The corporate actuarial team at Canopius are responsible for the parameterisation of the insurance (underwriting and reserving) risk component of the Group capital model, as well as supporting other actuarial teams with ad-hoc analysis where required. Examples include developing technical solutions to hot topics and market themes such as inflation, material large losses or key classes identified for material deep dive analysis outside of “Business As Usual” processes.
The reserving team at Canopius are responsible for recommending the appropriate level of reserves to be held at each quarter-end, as well as supporting finance with quarterly and annual reporting. They also provide feedback to the underwriting team on trends within the reserving data and support the wider business to understand reserve strength for monitoring purposes.
This role provides exposure to both the corporate and reserving teams, with focus varying throughout the yearly cycle.
- Assisting in the development, operation and documentation of the Reserving database and relevant models.
- Assisting in the assessment and analysis of quarterly reserve estimates.
- Supporting the preparation and development of management information using software such as Power BI.
- Providing Actuarial support to Finance as part of the quarterly financial close process.
- Ensuring information from the Claims team is captured and fed efficiently into Actuarial processes.
- Assisting in the production of output for regulatory reporting.
- Assisting in the production of reserve risk and underwriting risk parameters for the capital model.
- Other general assistance across the Actuarial function as required.
The role includes the opportunity for the individual to gain knowledge and experience across a wide variety of classes of business and the links to Capital Modelling and database/processes.
- Good knowledge of Microsoft Office products.
- Strong work ethic and attention to detail.
- Strong written and verbal communication skills.
- Strong problem solving skills, including the ability to apply existing knowledge to a new problem in order to suggest solutions.
- Some knowledge of SQL, Power BI, Python is desirable
Study support will be provided to a successful candidate to pursue the actuarial exams.