Client Services Manager

• Jul 2021 - Present

VP Actuarial Manager

• Jan 2021 - Jul 2021

Actuary

• Jul 2019 - Jan 2021

Knighthead Annuity & Life Assurance Company is a Cayman Islands based insurer that provides fixed and indexed annuity offerings to international clients through regulated institutional distribution partners and reinsurance of fixed annuities written by US regulated ceding companies.My role includes:-Developing models to accurately price and analyse prospective new reinsurance transactions-Active in each stage of the RFP process including liaising with annuity consultants and preparation of documentation for potential new reinsurance transactions-Ongoing capital modelling and business projections including stress testing and risk reporting-Instrumental in preparing detailed presentations for key stakeholders eg. AM Best, CIMA (Cayman Islands Monetary Authority) and Knighthead Annuity's board of directors-Creation and maintenance of proprietary cashflow models for reinsurance transactions executed and annuities written directly by Knighthead Annuity for use in capital planning-Comprehensive monthly review of reinsurance settlement statements received from cedents in collaboration with the finance team and investment manager-Asset and liability modelling in partnership with Goldman Sachs Asset Management-Monthly valuations of reinsurance liabilities-Experience study analysis for our direct and reinsurance business -Responsible for over 40 regular enterprise risk management tests and reporting of risk tolerance levels and mitigation strategies to Knightheads ERM committee-Relationship management and networking on and off the island eg. travelling to the US for conferences and I'm also a member of the Cayman Islands "Exec Connect" networking group-Approved by CIMA as peer reviewing actuary for all Knighthead Annuity's actuarial matters Show less

Actuary

• Jan 2019 - Jul 2019

-Configuration of products and integration testing-Providing support to IT on system developments-Liaising with customer services teams on issues raised and developing solutions-Organising and prioritising steps involved in carrying out a configuration update with many other teams e.g. pricing, IT, investment, customer service

Trainee Actuary

• May 2015 - Jan 2019

I have responsibility for a portfolio of defined benefit pension schemes and work closely with the scheme actuary in providing a range of client services. I have developed extensive relationships with my clients, scheme brokers and Irish Life’s other internal departments who all provide important information and services to the schemes for which I am responsible. Statutory actuarial work and client services• Preparation of statutory disclosure documents such as actuarial statements, triennial valuation reports and funding certificates.• Preparation of accounting numbers such as IAS19 and FRS102.• I work closely with Irish Life Investment Managers (ILIM) to provide integrated asset and liability solutions to our DB clients including dynamic de-risking and liability driven investment (LDI).• Dynamic de-risking; providing daily checks on a schemes solvency and economic position in order to identify optimum times to de-risk the scheme assets from growth assets to matching assets.• Day to day member services such as calculation of retirement options, standard fund threshold calculations, transfer values and assisting with client queries.• Collaboration with Irish Life’s Defined Contribution team on schemes that have ceased accrual on their defined benefit scheme and now operate as a defined contribution scheme for future service. Project work• Prepared and presented the team’s first “Risk Management Pack” for the trustees of a large Irish scheme. This included a risk register, governance checklist, statement of investment policy principles and financial snapshot, to assist the trustees in complying with the Pensions Authority Financial Management Guidelines.• Undertook a review of Irish Life’s standard early retirement factors and commutation rates.• Worked with ILIM on a large asset liability modelling exercise.Peer review• Peer review of statutory actuarial work and member options prepared by junior trainees in advance of review by the scheme actuary. Show less

Trainee Actuary (contract)

• Feb 2015 - May 2015

Worked with Aviva Health in preparation for the Lifetime Community Rating rates change which was implemented on 1 May 2015. Worked with Aviva Health in preparation for the Lifetime Community Rating rates change which was implemented on 1 May 2015.

Trainee Actuary

• Aug 2011 - May 2014

Role and responsibility • Preparation of accounting numbers, solvency calculations and long term funding valuations. • Answered general queries by means of telephone communication, email and letter on a daily basis. • Worked closely with client directors and managers in preparation of annual budgets and project budgets. • Preparation of monthly invoices and monitoring of budgets. Key achievements and project work • I worked as part of a large voluntary redundancy project for two large Irish banks, including preparation of numbers and statements on request. I worked as part of the Just Ask Mercer helpline for these projects, including guiding members step by step through their calculations and their options. • Preparation of scheme specific written communication for the pension levy in accordance with The Finance (No. 2) Act 2011. • I sat on the Mercer Knowledge Management Board, which met monthly to discuss important actuarial updates including possible changes to rules and regulation and current affairs. Show less

Student Actuary

• Feb 2010 - Sep 2010

Summary I worked as part of the Product Development team for my eight months INTRA work placement. Role and Responsibility • Responsible for the product development mailbox; answering queries, assisting the issue of new policies and executing quotes with agreed specialised terms which involved editing the programming code for the quotes system. • Testing of new products during each stage of the development process and keeping a detailed account of errors found. • Setting up new products on the systems before implementation. Show less