Reserving Actuary

The jobholder will be an ambitious actuary who wants towork as part of a Reserving team providing a wide range of actuarial reserving services for non-Lloyds entities.A key part of the role will be working on quarterly reserving assisting on a wide variety of Reserving Projects.

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

• Post qualified i.e. Fellow of the Institute and Faculty of Actuaries FIA (or equivalent being FCAS FIAA)with at least 7 yearsexperience within a Lloyds/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