Job Description
Reserving Actuary
London or Leeds
Permanent (Hybrid)
Our purpose is to enable a more resilient future.
We are an international insurer and reinsurer with a local presence in 27 countries.
The opportunity
We're looking for a Reserving Actuary to join our Actuarial Reserving team responsible for products across UK & Europe on a full time, permanent basis.
Your new role
Reporting to our Senior Reserving Manager, you'll provide actuarial advice to the relevant business units, developing relationships with key stakeholders and ensuring technical quality of work undertaken.
You'll deliver quarterly reserving advice, input into business planning, reserve variability and business partnering to undertake deep dives into relevant segments of the portfolio, supporting Actuarial Manager as required.
Other responsibilities:
- Perform the forecasting of technical provisions, reserve margins and reserve uncertainties to support business analysis/MI for reports and accounts, business planning, profitability studies and commutations.
- Support senior team members in working through complexity and explaining key assumptions to stakeholders
- Develop and coach student actuaries
- Have ability to supervise a small team, allocating responsibilities and managing priorities - providing performance feedback to team and professional guidance to junior team members
- Identify areas for continuous improvement, drives toward efficiencies in process, challenges the status quo
- Manage and monitor Actuarial process, where applicable, to ensure their continued delivery and improvement to meet
- Ensure appropriate checks are performed within processes to minimise inaccuracies, both on their own work and the review of others
- Use and assist with the development of appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced. This is to include adopting efficient and consistent actuarial models and process and / or technologies where appropriate
- Plan and execute existing projects with multiple components with minimal direction
- Manages own workflow and works largely independently, escalating for support when needed
- Build relationships with internal and external stakeholders to improve customer focus
- Understand developments in wider Actuarial community to stay abreast of current development
- Keep bigger picture in mind, with ability to think through longer term implications and contribute to team strategic planning
- Understands impact of regulatory environment on technical work
About you
You'll have an experience of working within the actuarial function in a multinational financial services business, ideally within GI. You'll understand industry best practice in actuarial analysis, modelling and underwriting, and risk and compliance issues.
Skills you'll need:
- Experience in discussions with wider business and stakeholder management skills
- Experience in the use and interpretation of numerical data
- Experience in Excel and other analytical tools. Ability to develop sophisticated models to address business needs
- Ability to question established processes and suggest improvements
- Experience working in an agile manner, responsive to stakeholder requirements
- Influencing and collaboration skills
- Organisational skills