Actuarial Reserving Analyst

TN United Kingdom; London; On-site; GBP 40,000 - 70,000; Full time

Job summary

Join a forward-thinking company as an Analyst in the Reserving function, where you will gain exposure to a variety of products and territories. This role offers the opportunity for career development within a well-established environment, focusing on efficient reserving processes and collaboration with finance and actuarial teams. You will play a key role in ensuring accurate estimates and effective governance, while contributing to regulatory compliance and technical reporting. If you have a passion for actuarial science and a desire to make a significant impact in the insurance industry, this is the perfect opportunity for you.

Qualifications

• Experience in an Actuarial discipline, preferably Reserving.
• Degree in a related field and approximately 2 years of Actuarial experience.

Responsibilities

• Support development of the reserving function and efficient processes.
• Conduct quarterly reserving for assigned product lines and ensure accuracy.
• Liaise with auditors and external consultants under management direction.

Skills

Actuarial discipline experience

Commercial acumen

Cross-disciplinary collaboration

Technical actuarial skills

Regulatory reporting knowledge

Effective communication

Insurance and reinsurance knowledge

Proficiency with reserving software

Education

Degree in a related field

Student Actuary with a recognized professional body

Tools

Reserving software

IT systems

Job description

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Role Overview

The individual is an Analyst within the Reserving function at CNA Hardy, a role that offers exposure to a range of products and territories, with potential for career development. The role covers three risk-bearing entities: CNA Europe (UK regulated), CNA Insurance Company Europe Limited (Luxembourg regulated), and Hardy Syndicate 382. It benefits from being part of a well-established function with continuously improved systems and processes.

Key Responsibilities

An Analyst is responsible for supporting and contributing to:

1. Development of the reserving function for CNA Hardy, ensuring efficient processes in collaboration with colleagues and management.
2. Quarterly reserving for assigned product lines, ensuring accurate estimates and proper methodology.
3. Testing and validation processes to verify reserve adequacy and accuracy.
4. Effective reserving governance, timely reporting, and communication of reserve analyses to management.
5. Quarterly close duties, working with Finance and US-based Actuarial colleagues, including validation and reporting.
6. Production of quarterly and annual Solvency II Technical Provisions.
7. Contributing to the Technical Provisions section of the Actuarial Function report.
8. Monthly premium estimates as required.
9. Advising on Reserve Risk modeling with the Capital Modelling team.
10. Liaising with auditors, external consultants, and peer reviewers under management direction.

Skills, Knowledge & Experience

• Experience in an Actuarial discipline, preferably Reserving, with potential for senior roles.
• Strong commercial acumen and cross-disciplinary collaboration experience.
• Lloyd’s or London Market experience is advantageous.
• Technical actuarial skills with industry methodologies knowledge.
• Understanding of regulatory reporting; experience in regulatory compliance is a plus.
• Effective communication skills, capable of simplifying complex issues.
• Good knowledge of insurance and reinsurance products.
• Proficiency with reserving software and IT systems, with adaptability to new software.

Education and Experience

• Student Actuary with a recognized professional body preferred.
• Degree in a related field.
• Approximately 2 years of Actuarial experience preferred.

Additional Information

Company Overview

CNA Hardy specializes in commercial insurance, part of CNA Financial Corp, with a history dating back to 1897, employing around 7,000 staff globally.

Why Choose CNA Hardy?

Our customer-centric approach, talented staff, innovative products, enduring relationships, and strong financial ratings set us apart. We prioritize professionalism, honesty, and customer satisfaction in all our dealings.