Reserving Actuary in London

If you’re interested in applying your reserving knowledge within one of the largest insurers in the world, with a global footprint in 54 countries and excellent employee benefits then we would love to hear from you.

You will be a member of the Chubb EMEA reserving function which covers all business classes written across Chubb's EMEA insurance entities. The role specifically involves being a member of the Chubb Europe reserving team of nine London based colleagues. Chubb Europe is the Retail brand for Chubb's Commercial and Consumer lines of business in the region.

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.

• 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.

• Qualified actuary, or equivalent experience.
• Several years' reserving experience, with knowledge of a range of reserving methodology and lines of business.
• High integrity and work ethic, team oriented and able to support more junior members of the team.

Integrity. Client focus. Respect. Excellence. Teamwork. Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion. At Chubb, we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.