Job Purpose
Support the implementation and transition of RBC2 reporting by performing dual reporting, variance and impact analysis, methodology documentation, regulatory submission support, and process improvements, while ensuring outputs are accurate, well-controlled and sustainable for BAU capital reporting.
Responsibilities
RBC2 Analysis, Dual Reporting and Impact Assessment
- Build, maintain and enhance analysis, reconciliation and reporting tools supporting RBC1/RBC2 dual reporting.
- Execute parallel RBC1/RBC2 runs, investigate variances and perform impact studies across capital requirements, solvency positions and key business drivers.
- Prepare accurate, timely and well-controlled reporting outputs, reconciliations and supporting analysis for management and regulatory use.
Methodology, Modelling and Submission Support
- Support the development and testing of RBC2 methodology, assumptions, Prophet model components and calculation mechanics.
- Maintain clear technical specifications, run logs, methodology papers, working files and audit trails.
- Compile analyses and supporting documentation for QIS-type exercises, internal governance reviews, industry submissions and BNM queries.
Process Optimisation and BAU Readiness
- Identify opportunities to automate controls, streamline workflows and improve the efficiency, repeatability and reliability of RBC2 processes.
- Maintain SOPs, process maps and control documentation to support business continuity and operational resilience.
- Contribute to testing, knowledge transfer and implementation activities required for a sustainable RBC2 BAU operating model by 2029.
Skills
- Strong knowledge of actuarial principles, statutory valuation and capital reporting.
- Proficient in Excel/VBA, Prophet valuation software, data handling, reconciliation and documentation of actuarial processes.
- Able to analyse results, explain key movements clearly, maintain strong controls and audit trails, and support process improvement through automation and appropriate use of technology.
- Competent use of spreadsheets, Prophet valuation software and generative AI tools where relevant to improve efficiency and quality of deliverables.
- Support knowledge sharing and provide guidance to junior team members where required.
Qualifications
- Degree in Actuarial Science or similar; passing of preliminary actuarial examinations.
- Minimum 2–4 years of actuarial experience, preferably in statutory valuation, capital reporting, RBC/RBC2 implementation, Prophet modelling or regulatory reporting.
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