The Reserving function provides reserve analyses and results under GAAP & Solvency II. The team produce Technical Provisions and Reserve Risk assumptions used in the Capital model. The role is focused on Reserving and Technical Provisions, but will also include exposure to Capital modelling and Pricing. It is expected that the job holder will pursue an Actuarial qualification or appropriate CPD.
Specific responsibilities:
- Review, update and maintain assumptions within the GAAP reserving process.
- Produce monthly and quarterly gross and reinsurance estimates for GAAP reserving.
- Produce required analysis of Reserve Risk parameters for Capital Modelling.
- Produce required analysis of Solvency II Technical Provisions.
- Maintain and develop understanding of latest Solvency II regulations and ensure compliance.
- Develop data analysis processes, and constantly looking to enhance and improve those processes already in place.
- Undertaking research and development.
- Maintain strong relationships with Underwriting, Claims, Finance and Management information teams to ensure timely production of actuarial reviews.
- Assist liasion with the WRB Corporate Actuarial team.
- Interaction and the building of strong working relationships with key stakeholders and may require presentation within committees, meetings etc.
- Liaise with internal and external audit. Liaise with external actuaries performing an independent review for the Statement of Actuarial Opinion.
- Produce ad hoc analyses to support reserve reviews.