Reserving Actuary

Primary Details

Time Type: Full time

Worker Type: Employee

The purpose of this role is to undertake reserving for Lloyd's syndicates and business written on company paper. It involves providing expert actuarial advice to business units, ensuring technical excellence in business planning, and conducting deep dives into portfolio segments.

Additionally, the role involves developing relationships with key stakeholders, coaching student actuaries, and supporting the actuarial manager as needed. It also includes taking ownership of relationships with underwriters, claims, and finance representatives to meet the purpose of the role.

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.
• Identify areas for continuous improvement, drive toward efficiencies in process, and challenge the status quo.
• Manage and monitor actuarial processes, where applicable, to ensure continued delivery and improvement.
• Ensure appropriate checks are performed within processes to minimize 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.
• Plan and execute existing projects with multiple components with minimal direction.
• Manage own workflow and work largely independently, escalating for support when needed.
• Build relationships with internal and external stakeholders to improve customer focus.
• Understand developments in the wider actuarial community to stay abreast of current developments.
• Keep the bigger picture in mind, with the ability to think through longer-term implications and contribute to team strategic planning.
• Understand the impact of the regulatory environment on technical work.
• Develop and coach student actuaries.
• Work with student actuaries on projects, including allocating responsibilities and managing priorities, providing performance feedback to the team and professional guidance to junior team members.

Work Experience:

Necessary Work Experience includes:

• General Insurance reserving work experience.
• Stakeholder management experience.

Preferred Work Experience includes:

• Actuarial analyses and predictive modeling experience.
• Increasing levels of responsibility.
• Experience in wider actuarial disciplines.
• Team management experience.

Qualifications:

Necessary Qualifications include:

• Actuarial degree or degree in another mathematically focused area.

Preferred Qualifications include:

• FIA or equivalent.

Skills:

• Actuarial Science
• Analytical Thinking
• Critical Thinking
• Decision Making
• Financial Products
• Intentional Collaboration
• Managing Performance
• Price Modelling
• Problem Solving
• Process Improvements
• Risk Management
• Sound Judgment
• Stakeholder Management
• Statistical Analysis Software (SAS)
• Waterfall Model