Actuarial Manager, Open to flexibility

Location
Bristol, South West England
Salary
£46,782 - £67,574 per annum + benefits
Posted
04 Oct 2017
Closes
18 Oct 2017
Ref
599252
Contact
Lloyds Banking Group
Contract Type
Permanent

Actuarial Manager, Open to flexibility

Scottish Widows has been helping people plan their financial futures for over 200 years. It is one of the most trusted Financial Services brands in the UK with over 6m customers and over £80bn in assets under management.

This role offers a superb opportunity to join a new team within Actuarial Change working to develop the Loan Valuation Model which is used internally to value c£6bn of illiquid loans for Scottish Widows Limited. The wider Asset modelling and Actuarial Change team provides a flexible, collaborative and challenging working environment with opportunities to develop and a wealth of experience to draw on.

The Loan Valuation Model (LVM) is an Excel based model with underlying Visual Basic script. Additional Excel based models are used to generate the required inputs into LVM and devlopment of these is also in scope of this role. The LVM is a high profile model and developments to support new trade activity are high on the agenda to ensure we are operationally capable of modelling new asset types.

Key stakeholders are Investment Valuation and Investment Strategy and Execution teams and good communication and relationship building skills are required to build a strong foundation for this new development team. The role will also require a close working relationship with the team responsible for developing the Asset Stressing model in Prophet ALS; all assets valued in the LVM will need to be stressed for Solvency II so a consistent approach to valuation is required between the two models.

The role will include:

  • Building an understanding of the assets being modelled, new trades proposed and the developments required
  • Developing, testing, documentation and governance of the Cashflow Waterfall Model and the Loan Valuation Model
  • Scope to manage external resource when demand for change exceeds supply from the BAU team
  • Working with Data Systems & Change (DS&C), Assumptions and Methodology, Asset Modelling and Investment Valuation teams to understand where changes impact the end to end process

You'll be a Part Qualified or Newly Qualified Actuary with Life Insurance experience. Strong communication skills, analytical skills and knowledge of Excel and Visual Basic are essential, knowledge of assets and modelling in Prophet would be beneficial.

Being a part of Lloyds Banking Group offers opportunity for progression and development. Together we make it happen so if you want to work for one of the largest Financial Services organisations in the UK and you've the skills, knowledge and drive we're seeking then we'd like to hear from you.

In return we'll offer you a competitive package which includes salary, bonus, generous pension contribution and flex cash to spend on a host of benefits to suit your lifestyle. We have a long track record in flexible working and ensuring work life balance. Discover a culture that values you and empowers you to make a difference.