Reserving Actuary
London, United Kingdom (On-site)
JOB INFO
- Job Identification
- 10414
- Posting Date
- 05/25/2024, 07:15 AM
- Locations
- Floor 36, London, London, EC2N 4BQ, GB
- (On-site)
- Apply Before
- 07/31/2024, 07:15 AM
- Job Schedule
- Full time
JOB DESCRIPTION
Key Accountabilities
• Assessment of gross and net reserves by class of business and take responsibility for reserving classes grouped into particular divisions.
• Performance of reserving analysis and assist in managing SAO relationships.
• Assessment of Technical Provisions under Solvency II or other local regulation.
• Support preparation of documentation and returns for local regulatory bodies
• 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
• Assessment of the reserve risk parameters for reserve risk for the internal capital model
• Ad-hoc analysis of certain areas of the portfolio and provide support to the Group function.
RESPONSIBILITIES
Skills/Competencies
• Excellent interpersonal/communication skills and committed individual/team work ethic
• Advanced Excel and SQL skills
• Good team player and ability to motivate others
• Ownership of delivery quality and take accountability for own work
• Project management experience of dealing with multi-disciplinary teams
• Good technical skills and ability to make objective decisions with clear rationale.
QUALIFICATIONS
Role Requirements & Qualifications:
• Recently qualified as an actuary or nearly qualified
Role Requirements: Technical Skills & Experience
• Approximately 3-5 years General Insurance experience, with preferably 3 years specifically in reserving and/or Technical Provision reporting. Lloyd’s reserving experience is desirable and would be an advantage.
• SQL experience would be a strong advantage and knowledge of reserving software is essential.
• Knowledge of data warehouse systems where premium, claims and ultimate’s are allocated down to policy level is desirable but not necessary.
REQUIRED SKILLS
Actuarial Analytics
Corporate Reserving
Data Analysis and Reporting
Financial Acumen
Insurance Industry Knowledge
Knowledge of Programming Languages
Predictive Analytics
Pricing Modeling
Statistical Analysis
Statistical Modelling Software
EQUAL OPPORTUNITY EMPLOYER
United States: Westfield celebrates diversity and is committed to inclusion. All qualified applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.
United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.