Head of ST Protection and US GAAP Consolidation

The focus of this role is to take part in the management and monitoring of a large and strategic portfolio of short term product in L&H EMELA Reserving. The team is made up of 3 direct reports. Your responsibilities will include :

For Short term protection segments:

• Manage production of quarterly reserves on applicable bases (USGAAP, SII, VIF, …)
  • Preparation of supporting documentation (checks, control…) to validate work produced to line manager & auditors.
  • Annual preparation of the assumption review documentation (for Assumption and Model Change Committee and Group presentation)
  • Provide insight into observed experience, propose base and assumption changes where relevant and quantify financial impacts.
  • Ensure the development and enhancement of the Replife tool: Replife is a reserving tool that uses Non-life reserving techniques to derive the Best estimate reserves for the short-term business
  • Review existing process and improve operational efficiency of reportings
  • Preparation and sign-off of the Solvency II results including the shocks and Analysis of Change together with the GAAP / statutory accounting.
• US GAAP consolidation: quarterly US GAAP consolidation and preparation of management presentations
• Contribute to various cross-functional projects, topics and responsibilities across the team including French GAAP, US GAAP LDTI, tool development among others
• Coordinate with other team members to facilitate the consolidation

Requirements

Working experience

• University degree in relevant field (Actuarial, Statistics, Engineering)
• Qualified actuary between 7 and 10 years of experience including 2 years of management responsibilities (including management of interns or apprentices).

Technical skills

• Knowledge in Non-Life Loss reserving triangles technics is a plus (Chain-ladder, Bornhuetter–Ferguson, Incurred Loss Ratio, etc…)
• Exposure to Solvency II
• Valuation / reserving and financial reporting experience would be beneficial with a focus on Life, Health and Protection products
• Knowledge R/VBA/PowerQuery coding language would be an advantage
• Reinsurance knowledge is an asset as well as US GAAP LDTI, French GAAP

Personal and communication skills

• Organized, able to work in a matrix structure
• Able to set and manage priorities
• Highly cooperative, flexible, and enthusiastic team-player
• Excellent verbal and written communication skills in English, French is an asset
• Keen to work with other cultures and able to think outside the box in a dynamic environment