Key Responsibilities
- A key member in the leadership of the Shared Services actuarial team ensuring that the team are effectively performance managed and motivated to deliver excellent service to the business
- Act in accordance with customer principles to embed TCF within Group; Product Design, Sales and Marketing, Product Servicing and Management Information.
- Maintaining effective relationships in the Finance and Actuarial Shared Services functions and with the International Business Unit
- Delivery of quality and timely actuarial management information to support profitability decision making and analysis of risk in the Business Unit
- Provision of full Business Planning and forecasting services to the International Business Unit
o Projections of key performance indicators together with a rationalisation of the projection based on the external and internal environment together with commentary and analysis
o Provision of re-forecast results monthly and quarterly to agreed level of detail
o Full analysis of actual financial results against business plan
- Support to Business Unit product pricing exercises and profitability reviews (pricing conducted in a controlled manner to agreed group guidelines, analyses are documented and stored for future retrieval, appropriate sensitivity analyses conducted, product risks identified and reserved for where necessary, profitability reviews conducted on a regular basis in accordance with Business Unit requirements)
- Provision and monitoring of special deals to ensure they are in line with group profitability guidelines and are implemented in a controlled manner
- Production of projection scenarios for the ICA and Group Economic Capital exercise (with rationalisation and appropriate communication of the key drivers and results to Risk Services)
Responsibilities
- Cross-divisional actuarial project support including:
o New product propositions
o Enhancements to existing products
o New market developments
o Group-wide initiatives
- Continual process improvement in terms of quality, risk, flexibility and efficiency
- Actuarial systems management, support and development (key processes fully documented, proper change control implemented for relevant Actuarial systems, systems records maintained as required by the Prudential Sourcebook in relation to the respective risk categories)