The purpose of the role is reserving of legacy portfolios and supporting pricing and due diligence of prospective legacy transactions.
Overview
Key duties (including, but not limited to):
- Ownership of the reserving of individual portfolios, including setting up and reviewing reserving models and dashboards for monitoring experience
- Written and verbal communication of reserving results, including at Group Reserving Committee
- Continuous improvement of the reserving process for individual portfolios and entities
- Support of the pricing and actuarial due diligence of new deals, including assessing the quality of data, setting up models, assessing ranges of reserve ultimate’s and assessing opportunities and risks
- Written and verbal communication of results of pricing analysis, including to the internal committee for Transaction approval, which includes Group Executives, shareholders and independent Board members
- Supporting the transition of successful transactions into the regular reserving cycle
Qualifications required:
- Qualified or part-qualified actuary in the non-life insurance market with strong non-life reserving experience
- Strong academic background and progress with actuarial exams (if not already qualified)
Experience required:
- Broad class of business knowledge
- Highly quantitative background (see Education requirements) and strong IT skills, with a demonstrated experience of working with large volumes of data