The jobholder will be an ambitious actuary who wants to work as part of a Reserving team, providing a wide range of actuarial reserving services for non-Lloyd’s entities. A key part of the role will be working on quarterly reserving, assisting on a wide variety of Reserving Projects.
Responsibilities
Some of the key areas of responsibility are as follows:
Lead the analysis of the technical reserves on a quarterly basis for multiple lines of business
Lead reserving projects, such as automation of current processes and modelling of specific lines of business
Lead reporting for SCOR UK and SCOR Europe boards and other governance bodies as required
Lead improvements of certain models, visualisation tools and dashboards
Annual review of the UK portfolio and contribute to the actuarial report for the various UK and European legal entities
Carry out regular or ad hoc studies for specific segments
Work closely with claims team, finance team, underwriters and underwriting management and other members of the actuarial team to develop, review and maintain appropriate tools and methodologies
Communicate with external Actuaries, Auditors and external regulators when required. Be able to respond to auditor queries and undertake audit defence to UK audit standards
Help enhance management information and reporting for the PRA and ACPR
Communicate key movement/trends/events to the business on a quarterly basis
Mentor, grow and develop junior members of the team
Qualifications
Post qualified i.e. Fellow of the Institute and Faculty of Actuaries FIA (or equivalent being FCAS, FIAA) with at least 7 years’ experience within a Lloyd’s/London Market reserving role
Established, strong knowledge of GAAP, Solvency II and Solvency UK.
IFRS17 knowledge
Knowledge of regulatory requirements and an understanding of how they impact on the business
Strong knowledge and delivery professional standard requirements
Strong understanding of P&C (re)insurance and reserving practices and products
Significant experience in understanding, explaining and analysing financial impacts and drivers of change
Experience managing projects and effectively representing your department
Demonstrated ability to identify and implement departmental processes and controls and ensure that these are appropriately documents
Proficient in actuarial software, database and reporting tools including ResQ
Demonstrated ability to understand complex actuarial models
Advanced proficiency in Microsoft Office Suite (Excel, Word, Powerpoint)
Desired ability to code in VBA, SQL, Python and use Gen AI
