We are recruiting for a Senior Actuarial Audit Manager

Supports the Head of Audit’s (HoA) by designing, driving and delivering a portfolio of high quality risk-based audit services across the Insurance divisions ( UK Protection and General Insurance) with a focus on areas with significant actuarial elements such as pricing and reserving by providing independent opinion and assurance on the strength of the control framework and the effectiveness of business risk management.

Is an active member of the Insurance Audit Team, using knowledge and experience to provide challenge and advice to peers across the team’s portfolio of audits,  including but not exclusively where subject matter includes actuarial components. Actively contributes to the team management, development and achievement of strategic goals. In addition, grows capability to lead Audits in other areas of the insurance businesses, for example operational and finance areas.

Supports Senior Auditors on the team in their work and with their professional development.

Supports the HoA in managing the strategic relationship with key GIA stakeholders ensuring the risks associated with latest business plans are fully considered and provides independent opinion and assurance on the strength of the control framework and the effectiveness of business risk management.

Principal Accountabilities

Executes a dynamic, quarterly, risk-based audit plan ensuring the plan focuses audit activity on key areas of most significant business risk. Monitors and anticipates regulatory and business change, assesses the potential impact and instigates exceptional audits as required. Provides an appropriate level of assurance, that the most significant risks to the business are being well managed.

Manages the workload of assigned audit resources, monitors the quality of audit files and ensures all audit work complies with GIA’s audit methodology and standards. Delivers audits on time and to agreed budgets, presents to executive management and agrees commercially viable audit recommendations and business actions to address areas of risk and failures in the control framework.

Influences executive stakeholders to embed risk management practices, thereby enhancing internal control practices and improving the overall strength of their control framework through the delivery of high quality audit reports and focused audit opinions.

Analyses audit opinions and conclusions providing input to GIA commentary to the Group Audit Committee, relevant business division Boards and Risk & Compliance Committees, on significant areas of concern and the remedial actions required to mitigate risk to the Group.

Ensures that the principles of treating customers fairly (TCF) are embedded into management practices, so that identified risks recognise relevant TCF outcomes, and business processes and internal controls are structured and performed in a way that effectively delivers the required TCF outcomes.

Support the ongoing development of audit methodology and approach in respect of model error risk,

Contribute to building data analytics capability within GIA.

Qualifications/ Knowledge & Skills

This role requires a high calibre individual, experienced in managing at a senior level, with considerable experience in business and people management and with proven abilities in taking responsibility for executing high quality deliverables within strict timetables

Knowledge /Experience

Extensive experience of actuarial principles and practices.

Previous experience in a business role within the insurance industry.

Comprehensive knowledge of life and pensions insurance products throughout their lifecycle.

Demonstrable knowledge of Conduct and Prudential Regulatory Risk, Corporate Governance practices and frameworks.

Demonstrable understanding of risk management principles and practices.

Experience of Internal Audit principles and practices, managing internal audit and assurance delivery within a framework of matrix-reporting and able to provide authoritative guidance to auditors is an advantage.

Skills

Directing and delivering a programme of audits, leading technical or complex reviews and providing overall quality control.

Strong leadership skills.

Effective negotiator.

Articulate and effective communicator, both orally and in writing.

Energetic and enthusiastic with a strong work ethic.

Ability to offer purposeful, constructive scrutiny and challenge through sound, independent judgement and common sense.

Resilient, handles adverse responses or criticisms positively and constructively.

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, life assurance, 30 days' holiday, private medical insurance, performance related bonuses, discounts at both a huge range of high street stores and our own great products, as well as a 12% car allowance scheme.

For further information about the role, please contact Lynn Morriss, UK Resourcing Lead, at lynn.morriss@landg.com