Consultant Gig #853–UK–Experienced consultant with expertise in IFRS17

Dear Colleagues,

ICG is seeking interested and available professionals to respond to a service request from a global strategic partner.



Our global strategic partner has client with a need for a Head of Actuarial for IFRS17, reporting into the senior director/partner within the team.



Essential skills and experience includes:

  • General commercial and financial knowledge
  • Experienced user of MS Excel; VBA and Access/SQL skills desirable
  • Reserving and IFRS17 Technical knowledge; Solvency 2 Technical Provision knowledge would be beneficial
  • Strong analytical skills with attention to detail; accurate and numerate
  • Ability to communicate effectively both verbally and in writing with stakeholders at all levels
  • Ability to organise a high performing team as well as able to work on own initiative
  • Ability to manage time, meet deadlines and prioritise
  • Ability to inspire and motivate a high performing team


Desirable skills and experience includes:

  • Reserving and IFRS17 experience; Lloyd’s market knowledge desirable
  • Detailed knowledge of actuarial valuation techniques, including those used within pricing and capital modelling
  • Detailed knowledge of reinsurance and its impact on reserving
  • Proven people and project/task management experience – preferred



Candidates are expected to have appropriate qualifications in their field and the role is broken down into:

  • Oversee and own all aspects of actuarial assumptions required for the IFRS17 calculations
  • Oversee and own all actuarial aspects of IFRS17 Reporting & Analytics
  • Ensure governance around actuarial IFRS17 processes is maintained
  • Liaise effectively with other Finance and Actuarial ‘Heads of’ on IFRS17 actuarial matters
  • Ownership of all actuarial calculations performed by the IFRS17 Calculation Engine
  • Identify and implement IFRS17 process improvements and future requirements
  • Ensure the necessary documentation is maintained for the various tools used for the IFRS17 calculations within Group Actuarial
  • Ensure team delivers on ad-hoc projects assigned to them
  • Build and maintain constructive working arrangements with those groups identified as being key to your role
  • Operate as an effective team member by supporting direct reports and contributing to the delivery and achievement of overall team and business objectives
  • Be a technical expert and trusted advisor for management on the relevant actuarial aspects of IFRS17
  • Identify opportunities and deliver improvements in the IFRS17 valuation processes and methodologies
  • Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
  • Undertake applicable professional, technical and career development training (delivered internally and externally)


We would expect candidates to have qualifications that include:

  • University degree in Mathematics or related field
  • Professional Actuarial qualification


Logistics, Location & Rate

Logistics: Work is likely to ASAP and the assignment will last 12 months, Monday-Friday at 35 hours per week.

Location: The work will take place in the UK – London or Birmingham (flexible with any location) and will be hybrid working only.

Rates: The rate to ICG applicants is dependent upon the skills the candidate has but is in the range of £550-750 per day.  The contract is expected to be outside IR 35.

Close date: No later than Thursday 28th April 2022 21:00 BST (UK)