Reserving Actuary

The Reserving Actuary is responsible for providing support to the International Reserving function and technical provision reporting to provide support on ad-hoc projects to senior members of the International & Group actuarial function.

Key Accountabilities

•   Assessment of gross and net reserves by class of business and take responsibility for reserving classes grouped into particular divisions.
•   Performance of reserving analysis and assist in managing SAO relationships.
•   Assessment of Technical Provisions under Solvency II or other local regulation.
•   Support preparation of documentation and returns for local regulatory bodies
•   Preparation of reports for Quarterly Syndicate & Group functions and use of data warehouse.
• Support of and liaising with pricing/underwriting/claims teams on a regular basis.
•   Preparation of reserving information to inform management and support underwriting teams
•   Assessment of the reserve risk parameters for reserve risk for the internal capital model
•   Ad-hoc analysis of certain areas of the portfolio and provide support to the Group function.
 

Role Requirements: Skills/Competencies

•   Excellent interpersonal/communication skills and committed individual/team work ethic
•   Advanced Excel and SQL skills
•   Good team player and ability to motivate others
•   Ownership of delivery quality and take accountability for own work
•   Project management experience of dealing with multi-disciplinary teams
•   Good technical skills and ability to make objective decisions with clear rationale.
 

Role Requirements: Technical Skills & Experience
 

•  Experienced within General Insurance, specifically in reserving and/or Technical Provision reporting. Lloyd’s reserving experience is desirable and would be an advantage.
•   SQL experience would be a strong advantage and knowledge of reserving software is essential.
•   Knowledge of data warehouse systems where premium, claims and ultimate’s are allocated down to policy level is desirable but not necessary.