Actuarial Analyst

Collinson is a global loyalty and benefits company. We use our expertise and products to craft customer experiences which enable some of the world's best known brands to acquire, engage and retain the most demanding and choice-rich customers. In particular, our unique expertise and insight into high earning, frequent travellers allows us to create products and solutions for our clients that inspire greater customer engagement to drive more profitable relationships, enrich their travel experiences, protect what matters and assist in times of need.

While specialising in Financial Services, Travel and Retail, we also support clients in multiple sectors. We have worked with over 90 airlines, 20 hotel groups and more than 600 financial institutions and banks, with clients including Accor Hotels, Air France KLM, American Express, British Airways, Cathay Pacific, Diners Club, Mandarin Oriental, Mastercard, Radisson Hotel Group, Sephora, Visa and Vhi.

We take our 30 years' experience working with these kinds of household names in over 170 countries, and help our clients to deliver the smarter experiences it takes to differentiate their propositions, and help them win deeper devotion with their customers. Collinson is a privately-owned entrepreneurial business with 2,000 passionate people working in 20 locations worldwide. Our solutions include Priority Pass, the world's best known airport experiences programme, while we are also the trusted partner behind many of the leading financial services, airline and hotel brands' reward programmes and loyalty initiatives.

Purpose of the Job

The primary focus of the actuarial function is to contribute to the successful delivery of the business strategy by providing insightful actuarial analysis, whilst also fulfilling its regulatory responsibilities and ensuring policyholders' interests are adequately protected. The Actuarial Analyst supports management with delivering actuarial operations within the actuarial function. The main focus of the role is on producing calculations for quarter-end and year-end reporting and contributing to continuous process improvement. There is a need to transform the function to be more insight led through better use of technology, automation and more sophisticated analytical techniques.

Key Responsibilities

Data

- Support the development, updating and maintenance of capital management data sources within Actuarial to ensure the data remains appropriate, accurate and complete, including carrying out appropriate validation checks.

- Identify opportunities and suggest improvements to make better use of data and produce more insightful actuarial analysis.

Risk & Capital

- Support with the implementation of an appropriate investment strategy to maximise returns within an agreed market risk appetite framework.

- Monitor investment performance and work with the Group Treasury team to ensure the strategy is executed effectively.

- Contribute to the quarterly and year-end solvency capital requirement, risk margin and risk adjustment (CIEL only) calculations.

- Contribute to production of all required QRTs and outputs for financial reporting (e.g. SFCR, RSR, financial statements, etc).

- Contribute to the development and embedding of an effective capital management framework, including developing the economic capital model; SII capital projections; and capital optimisation relating to reinsurance purchases, investment strategy, new business strategy, shareholder dividends, etc.

- Contribute to risk management activities, including scenario modelling and asset & liability management (e.g. currency hedging, etc).

Reserving

- Support the quarterly and year-end calculation processes, including providing peer review of analysis when required.

Other

- Automate processes relating to data preparation and transformation, data visualisation, reporting, etc and generate concise summary dashboards to share with the business.

- Support with reinsurer requests for data and respond to queries promptly.

- Ensure professional qualifications and any CPD requirements are adequately maintained.

Knowledge, Skills and Experience Required

The successful candidate will have a desire to study towards Fellowship of the Institute of Actuaries (FIA) or equivalent actuarial exams; an analytical mindset, commercial awareness and strong written and verbal communication skills; and an ability to work proactively and autonomously to take ideas from proof of concept through to delivery.