ACTUARIAL ANALYST, RESERVING | 30087

The Emerald Group; Greater London; On-site; GBP 45,000 - 65,000; Full time

Job summary

The Emerald Group is seeking an actuarial reserving professional to join our Lloyd's London team. The role focuses on Best Estimate and Syndicate reserving, analysis of results on gross and reinsurance bases, and presenting findings for quarterly meetings.

We expect 2+ years in a reserving role, strong mathematical and statistical knowledge, and a willingness to develop expertise in reserving methods and regulatory reporting. This is a permanent, on-site position in London.

Qualifications

• 2+ years of experience in an actuarial reserving role.
• Strong mathematical and statistical knowledge.
• Willingness to develop reserving and reporting knowledge.
• Experience supporting quarterly reserving meetings.

Responsibilities

• Support Best Estimate and Syndicate reserving processes by producing, reconciling, and analysing results on gross and reinsurance bases
• Prepare and present reserving results and information for quarterly reserving meetings and the Reserving Sub Committee
• Run and review allocation of reserving outputs to meet various internal and regulatory reporting requirements
• Support team members in dealing with requests and queries from stakeholders across the business
• Monitor the Syndicate’s claims experience through actual versus expected analyses and document findings for review
• Maintain and enhance actuarial reserving models, including annual updates of reserving parameters and model development for new business classes
• Assist with wider reserving tasks such as the annual reserve report, benchmarking exercises and deep-dive investigations

Skills

Mathematics

Statistical Analysis

Actuarial Reserving

Stakeholder Support

Education

Actuarial qualification

Tools

Excel

Job description

The ambition is to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptablestrategy, superior products and industry leaders working in a supportive environment to achieve this.At the heart of their success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

• Location: London
• Category: Non-life Actuarial
• Type: Permanent

Key responsibilities including but not limited to:

• Support the Best Estimate and Syndicate reserving processes by producing, reconciling, and analysing results on both gross and reinsurance bases
• Prepare and present reserving results and relevant information for quarterly reserving meetings and the Reserving Sub Committee
• Run and review allocation of reserving outputs to meet various internal and regulatory reporting requirements, which at times can be time pressured
• Support team members in dealing with requests and queries from stakeholders across the business
• Monitor the Syndicate’s claims experience through actual versus expected analyses and document findings for review
• Maintain and enhance actuarial reserving models, including annual updates of reserving parameters (gross and reinsurance), model development for new business classes, and support implementation of new reserving techniques
• Assist as required with wider reserving tasks such as the annual reserve report, benchmarking exercises and deep-dive reserving investigations
• 2+ years of experience, ideally within an actuarial reserving role
• Highly developed mathematical / statistical knowledge
• Willingness to further increase knowledge of Reserving and Reporting related matters and key market topics and develop technical and management skills
• If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, they encourage you to apply anyway. You might just be the candidate they are looking for!