Capital Actuary- Hybrid
Zurich
- Dublin
- Permanent
- Full-time
- Perform complex analyses as assigned with minimal direct supervision including
- Review and updates to internal model methodology, expert judgements & limitations
- First line validation tasks, responses to independent validation findings and model change work
- Production of capital results and scenarios, contribute to ORSA and AFR
- Demonstrate increasing knowledge of actuarial disciplines and procedures to be able to provide high class service to internal customers.
- Support and participate in cross-functional discussions across Internal Model and other topics.
- Collaborate with individuals and teams across the TCOE, ZIE HO and Zurich Group as necessary.
- Effectively manage and develop relationships with senior colleagues within the company.
- Assist more junior team members with standard actuarial, capital and performance analytic tasks.
- Under general direction, manage the ongoing requirements for defined risk types of the Solvency II Internal Model, ensuring compliance with internal governance rules and regulatory expectations.
- Manage the production and reporting of results for defined risk types of the Solvency II Internal Model, including reviewing results, providing briefings to management, preparing reporting templates and internal controls.
- Reconciliation of inputs, parameters, and outputs of the production runs for defined risk types of the Solvency II Internal Model.
- Perform first line validation work, support model change and independent validation activities.
- Support the annual model recalibration and parameter reviews.
- Provide input and support to Solvency II compliance including the ORSA, AFR, RSR, SFCR, Profit and Loss Attribution report, QRTs and other relevant regulatory reporting.
- Further develop and enhance processes, methods, documentation, and technical tools.
- Assist the Finance, Capital, Reinsurance, Risk and Investment teams on an ad-hoc basis.
- Contribute to actuarial and capital management tasks such as SCR scenarios, SCR monitoring, reinsurance renewals and portfolio transfers.
- Undertake projects as agreed with the TCOE EMEA Actuarial Lead and Head of Capital Actuarial.
- Qualified actuary (per local society)
- Several years of actuarial experience, preferably non-life.
- Experience in multiple functions strongly preferred.
- Intermediate knowledge of actuarial professional guidance and relevant legislation.
- Intermediate knowledge of finance and accounting practices, financial analysis, SII capital models (Internal Model and/or Standard Formula) and regulatory reporting; ability to apply this knowledge appropriately to diverse situations.
- Intermediate knowledge of the insurance industry's trends, directions, major issues, regulatory considerations, and trendsetters.
- Intermediate knowledge, insight, and understanding of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.
- Intermediate knowledge of practices and policies governing disclosure of information about the organization, its business activities, and employees; ability to apply this knowledge appropriately to diverse situations.
- Advanced knowledge of and ability to use spreadsheet software.
- Knowledge in R is a plus.
- Intermediate/Advanced knowledge of other statistical and actuarial tools and techniques and ability to apply modelling processes and techniques to facilitate risk and capital management decisions.
- Professional & Communication skills
- Fluent English, both oral and written
- Strong oral and written communication, presentation, and interpersonal skills.
- Self-motivation and drive.
- Professional, enthusiastic, and positive attitude.
- Able to meet deadlines and work under pressure.
- Ability to handle complexity and distil out and explain key concepts.
- Technical and analytical skill to a high level.
- Competent at prioritizing, resourcing, planning and project management.
- Ability to manage diverse work portfolio.
- Able to see the big picture.
- Takes initiative without the need for approval.
- Ability to establish and maintain constructive business relationships with all contacts inside and outside the Company.
- Ability to seek out and use all available sources of information to make informed decisions and to solve problems.
- Positive and flexible attitude to change.
- Ability to think creatively to solve problems.
- Constructive and supportive working style.
- Customer focused approach.
- TCOE EMEA Actuarial Lead
- TCOE EMEA Head of Capital Actuarial
- ZIE Chief Actuary / HoAF
- ZIE Head of Capital Management
- ZIE Head of Capital and Risk Modelling and ZIE Risk Management team
- ZIE Finance teams, incl. Capital Management and Investment Management teams
- ZIE CFO, ZIE CRO
- Group Independent Validation
- Group Risk Management, Group Actuarial
- External interaction as agreed with Head of Capital Actuarial, may include regulatory (BaFin, EIOPA)
- Network of contacts within the actuarial profession
- Individual contributor; collaborating with team members.