Reserving Actuary – 28691

The Emerald Group; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A financial services firm in London is seeking a qualified actuary to support the Head of Reserving in coordinating the end-to-end reserving process. The ideal candidate will have prior knowledge of reserving techniques, strong communication skills, and proficiency in MS Excel, with SQL experience being advantageous. This permanent role involves managing quarterly reserving activities and enhancing reserving models.

Qualifications

• Prior knowledge of reserving techniques, preferably with Lloyd’s Market experience.
• Ability to explain complex issues to non-actuarial and/or junior team members.
• Interest/background in technology is advantageous.

Responsibilities

• Support the Head of Reserving in establishing and embedding an actuarial reserving process.
• Manage the end-to-end quarterly reserving process.
• Maintain reserving models and enhance ongoing processes.

Skills

Actuarial reserving techniques

Strong communication skills

MS Excel

SQL experience

Education

Qualified actuary

Job description

The role holder will be responsible for supporting the Head of Reserving in coordinating and owning the end-to-end reserving process to ensure that the levels of reserves remain appropriate for the business

• Location: London
• Category: Reserving
• Type: Permanent

Key Duties (Including but not limited to):

• Help the Head of Reserving with establishing and embedding an actuarial reserving process
• Work through the end-to-end quarterly reserving process, including data ingestion, model parametrisation across all classes, reviewing key diagnostics (such as the Actual Versus Expected results, key ratios, Analysis of Change) and calculating and proposing appropriate reserve levels on a best estimate basis and summarising outputs
• Be responsible for maintaining reserving models and ongoing process enhancements
• Qualified actuary with prior knowledge of reserving techniques, preferably with Lloyd’s Market experience
• Excellent computer skills including MS Excel and an interest / background in technology (SQL experience would be advantageous)
• Strong communication skills with ability to explain complex issues to non-actuarial and/or junior team members