Reserving Actuary – 28691

The Emerald Group; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading company in the insurance sector is seeking a qualified actuary to support the Head of Reserving. This role involves coordinating the reserving process, maintaining models, and ensuring appropriate reserve levels. Ideal candidates will have Lloyd’s Market experience and strong communication skills to convey complex issues effectively.

Qualifications

• Prior knowledge of reserving techniques, preferably with Lloyd’s Market experience.

Responsibilities

• Coordinate and own the end-to-end reserving process.
• Establish and embed an actuarial reserving process.
• Maintain reserving models and enhance processes.

Skills

Communication

Technology

Education

Qualified Actuary

Tools

MS Excel

SQL

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