Actuarial Consultant (General Insurance sector)

Strategic Risk Solutions; Dublin; Hybrid; EUR 40,000 - 60,000; Full time

Job summary

A dynamic firm in Dublin is seeking an Actuarial Consultant to join their team. The role involves performing capital calculations, providing consulting services, and supporting projects related to Solvency II. Candidates should have a numerically based degree, actuarial membership, and strong analytical skills. With a focus on growth and inclusion, this position offers an excellent salary and benefits package.

Benefits

Generous benefits package

Bonus plan

Study package

Qualifications

• Graduate with a numerically focused degree.
• Member in good standing of actuarial organizations.
• Experience with complex analytical tools and Excel.

Responsibilities

• Perform solvency capital calculations and reporting for insurance companies.
• Consult on Solvency II projects.
• Support UK actuarial team on various projects including reserving and pricing studies.

Skills

Understanding of Solvency II

Analytical skills

Experience in Excel

Communication skills

Education

Numerical based degree

Actuarial qualification

Job description

Actuarial Consultant (General Insurance Sector)

Company:	SRS Europe Limited (“SRS”)
Job Title:	Actuarial Consultant
Job Location:	Dublin, Ireland or United Kingdom (with easy access to London)
Job Overview:	We are looking for a part-qualified actuary to join our European Actuarial Consulting team on a full-time, permanent basis. The candidate must have a strong understanding of Solvency II, with additional reserving experience highly valued. The successful candidate will be based in Dublin or within the UK. Travel to London and Dublin will be required.
Job Description:	As an actuarial consultant your responsibilities will include: Performing the solvency capital calculations and subsequent reporting requirements, for several European based captive insurance companies. Work alongside fellow actuarial consultants and highly experienced accountants to provide Solvency II consulting services. Support the UK based actuarial team on all projects – these ranges from reserving, to captive feasibility and pricing studies, to Bermuda regulatory work and consulting on structured reinsurance projects.
Required Skills and Experience:	A successful candidate will possess the following credentials, abilities and experiences: Qualification and Abilities Graduate with honours of a numerical based degree. Member in good standing of the Institute and Faculty of Actuaries and/or Society of Actuaries in Ireland. Working toward actuarial qualification. Experience in Excel, and other analytical tools, allowing you to develop, maintain and use complex models. Experience Work to have included calculating Solvency Capital Requirements (“SCR”) for general insurance companies, utilising the standard formula. Experience in completing the Solvency II regulatory returns including: Calculation of Technical Provisions (“TPs”) Drafting of all sections of the Actuarial Function Report (“AFR”). Personality traits Skilled in articulating ideas clearly and effectively, both in spoken and written forms. Eager to learn and develop, being open to feedback and questioning methods and processes. Strong attention to detail with a proactive attitude. Ability to manage multiple tasks in parallel, whilst meeting deadlines, working collaboratively and performing tasks to our very high standard.
Preferred Attributes:	A successful candidate will possess at least some of the following credentials, abilities and experiences: Qualification and Abilities Proficiency in writing and maintaining code (R or Python coding languages preferred). Experience in project management; taking a project from infancy to completion whilst ensuring stakeholders are well informed, deadlines are successfully met and that the output is well received. Part-qualified actuary, with expectation to sit the general insurance specialist exams (SA3, SP7 and SP8). Experience Experience in working with an Actuarial Function Holder or Head of Actuarial Function, to support them in their regulatory role. Skilled at working with captive insurance companies. Experience in calculating the SCR for several different captive and commercial insurance companies, across all general insurance lines of business. Skilled at populating Quantitative Reporting Templates (“QRTs”) and National Specific Templates (“NSTs”) for multiple different insurance companies. Familiarity with standard actuarial reserving techniques and experience in calculating reserves for small commercial and captive insurers. Familiarity with actuarial pricing techniques and experience in pricing for standard general insurance lines of business placed in the insurance market. Experience in presenting actuarial ideas and concepts to clients.
About Us:	SRS Europe Limited (“SRS”), part of the world’s largest independent captive insurance management firm, provides financial reporting, regulatory compliance, and program management services to the insurance and alternative risk financing industry. We operate throughout Europe, the United States and in offshore domiciles (Barbados, Bermuda, and the Cayman Islands). SRS’s actuarial team was established around four years ago. The team is centred around the UK and Ireland, although we have actuaries sitting in Luxembourg and Gibraltar also. Our work involves assisting in captive management related actuarial tasks, as well as providing consulting services for a range of ad hoc services. We are a small, dynamic and highly skilled team, working to provide the best service for our clients.
Benefits:	Offering an excellent salary, bonus plan, and a generous benefits package, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. The pace is fast and demanding, but SRS's dedication to its people has established a company-wide network of colleagues committed to each other's, as well as the Company's, success. A study package will be provided.