An opportunity has arisen for a newly or nearly qualified Actuary to join the UK Actuarial Function of a leading international insurer.
Reporting to the Head of UK Regulatory Reserving, you will support the calculation and reporting of Solvency II Technical Provisions across the UK business. The role offers a good mix of technical reserving work, regulatory reporting and interaction with the wider actuarial team.
Key Responsibilities
- Calculate, validate and analyse Solvency II Technical Provisions across UK entities.
- Work on Standard Formula calculations, cashflow production and Internal Model Technical Provisions.
- Carry out data checks, reconciliations and controls to ensure the accuracy of actuarial results.
- Monitor reserving assumptions and methodologies, including back-testing and analysis of emerging trends.
- Contribute to the preparation of Actuarial Function Reports and other regulatory submissions.
- Produce management information and commentary on reserving movements and business performance.
- Support the review and oversight of quarterly GAAP reserving.
- Identify opportunities to improve reserving processes, including automation and more efficient ways of working.
- Get involved in wider actuarial projects covering business planning, capital and risk management.
- Keep up to date with relevant regulatory changes and developments in actuarial practice.
About You
- Newly or nearly qualified actuary.
- Good understanding of General Insurance reserving and Solvency II.
- Strong analytical skills and experience working with data.
- Able to communicate technical findings clearly to both actuarial and non-actuarial colleagues.
- Organised, with the ability to manage competing deadlines and maintain a high standard of work.
- A team player who enjoys working with colleagues across actuarial, finance and the wider business.
- Experience using actuarial software and data or reporting tools.
The Opportunity
This is a good opportunity for an actuary looking to build on their reserving experience and develop a broader understanding of regulatory reporting and the wider business. You will work closely with experienced actuaries, with scope to get involved in projects beyond your core responsibilities.
The role is based in a central London office and offers the chance to develop your technical skills within an established UK Actuarial Function.
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UK Regulatory Reserving Actuary in City of London employer: Bolton Associates
Bolton Associates is an exceptional employer that offers a dynamic work environment where your contributions directly impact global pricing strategies. With a strong focus on employee growth, you will have the opportunity to collaborate with senior stakeholders and influence key methodologies, all while being supported by a culture that values communication and proactive engagement. Located in a vibrant area, we provide a unique chance to shape the future of Short-Tail pricing in a role that is both meaningful and rewarding.
