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We are currently seeking a Valuation Actuary in order to support Balance Sheet Valuation and Reporting.
You will be required to assist the Senior Valuation Actuary as required with all valuation work, supported by the team of actuarial students.
You will be expected to execute experience analysis and other research to recommend and justify appropriate bases for balance sheet valuations.
To also ensure the complete and timely provision of FSA Returns and other similar information, and to provide support to the Finance team in the production of the Annual Report and Accounts.
You will regularly review data quality and be proactive in identifying issues and opportunities for improvement.
You may also assist the MGM Solvency II project and ad-hoc projects as required.
Desired Skills & Experience
You need to be a Fellow or near qualified Fellow of the Institute/Faculty of Actuaries. We ideally require a minimum of 3 - 4 years actuarial experience in life assurance or valuations combined with good knowledge of stochastic modelling.
In return you will receive a competitive salary, bonus and benefits package. When you join MGM Advantage, we’ll expect you to have the right skills and experience to add real value for our customers. In return, we’ll help you to make sure your career skills stay sharp through our commitment to your personal development. We’re proud that our learning and development programme has helped us to achieve Investor In People accreditation and we intend to keep it.
Since 2008 MGM Advantage has specialised in providing innovative retirement income solutions, and our Flexible Income Annuity and Enhanced Annuity products ensure that our customers receive the best possible income in retirement, whether they have a health impairment, or have a changing lifestyle ahead and need a flexible income. Founded in 1852, our initial business was providing valuable life assurance to mariners and sailors and, over the years, we developed our range to offer pensions, investment and protection products. The Society’s enduring strength, combined with our newly developed market-leading product and service expertise, provide clear advantage to our members, customers and financial advisers Awards and achievements: Five Star Award-winner at Financial Adviser Service Awards 2011, as voted for by Financial Advisers Flexible Income Annuity was the first retirement income product to be rated Five Stars by Moneyfacts Winner of 2010 Technology Administration and Service Award Highly commended in 2009 and 2010 Moneyfacts Awards Only UK mutual provider to have met the criteria laid out in the FSA's 'Dear CEO Letter' to With Profit Mutuals Winner of Financial Services Forum 2009 Award for most effective new innovation (relaunch of MGM)