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.

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Reserving Actuary