* Taking an active role in delivering internal financial reporting, including experience investigations to appropriate standards and in line with agreed methodologies
* Assisting with the development and maintenance of actuarial liability models, checking data extract routines, and maintaining appropriate documentation
* Assisting with the maintenance and development of illustration systems both for the production of bespoke quotations as well as ensuring ongoing adherence to the actuarial calculation specifications
* Providing actuarial support to product development and pricing exercises, including the need to update illustration systems and Prophet models, perform profit-testing and update product documentation
Candidate Profile
The ideal PQ Actuarial Trainee will possess the following:
* Up to five years' experience working for a life insurance company, ideally on the Isle of Man, although applicants from other jurisdictions will be considered
* Knowledge of regulatory reporting, with experience of the Isle of Man Risk-Based Capital regime being beneficial
* A proven track record of delivering internal and external financial reporting across multiple jurisdictions and within prescribed timelines would be an advantage
* Be a student member of the Institute and Faculty of Actuaries (or equivalent body), and be progressing well with the examination syllabus
* Excellent inter-personal skills and an ability to communicate with people at all levels of the company in an effective manner
Benefits: excellent package