Reserving Actuarial Analyst

Reference:
VOLVIUKACT1801
Sector(s):
Actuarial, Risk Management
Salary:
£40,000 to £50,000 Per Annum
Benefits:
Pension, Life insurance, Bonus, 25 days holidays...
Contract Type:
Permanent
Level:
Junior, Mid-Senior

Role Purpose

Assist in General Insurance reserving process for all London Market and International lines of business. Join a small team in an international actuarial department where you will be given the opportunity to grow as an actuarial professional and a future manager.

 

Key Responsibilities

  • The main responsibilities of this role will be as follows (not exhaustive):
  • Assist with quarterly Reserving and Solvency II Technical Provisions data preparation/analysis for all International entities
  • Assist with quarterly & ad-hoc reserve reviews (including deep dive or detailed analysis) and Solvency II Technical Provisions calculation processes for all International entities
  • Assist with full actuarial reserve reviews of International lines/portfolios within the Non-Life active and runoff segments 
  • Assist with various quarterly reports, memos and presentations by preparing exhibits and updating relevant sections 
  • Make good progress towards actuarial exams 
  • Help in the development of an actuarial graduate with the supervision of the Head of Reserving
  • In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require

 

Candidate Requirements  

  • At least 2/3 years of GI Actuarial experience
  • Proven ability of reserving experience for Non-Life business.  
  • Excellent communication skills in order to work closely with various departments including Finance, Claims, Underwriting/Pricing, Capital Modeling, IT.
  • Demonstrate a good level of progressing with Actuarial exams
  • Good knowledge of MS-Excel, Access and VBA programming skills is helpful
  • Knowledge of ResQ reserving software helpful. 
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