Head of Capital and Balance Sheet Management

Head of Capital and Balance Sheet Management

Minimum Requirements:

• Qualified Actuary with at least 2 years Post Qualification Experience
• SAM and Capital Management experience Crucial
• Experience in managing people
• Experience of Iterative Risk Margins preferred (not a requirement)

Key Responsibilities:

1. Solvency Assessment and Management Prudential Valuation for The Company Life and the Cells:
   • Solvency Capital Requirements
   • Iterative Risk Margin Calculations
   • Dividend proposals
   • Quarterly and Annual Returns
2. Investments Management:
   • Asset Liability Modelling exercises
   • Setting investment strategies for the business
   • Monitoring investment performance against benchmarks and risk appetite
   • Regular engagements with the Asset Managers
3. Running Models (to ensure accurate financial reporting and support management decision making) at an advanced level:
   • For inputs to processes such as reserving, capital, pricing, or business case modelling
   • Development and maintenance of advanced spreadsheet models, including planning, capital, and risk modelling
   • Development and maintenance of actuarial open platform software complex models
4. 1st Line Quality / Assurance Review and Checking (to ensure accuracy of outputs for sound business decision making and ensuring a robust control environment).
5. Coordination of a Committee / Forum (to enable business and risk management execution and oversight for a sound control environment):
   • Understand and deliver requirements of internal stakeholders within the same business unit
   • Understand and deliver requirements of internal stakeholders not within the same business unit (e.g. Risk, Group)
6. People Management Responsibilities (to support talent development and business resilience):
   • Managing a team of 5 Actuarial Specialists and Analysts