Actuarial Solvency II Analyst M/F

Job title:

Actuarial Solvency II Analyst M/F

Company

Crédit Agricole

Job description

Crédit Agricole Assurances, France’s largest insurance group, unites together Crédit Agricole’s insurance subsidiaries. The Group offers a range of savings, retirement, health, personal protection and property insurance products and services. They are distributed by the Crédit Agricole’s banks in France and in seven other countries around the world by financial advisers and multi-line insurance agents. The Crédit Agricole Assurances companies serve individuals, professionals, farmers and businesses. At the end of 2023, Crédit Agricole Assurances has 5,800 employees and Its premium income amounted to €37.2 billion (IFRS).As the leader creditor insurance operator in France,the third-biggest European specialist in this segment, the 1rst in France concenrning the death benefit, funeral and dependence insurances , we provide a comprehensive range of financial protection products and services to cover the risks due to death, off work, dependence for families, employees and professionals through multi-channel pathways integrated into our partners’ processes : retail banks and specialised financing companies in France and Europe. It represents around 500 employees located in Paris, Lille, Dublin and Milan.Convinced that diversity is a source of enrichment for everyone, we are committed to inclusion. Our jobs are open to everyone, regardless of disability or individuality.Reference 2024-92004Publication date 21/08/2024Job descriptionBusiness typeTypes of Jobs – InsuranceJob titleActuarial Solvency II Analyst M/FContract typePermanent ContractManagement positionNoJob summaryDuties and responsibilitiesQuarterly/Annual Solvency 2 Reporting

• Generate and check the model points used for Solvency II calculations
• Update the assumptions feeding into the Prophet model and perform reasonability checks on assumptions
• Run the quarterly BEL calculations in Prophet including central BEL and BEL shocks for Life and Health Underwriting SCR
• Complete all outside Prophet calculations for Solvency Capital requirements, including Health CAT risk, Counterparty default risk, Health NSLT and Non-Life risks, Operational risk and LACDT
• Perform reasonability checks on all results
• Deliver results on time through internal reporting channels
• Support the Analysis of Change on BEL and SCR (twice a year)
• Calculate Risk margin on a quarterly basis
• Perform Solvency II Sensitivities calculations (twice a year)
• Provide high-quality commentaries on results as required by Management, Risk Management Function, other stakeholders
• Contribute to completion of all SII control cards

Solvency II Qualitative Reporting Templates (QRTs)

• Gather relevant information for quarterly and annual QRTs
• Deliver QRTs on time through internal reporting channels

Budget

• Review inputs from counterparties (future expected premiums/number of contracts)
• Ensure all relevant products (in force and new offer) are included in Budget projections
• Produce Budget results in Prophet
• Deliver results on time through internal reporting channels
• Review results first independently, then with Reserving Team
• Contribute to commentaries and presentation of results

ORSA

• Use budget information and other key inputs provided to calculate prospective Own funds and SCR in Prophet for ORSA for Central Scenario
• Amend Prophet tables and model points, as required, to run ORSA stress scenarios
• Complete all outside-Prophet calculations for completion of overall SCR
• Perform reasonability checks and other analysis on results
• Deliver calculation on time through internal reporting channels
• Participate in writing ORSA reports and presentations

New Business Point of Sale

• Generate and check the model points for new business point of sale exercise
• Update the assumptions feeding into the Prophet model and include reasonability checks on assumptions
• Run the annual New Business Point of Sale calculation in Prophet
• Perform reasonability checks on results
• Carry out Analysis of Change on New Business Point of Sale
• Provide quarterly estimates for New Business Point of Sale to Group taking into account assumption updates throughout the year

Supplementary InformationAnnual Studies

• Review results of experience studies on persistency, mortality, disability, unemployment expense and inflation, and assist the Team Leader and Manager in setting new Best Estimate assumptions for Solvency II reporting
• Produce an updated Model point aggregation study
• Produce an updated Roll-forward analysis
• Contribute to Reinsurance studies
• Produce an updated Risk Margin study
• Contribute to ad-hoc studies performed during the year for actuarial department (capital optimization initiatives, other)
• Participate in annual update of the Reserving policy document (including demographic and expense assumptions)

General

• Attend Technical meetings led by group and report back on outcome of meetings
• Keep up-to-date model documentation, procedures and processes on work performed
• Answer queries and provide information to audit and external reviewers, including Actuarial Function Holder and Central Bank of Ireland

Internal Relation

• Team Leader, Management, Actuarial Pricing Team, Actuarial Reserving Team, Risk Function, IT team, Administration & Operations Teams, Project, Claims and Finance Departments and Business Development Department

External Relations

• Group functions, external auditors, internal auditors

Position locationGeographical areaEurope, IrelandCityDublinCandidate criteriaMinimal education levelBachelor Degree / BSc Degree or equivalentAcademic qualification / SpecialityQualification:

• Degree in Actuarial Sciences, Mathematics or Finance
• Studying to obtain the actuarial fellowship with UK Institute of Actuaries or Society of Actuaries in Ireland, or for an equivalent qualification with a foreign actuarial society

Level of minimal experience3-5 yearsExperienceExperience:

• Knowledge of Creditor Insurance business an advantage for this role
• Knowledge of Solvency II reporting an advantage
• Experience working with Microsoft packages, particularly Excel, a necessity
• Experience working with Actuarial models and knowledge of Modelling Best Practice an advantage

Expected salary

Location

Dublin

Job date

Fri, 23 Aug 2024 00:45:30 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (jobsnear.net) you saw this job posting.