Actuarial Analyst Capital and Projects

Job Purpose

This role will involve supporting the various functions within Hollard Long-term Corporate Actuarial team with a focus on assisting the Capital and Projects team to manage the capital calculations and driving capital efficiencies. In addition, the Project team capability within the Corporate Actuarial team will report into this role in order to Manage ad-hoc requests and projects to enable and improve own deliverables as well as to manage stakeholder expectations.

Key Responsibilities

• Assisting with the Capital calculations for the two life licenses within Hollard
• Calculation of SAM liabilities, Own Funds and SCR cover ratios
• Involved in producing and providing insight on annual budgets, forecasting and ongoing monitoring of experience within the supported business.
• Consolidation of results and the calculation of various profit or performance metrics on a SAM basis e.g. Net Generated Equity, Return on Capital.
• Assist in the implementation of the Iterative Risk Margin implementation as well as other capital optimisation initiatives
• Assess, develop, and distribute solutions around efficient balance sheet management e.g., reinsurance arrangements and optimization.
• Stress and scenario testing so as to understand the resilience of the business to a variety of events.
• Completing and reviewing returns submitted to the Prudential Authority, FSCA, ASISA, NCR, and other regulatory and industry bodies.
• Providing technical support and advice on the impact of dividends on the solvency position of both Long-term licenses.
• Provide technical input and commentary into the Own Risk and Solvency Assessment (ORSA).