IFRS 17 Reserving Manager
IFRS 17 Reserving Manager

IFRS 17 Reserving Manager

London Full-Time 43200 - 72000 Β£ / year (est.) No home office possible
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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 Β£ 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.

IFRS 17 Reserving Manager employer: Edenbrook

Join a forward-thinking insurance company that prioritises innovation and employee development, offering a dynamic work culture where your expertise in IFRS 17 can truly shine. With a commitment to professional growth, you will have access to ongoing training and mentorship opportunities, ensuring you stay at the forefront of industry advancements. Located in a vibrant area, this role not only provides competitive compensation but also a supportive environment that values collaboration and excellence.
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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 about any changes that could impact the reserving process.

✨Tip Number 3

Consider reaching out to current employees at the company you're applying to. A friendly chat can provide you with valuable information about the company culture and expectations for the IFRS 17 Reserving Manager role.

✨Tip Number 4

Prepare to discuss specific examples of your experience with IFRS 17 implementation during interviews. Be ready to explain how you've developed and validated actuarial models, as well as how you've ensured compliance with regulatory requirements.

We think you need these skills to ace IFRS 17 Reserving Manager

IFRS 17 Knowledge
Actuarial Modelling
Risk Adjustment Calculation
Loss Component Analysis
Regulatory Compliance
Documentation Skills
Financial Reporting
Statistical Analysis
Mathematical Proficiency
Model Validation
Attention to Detail
Communication Skills
Project Management
Team Leadership
Problem-Solving Skills

Some tips for your application 🫑

Tailor Your CV: Make sure your CV highlights your experience with IFRS 17 implementation and actuarial models. Use specific examples that demonstrate your expertise in reserving methodologies and compliance.

Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for the IFRS 17 Reserving Manager role. Mention your relevant experience and how it aligns with the key duties outlined in the job description.

Showcase Technical Skills: Emphasise your technical skills in Actuarial Science, Mathematics, or Statistics. Provide examples of how you've applied these skills in previous roles, particularly in relation to reserve calculations and model validation.

Highlight Communication Abilities: Since the role involves preparing reports for internal stakeholders and external auditors, highlight your communication skills. Mention any experience you have in documenting methodologies and presenting complex information clearly.

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 readiness for the role.

✨Highlight Your Actuarial Skills

Since the role requires a strong background in Actuarial Science, be ready to talk about your experience with actuarial models and calculations. Share examples of how you've developed or validated models in the past, focusing on their compliance with regulatory requirements.

✨Prepare for Technical Questions

Expect technical questions related to reserve calculations and risk adjustments. Practise explaining complex concepts in simple terms, as this will show your ability to communicate effectively with both technical and non-technical stakeholders.

✨Demonstrate Your Reporting Skills

Since documentation and reporting are key aspects of the role, prepare to discuss your experience in producing comprehensive reports. Highlight any tools or software you’ve used for reporting and how you ensure accuracy and timeliness in your work.

IFRS 17 Reserving Manager
Edenbrook
E
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