Solvency II Systems Implementation Specialist – contract.

Solvency II Systems Implementation Specialist – 6 mnth contract. to c£500/day

The successful candidate will be part of a wider regulatory team and focus on the annual reporting submissions under Solvency II, Pillar III and as such the work will be a combination of project work getting the business ready for Pillar III reporting and tidying up the reporting process to make it business as usual.

This is a 6 months contract supporting role, assisting with the successful delivery of the new solvency II software systems implementation.

Duties

Systems account mapping, business process automation and the special projects including, matching source systems with the QRT Requirements

Unwind transformations made for group purposed with a view to recreating those using local data model

Develop process for Cash flow discounting for Solvency purposes similar to group for local reporting

Interpreting EIOPA and PRA guidance to understand the implications on 'Own Funds' methodology, calculations and Pillar III reporting requirements

Develop process for Technical provisions and associated yield curves for local reporting.

Analysing/formatting data for S.06.02.01 Assets/Derivatives

Analysing and formatting data for S.23.01.01 Basic own funds Tiering

Analysing and formatting data S.17.01.01 Non-Life Technical Provisions

Development and delivery of annual and quarterly Solvency II Reporting processes to the PRA,

report writing to the Board members, bringing to their attention key Solvency II issues, areas of judgement and technical developments

It will involve extensive excel work and mapping where the schedules are worked on and require very good working knowledge of Solvency 2, Pillar 3 rules.

Understand the implications of the business change required, assessment of viable options, production of appropriate business case, risk assessment.

identify the benefits associated with the change and work with owners to maximise benefit realisation.