Reserving Actuary

Reserving Actuary

We are looking for a Reserving Actuary to join our team on a full time basis in our London City office. You will perform a broad range of actuarial work within the Reserving and Reporting function, in particular leading on the first lining reserving responsibilities MRSG and liaising with the actuarial community working across global teams.

Responsibilities

• Lead the development and implementation of reserving processes and systems for first line reserving of MRSG business written on a number of legal entities within the Group.
• Lead quarterly reserving processes for MRSG business by reconciling data sets, analysing and producing reserving results, including reviewing results produced by other members of the team.
• Support the quarterly Best Estimate and Syndicate reserving processes for Syndicate business written via Lloyd’s platform, including leading reserving meetings and preparing information for the Reserving Committee.
• Monitor claims experience using actual versus expected analysis, and document the results for review.
• Carry out deep dives on key reserving uncertainties and reserving classes. Communicate results to key stakeholders.
• Present results to a variety of stakeholders to provide insight and recommendations on reserving and performance related results. This will be include liaising with the actuarial community and working across global teams under GSI4.
• Work collaboratively and proactively engage relevant stakeholders, e.g. support reporting teams on key drivers of reserving movements, etc.
• Build knowledge of actuarial reserving through on-the-job learning and structured training, and assist in the same for analysts;
• Assist as required with wider reserving tasks such as the annual reserve report, benchmarking exercises and deep-dive reserving investigations; and
• Contribute to other Reporting and Reserving tasks as needed.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

Knowledge and Skills

• Mathematics or Actuarial Background
• Good working knowledge of Excel and databases
• Able to understand and explain key Actuarial processes

Education and Professional Qualifications

• University Degree in a quantitative field such as Mathematics, Actuarial Science or Statistics.
• Qualified actuary (FIA or equivalent) or qualified by experience.