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- Tasks: Conduct quarterly reserving analyses and collaborate with various business partners.
- Company: Join Chubb, a leading global insurance provider with a strong team culture.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Why this job: Make a real impact in the insurance industry while developing your analytical skills.
- Qualifications: Team-oriented mindset; experience in non-life insurance is a plus but not required.
- Other info: Dynamic role with opportunities for growth and problem-solving.
The predicted salary is between 36000 - 60000 £ per year.
The Chubb Europe reserving team has responsibility for reserving across lines of business including Casualty, Property, Financial Lines, Accident & Health, Tech Risks, Marine, High Net Worth and Speciality Personal Lines. This role will involve undertaking quarterly reserving analyses with a focus on specific lines of business for which you will have primary responsibility. There will be a need for regular communication with all business partners in the reserving process, including Underwriting, Claims, Actuarial and Finance. Developing and managing relationships with these business partners is a key requirement for the role.
This role will also provide support to the Solvency II Technical Provisions process to meet internal and external reporting requirements and deadlines. The role requires a collaborative, team-based approach to working and the ability to manage conflicting demands in a timely manner, with work often being required for a number of different business partners at the same time. The role holder will be expected to take strong personal ownership for the responsibilities of the role and to demonstrate an ability to develop appropriate solutions to actuarial problems.
While reserving is the primary purpose of the role, there will be regular opportunities to work with actuarial colleagues in the Pricing, Planning and Capital Modelling teams.
Key responsibilities- Support the quarterly reviews of reserves on specified lines of business, generally for the purposes of US GAAP reporting. This process includes the calculation of an actuarial central estimate and the incorporation of management’s best estimate. The focus of the role will be to complete the initial reserve analyses for specified lines for which the role has primary responsibility.
- Prepare quarterly reserve analysis presentations for business/underwriting management.
- Support the communication of reserve review results, including presentation to Underwriting, Executive Management, Group Actuarial and Finance.
- Perform and present the results of ad-hoc portfolio analyses, as required.
- Proactively support the development and management of reserving databases, applications and systems.
- Support the Solvency II Technical Provisions quarterly calculation process, including analysis of change investigations.
- Possibility to support the annual reserve risk parameterisation process including analysing model.
- Support the bi-annual loss ratio planning processes, in particular to ensure that the outputs and insight from the reserving process are appropriately reflected in planning exercises and in turn that the outputs from the planning exercises are accurately captured and reflected in the reserving process.
- Support the reserving team’s management and statutory reporting requirements with the relevant authorities e.g. ACPR.
- Support external consultants’ and auditors’ independent analyses of reserve adequacy and reserving methods.
- Ensure reserve analyses and results communication are always carried out in line with the required control environment, for example Sarbanes Oxley regulation.
- Support the development of the existing relationship with the dedicated offshore team.
- Be recognised as a problem solver and a successful communicator to non-actuarial colleagues.
- High integrity and work ethic, and team oriented.
- A background in non-life insurance retail or commercial reserving is preferred but not essential.
Reserving Analyst in London employer: Chubb Ltd.
Contact Detail:
Chubb Ltd. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Analyst in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at Chubb. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your analytical skills and experience with reserving processes. Use specific examples from your past work to demonstrate how you can add value to their team.
✨Be Ready for the Interview
Prepare for common interview questions related to reserving and actuarial practices. Think about how you can discuss your problem-solving abilities and teamwork experiences, especially in high-pressure situations.
✨Apply Through Our Website
Don’t forget to apply directly through the Chubb website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the team.
We think you need these skills to ace Reserving Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Reserving Analyst role. Highlight any relevant actuarial experience, especially in reserving or related fields, to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about reserving and how your background makes you a great fit for our team. Don’t forget to mention your collaborative spirit!
Showcase Your Communication Skills: Since this role involves regular communication with various business partners, make sure to highlight your ability to convey complex information clearly. We love candidates who can bridge the gap between technical and non-technical teams!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Chubb Ltd.
✨Know Your Numbers
Brush up on your actuarial knowledge, especially around reserving techniques and methodologies. Be prepared to discuss specific lines of business mentioned in the job description, like Casualty or Property, and how you would approach quarterly analyses.
✨Showcase Your Communication Skills
Since this role involves regular communication with various business partners, practice articulating complex actuarial concepts in simple terms. Think of examples where you've successfully communicated findings to non-actuarial colleagues.
✨Demonstrate Team Spirit
This position requires a collaborative approach, so be ready to share experiences where you've worked effectively in a team. Highlight how you manage conflicting demands and contribute to a positive team dynamic.
✨Prepare for Problem Solving
Expect questions that assess your problem-solving abilities. Prepare to discuss past challenges you've faced in reserving or analysis, and how you developed solutions. This will show your ownership and proactive approach to actuarial problems.