Responsibilities:
- Contribute to the development of in-house reserving processes in collaboration with embedded IT developers within the actuarial team and the wider reserving functions
- Enhance downstream Syndicate and Group reporting, including Lloyd’s reporting, accident year view of syndicate reserves, PYD analysis, IBNR forecasting and liability durations
- Enhance reserving diagnostics in both Power BI and Excel, and the use of these to communicate reserves to other departments
- Prepare papers for and contribute to meetings with underwriters, consultants and Reserve Committee
- Data gathering and analysis for deep dive reviews of individual classes of business
- Monitor and analyse existing data sources to extract value to inform reserving assumptions
- Contribute to the feedback loop between reserving, pricing, business planning and capital modelling
- Use appropriate actuarial techniques and analysis to calculate best estimate reserves, and to identify and allow for trends
- Ad hoc reserving analyses using Arius reserving software
- Prepare regular reports on reserves, claims experience and other reserving metrics for both reserving team and wider use
Qualifications:
- Desire to pursue IFoA Fellowship preferred
Experience Required:
- Proactive candidate that is able to prioritise and manage own workload
- Critical thinking skills – problem diagnosis and problem solving. Ability to think ‘outside of the box’ to find a solution
- Excellent written and oral communication skills
- Ability to build and maintain positive relationships across functions