Senior Actuary

General Description

Overview

You can get further details about the nature of this opening, and what is expected from applicants, by reading the below.

POSITION: Senior Reserving Actuary & Reserving Actuary (2 roles available)

LOCATION: London/ Hybrid

Main purpose

Main Purpose of the Senior Reserving Actuary/ Reserving Actuary

Responsible for completing a range of actuarial work within the Reserving function, with a keen focus in particular leading on the first lining reserving responsibilities. Also you will be providing support to the reserving function and technical provision reporting and to provide support on ad-hoc projects to senior members of the actuarial function.

Responsibilities

Accountabilities of the Senior Reserving Actuary/ Reserving Actuary

• Assessment of gross and net reserves by class of business and take responsibility for reserving classes grouped into particular divisions
• Assessment of Technical Provisions under Solvency II or other local regulation
• 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
• Close collaboration with the capital modelling team to assist with internal model calibration
• Ad-hoc analysis of certain areas of the portfolio and provide support to the creating of tailored solutions

Qualifications

Requirements of the xwzovoh Senior Reserving Actuary/ Reserving Actuary

• 2-5 years’ experience working in General Insurance
• Fully qualified actuary or Newly/ nearly qualified
• Knowledge of actuarial techniques for reserving
• Familiarity with practices in London Market and UK Reinsurance and Commercial Lines Insurance
• An understanding of actuarial techniques used in reserving property and casualty insurance and treaty reinsurance