Brief description of role
To provide specialist actuarial advice and practical funding review interventions for the risk and funding (RaFT) team.
Accountabilities
- Making risk-based regulation decisions at an operational level based on actuarial knowledge
- Analysing information to provide actuarial advice for action proposed in relation to casework and application of regulatory tools
- Contributing information to development of new strategies
- Contributing to project and case teams with specific, actuarial advice and knowledge to assist progress towards objectives
- Sharing knowledge of actuarial issues, best practice and successful interventions with colleagues and providing relevant learning when required
- Communicating effectively with all key internal and external stakeholders
- Escalating high priority issues as required
- Suggesting relevant improvements to team processes
- Communicating patterns of information to assist in identifying horizontal themes; sharing relevant information
Outputs
- Successful implementation of case plans
- Successful interventions and resolution of issues through actuarial advice and activity
- Practical funding solutions for schemes and/or employers
- Funding and solvency proposal assessments
- Effective project working
- Presenting key messages at actuarial/trustee events
- Contributing to RaFT workshops for external stakeholders
- Effective negotiations
Knowledge and skills
- Relevant actuarial knowledge
- Diagnostic regulatory tools, risk mitigation strategies and techniques
- Regulation principles and best practice
- Data Protection Act/Freedom of Information principles
- Communication – written and oral
- Analytical/problem solving
- Attention to detail
- Influencing and negotiation
- Assimilation of information
- Prioritising
- Decision making
- Relationship building
Qualifications
- Fellow of the Faculty or Institute of Actuaries
- Or member of other recognised actuarial professional body