Actuarial Manager (Reserving & Capital)

Arthur Recruitment; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Job summary

Arthur Recruitment seeks an Actuarial Manager to lead Solvency II deliverables and collaborate with Risk/Finance. The role focuses on producing actuarial outputs for Pillar I and Pillar II processes, with one day per week in the London office and flexible working arrangements.

The ideal candidate is an experienced actuary with Solvency II and ORSA knowledge, and a background in non-life insurance, preferably personal lines. Leadership and governance experience are valued.

Qualifications

• Qualified actuary or progressing FIA/IFoA membership.
• Experience with Solvency II and ORSA processes.
• Background in non-life insurance, preferably personal lines.

Responsibilities

• Compute best estimate liabilities, risk margin and SCR under Pillar I.
• Assist with ORSA, capital assessment, stress testing and Pillar II reviews.
• Maintain governance framework with results review and policy documentation.
• Transform operating model by improving processes and advancing automation.

Skills

Solvency II experience

ORSA process

Non-life insurance

Leadership

Education

Actuarial qualification (FIA/IFoA)

Job description

I am working with a growing personal lines firm who are seeking an Actuarial manager to join the team. The main focus would be managing the production of actuarial deliverables into the company's Solvency 2 processes and collaborate with other functions i.e Risk/Finance.

This role would require one day per week in the London office (with flexibility)

Responsibilities:

• Calculating the best estimate of liabilities, the risk margin, the underwriting risk SCR (Pillar I)
• Assist with the ORSA process and the capital assessment, the stress testing and the assessment of the standard formula (Pillar II)
• Maintain the company’s governance framework, including result review, process or policy documentation
• Transform the team operating model, by improving process efficiency and enhancing automation

Requirements:

• Ideally qualified actuary
• Experience with Solvency 2 and ORSA process
• Background within non life insurance, preferably personal lines/P&C