The function of the Reserving Actuary role is to assist the Head of Reserving, work closely with teams and support other Group functions in respect of the actuarial reserving, including the design and maintenance of central reserving tools, business planning and other actuarial related activity as required.
Overview
Key duties (including, but not limited to):
- To support timely facilitation of the quarterly reserving study using appropriate techniques/analysis to include calculation of best estimate reserves and currency allocations
- To provide input into the design and build of reserving improvements and mechanisms necessary to produce any required reserving outputs
- Support the timely provision of all materials for internal/external key stakeholders including Reserve and Audit Committees and producing formal Actuarial reports including Statement of Actuarial Opinions and Actuarial Function Reporting
- To drive through improved performance monitoring via communication of appropriate technical pricing updates, targeted performance presentations, and considering impact of quarterly reserving results
- To provide contribution to projects relating to pricing, reserving or insurance risk parameterisation and any strategic initiatives (as required)
Qualifications required:
- Qualified Actuary (FIA, FFA or equivalent)
- Obtained a relevant, numerate degree with a good overall grade
Experience required:
- Experience of managing a small team of analysts/students and prioritising others workloads
- Sound commercial general insurance Lloyd’s/company market experience
- Excellent IT skills, in particular an advanced level of MS Excel and VBA