At a Glance
- Tasks: Lead the IFRS 17 reserving process and oversee model development.
- Company: Join a market-leading insurance company known for innovation and strong performance.
- Benefits: Enjoy competitive pay, potential remote work options, and corporate perks.
- Why this job: Be part of a dynamic team making a real impact in financial reporting.
- Qualifications: Significant IFRS 17 experience and a strong actuarial background are essential.
- Other info: This is a full-time, mid-senior level position in a thriving industry.
The predicted salary is between 43200 - 72000 £ per year.
We’re partnered with an innovative, market-leading insurance company who are hiring for an IFRS 17 Reserving Manager as the team expands off the back of continued strong market performance.
Key duties of the role include, but are not limited to:
- IFRS 17 Reserving Process: Lead the development, implementation, and maintenance of IFRS 17 compliant reserving methodologies, models, and processes.
- Model Development and Validation: Oversee the development, maintenance, and validation of actuarial models used for IFRS 17 reserving, ensuring they are fit for purpose and meet regulatory requirements.
- Reserve Calculation and Analysis: Perform regular reserve calculations, including the determination of Risk Adjustment, and Loss Component, ensuring compliance with IFRS 17.
- Documentation and Reporting: Prepare and review comprehensive documentation of reserving methodologies, assumptions, and results. Produce timely and accurate reserving reports for internal stakeholders, external auditors, and regulatory bodies.
The ideal candidate will have:
- IFRS 17 Implementation Experience: Significant experience with IFRS 17 implementation and reporting, ensuring compliance and accurate financial reporting.
- Actuarial and Technical Expertise: Strong background in Actuarial Science, Mathematics, or Statistics, with a focus on reserving, and deep knowledge of actuarial principles.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Accounting/Auditing and Finance
Industries: Insurance, Financial Services, and Claims Adjusting, Actuarial Services
IFRS 17 Reserving Manager employer: Edenbrook
Contact Detail:
Edenbrook Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IFRS 17 Reserving Manager
✨Tip Number 1
Network with professionals in the insurance and actuarial fields. Attend industry events or webinars where you can meet people who work in IFRS 17 reserving roles. This can help you gain insights into the role and potentially get referrals.
✨Tip Number 2
Stay updated on the latest developments in IFRS 17 regulations and standards. Follow relevant publications, blogs, or forums to ensure you are well-informed and can discuss current trends during interviews.
✨Tip Number 3
Prepare to demonstrate your technical expertise in actuarial models and methodologies. Be ready to discuss specific projects or experiences where you successfully implemented IFRS 17 compliant processes.
✨Tip Number 4
Research the company’s culture and values. Tailor your conversations during networking or interviews to show how your personal values align with theirs, which can make you a more attractive candidate.
We think you need these skills to ace IFRS 17 Reserving Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an IFRS 17 Reserving Manager. Familiarise yourself with IFRS 17 standards and how they apply to reserving methodologies.
Tailor Your CV: Highlight your relevant experience in IFRS 17 implementation and actuarial science. Use specific examples that demonstrate your expertise in model development, reserve calculations, and compliance with regulatory requirements.
Craft a Compelling Cover Letter: Write a cover letter that connects your skills and experiences directly to the job description. Emphasise your technical expertise and any significant achievements in previous roles related to IFRS 17.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in the finance and insurance sectors.
How to prepare for a job interview at Edenbrook
✨Showcase Your IFRS 17 Knowledge
Make sure to brush up on your understanding of IFRS 17 and its implications for reserving. Be prepared to discuss specific methodologies and models you've worked with, as this will demonstrate your expertise and relevance to the role.
✨Prepare for Technical Questions
Expect technical questions related to actuarial models and reserve calculations. Practise explaining complex concepts in simple terms, as this will show your ability to communicate effectively with both technical and non-technical stakeholders.
✨Highlight Your Experience
Be ready to share examples from your past roles that showcase your experience with IFRS 17 implementation and reporting. Use the STAR method (Situation, Task, Action, Result) to structure your responses and make them impactful.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's approach to IFRS 17 and their future plans. This not only shows your interest in the role but also helps you assess if the company aligns with your career goals.