Unit Pricing Actuary: Job Details
Our client offers a wide range of internal linked funds to policyholders. The fund administration and the unit pricing for these funds are currently being migrated from an outsourced arrangement to in-house management. The migration project is substantially complete and is due to finish in 2010. To support this change a new fund administration and unit pricing system (Invest|Pro) has been implemented.
The successful candidate is required to provide actuarial expertise and support in all fund related aspects of the business. This will include:
- Migration of fund administration for existing internal funds from a spreadsheet based system to our fund administration system (Invest|Pro)
- Setting up of new funds on Invest|Pro
- Where necessary work with the system provider to develop Invest|Pro to meet business requirements
- Provide support to the fund administration team for the funds which have already been migrated to InvestPro.
- Assisting in the calculations required for fund suspensions, closures and other corporate actions
- Provide actuarial support and guidance in the management of funds offering investment guarantees and protection
Qualifications Required- Part qualified (CTs completed)
- 2 years+, preferably in a financial reporting environment
- Knowledge of unit-linked and tracker products
Excel, Access, Prophet experience a definite advantage
Other tasks as directed by the Unit Pricing and Operations Manager or the Head of Actuarial
