Senior Actuarial Consultant (General Insurance sector)

Work within our European actuarial consulting team to provide actuarial support to a range of captive and commercial insurers globally.

We are seeking a highly skilled, qualified actuary, with at least six years’ experience, to join our team. The ideal candidate will have previously held Solvency II Actuarial Function roles and be familiar with the reserving and regulatory requirements of European domiciled non-life (re)insurance companies. The ability to service both English and French speaking clients is highly valuable. The role provides the individual the opportunity to work from one of our European offices, or to work from home with regular visits to our office locations and frequent in person meetings with European team members.

Responsibilities and Duties:

• Project Management: Lead and manage Solvency II-related projects, ensuring timely delivery and high-quality outcomes. Work independently, or with our highly skilled account managers and analysts / actuarial team colleagues to manage our clients operating under Solvency II legislation (or equivalent). Work to include production of technical provisions, calculation of Solvency Capital Requirements, opining on underwriting and reinsurance arrangements, contribution to the effective implementation of the risk management system and completing relevant disclosures.
• Head of Actuarial Function: Hold the position of Head of Actuarial Function (or equivalent) for insurance companies domiciled in onshore European domiciles.
• Client Advisory: Build and maintain strong relationships with new and existing clients, providing expert advice on Solvency II compliance, including risk management, capital requirements, and regulatory reporting.
• Reserving Studies: Lead reserving projects for captives and small/medium sized commercial non-life insurance companies, communicating the findings to stakeholders verbally and in writing.
• Risk Assessment and Quantification & ORSA processes: Conduct comprehensive risk assessments and develop models to quantify risks in line with Solvency II standards. Assist clients in developing and implementing their Own Risk and Solvency Assessment (ORSA) processes, including the preparation of ORSA reports.
• Stakeholder Collaboration: Work closely with client teams, including finance, risk management, and compliance, to ensure a cohesive approach to Solvency II implementation.
• Training and Development: Share knowledge and experience with team members and clients on Solvency II-related topics. Play a lead role in SRS’s Solvency II development streams, ensuring continued compliance with any regulatory updates. Attend training and CPD events.
• Actuarial Consulting: Consult and advise on a range of actuarial offerings for captives and commercial insurance companies to include Risk Finance Optimisation and Multi-Line/Year modelling.
• Peer Reviews: Conduct peer-reviews over a range of actuarial offerings.

Qualifications and Skills:

• Education: Strong academic record including a numerical degree at a minimum of bachelor level (or equivalent). Full professional qualification (e.g., IFoA or similar). A member in good standing of an actuarial institute (e.g., IFoA or similar). Programming skills (e.g., R, Python, VBA).
• Required Experience: Experience of working within the non-life insurance industry for a consultancy firm or directly for a (re)insurance undertaking or brokerage. Ability to hold, and experience in holding, Actuarial Function (Solvency II) titles, including review of technical provisions, capital calculations, and regulatory reporting. Experience in signing independent reserve reviews for global commercial lines.
• Required Skills: Strong analytical, technical, and communication skills (both written and oral) with a keen attention to detail. Excellent presentation skills, with the ability to explain complex concepts to non-actuarial stakeholders. Fluent in English and French; knowledge of Italian and German is a plus. Ability to adapt quickly to new software and tools, manage multiple projects, and adhere to deadlines. Problem-solving with a proactive approach.
• Preferred Experience: Insurance pricing and model development experience. Knowledge of IFRS 17 and offshore regulatory reporting. Reinsurance modeling and pricing experience.
• Personal Attributes: Honest, trustworthy, precise, eager to contribute, enthusiastic, open to travel.

What We Offer: A challenging and rewarding role in a growing international company. Opportunities for professional development and career advancement. A supportive and collaborative environment.

About SRS: SRS Europe Limited (“SRS”), part of the world’s largest independent captive insurance management firm, provides financial reporting, regulatory compliance, and program management services throughout Europe, the US, and offshore domiciles. We offer competitive salary, bonus, and benefits, fostering growth and inclusion.