Reserving Analyst

Innovation Group; City of Westminster; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading insurance provider is seeking a Reserving Analyst to enhance their reserving process through innovative data techniques. The role involves producing reserving studies and designing tools while supporting business decisions. Ideal candidates should have a relevant degree and aspire to pursue an actuarial qualification, showcasing strong IT skills, particularly in Excel and programming languages like SQL and Python.

Benefits

Highly competitive remuneration

Acknowledgment and rewards for effort

Qualifications

• Eager to grow in an established reserving team.
• Excellent IT skills, particularly in MS Excel and VBA.
• Ability to prioritise workloads and collaborate effectively.

Responsibilities

• Play an integral part in the success of the reserving team.
• Design and maintain reserving tools and process data.
• Produce the quarterly reserving study for Ki.

Skills

Creative thinking

Desire to pursue actuarial qualification

Excellent IT skills

Advanced MS Excel

Knowledge of VBA, SQL, Python or R

Education

Relevant numerate degree

Job description

Overview

What you will be doing: As a Reserving Analyst, you will play an integral part in the success of our reserving team. In conjunction with the Reserving Managers, you will work closely with the relevant Underwriting teams and support other group functions in respect of actuarial reserving. This will include the design and maintenance of reserving tools, the processing of reserving data, the validation and interpretation of results and production of reports as well as business planning. Within this role you will undertake the production of the quarterly reserving study for Ki, calculating the best estimate reserves and currency allocations. You will assist in the evolution of the future state of reserving through development of new processes to ensure accuracy in outputs and communications and to create a \"best-in-class\" reserving process. You will undertake an appropriate level of analysis to support business decisions and provide additional insight to the business to understand key drivers and uncertainties behind claims emergence. This is a unique opportunity to join a new team and contribute to the reserve transformation process at its inception. We are looking for a creative thinker who is eager to use innovative techniques and data science to enhance Ki\'s commercial insight and approach to reserving. We are seeking candidates from graduate to part-qualified level, eager to become a qualified actuary.

What you will bring to the role

• We are looking for a creative thinker who is eager to grow in an established reserving team
• You will have a desire to pursue an actuarial qualification
• You will have obtained a relevant, numerate degree with a good overall grade
• You will have excellent IT skills, in particular an advanced level of MS Excel and VBA, experience with SQL, Python or R, with a desire to continue developing
• You have a desire to bring creative and innovative solutions
• You can prioritise workloads and collaborate effectively within your team and the wider business

Who are we

Ki insures with a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds. Ki is the biggest global algorithmic insurance carrier and the fastest growing syndicate in the Lloyd\'s of London market. Ki has big ambitions to challenge the status quo and reach new horizons. We work in an agile, cross-functional way to build the best experience for our customers.

What to expect during the recruitment process

1. Initial recruiter screening call
2. Interview with hiring manager
3. Technical Interview (this may vary depending on the role)
4. Values Interview

Ki Values

• Know Your Customer: Put yourself in their shoes. Understand and balance the different needs of our customers, acting with integrity and empathy to create something excellent
• Grow Together: Empower each other to succeed. Recognise the work of our teams, while celebrating individual success. Embrace diverse perspectives so we can develop and grow together
• Be Courageous: Think big, push boundaries. Don\'t be afraid to fail because that\'s how we learn. Test, adapt, improve - always strive to be better

Our culture

At Ki, we are committed to creating an inclusive environment where every colleague is valued and respected for who they are and can do the best work of their careers. Inclusion is a critical foundation of our business and people strategies and supports our vision of becoming a market-leading, digital and data-led specialty insurance business. An inclusive workplace fuels innovation because creativity thrives when everyone feels valued, respected, and supported to drive it. So, no matter who you are, where you\'re from, how you think, or who you love, we believe you should be you.

What we offer

You\'ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.