Reserving Analyst

The Emerald Group Ltd, Search and Selection; Greater London; On-site; GBP 55,000 - 75,000; Full time

Job summary

The Emerald Group Ltd, Search and Selection is seeking a Reserving Actuarial Analyst to join our reserving function in London. You will deliver accurate reserve analyses and models, supporting robust reserving processes and acting as a trusted actuarial expert.

Responsibilities include producing results for Best Estimate and Syndicate reserving, presenting to the Reserving Committee, and assisting with annual reserve reports and benchmarking.

Qualifications

• Mathematics or actuarial background required.
• At least 2+ years in an actuarial reserving role.
• Strong mathematical and statistical knowledge.
• Willingness to expand knowledge of reserving and reporting topics.

Responsibilities

• Support Best Estimate and Syndicate reserving processes by producing, reconciling, and analysing results on gross and reinsurance bases.
• Run and review allocation of reserving outputs to meet internal and regulatory reporting requirements.
• Prepare and present reserving results for quarterly meetings and the Reserving Committee.
• Support team members in handling requests and queries from stakeholders across the business.
• Assist with the annual reserve report, benchmarking exercises and deep-dive reserving investigations.
• Contribute to other Reporting and Reserving tasks as needed.
• Maintain and enhance actuarial reserving models, including annual updates of reserving parameters and model development for new business classes.

Skills

Mathematics

Actuarial background

Reserving experience

Statistical knowledge

Job description

Our client’s ambition to become the leading Specialty Insurance provider, backed by an effective and adaptable strategy, strong products and industry leaders working in a supportive environment to achieve this. At the centre of their success is a empowering culture where people are encouraged to be present, bold and curious, allowing them to achieve their best outcomes.

The Reserving Actuarial Analyst will support the company’s reserving function by delivering accurate and timely reserve analyses and models, ensuring robust reserving processes, while acting as a trusted actuarial expert.

Responsibilities

• Support the Best Estimate and Syndicate reserving processes by producing, reconciling, and analysing results on both gross and reinsurance bases
• Run and review allocation of reserving outputs to meet various internal and regulatory reporting requirements, which at times can be time pressured
• Prepare and present reserving results and relevant information for quarterly reserving meetings and the Reserving Committee
• Support team members in dealing with requests and queries from stakeholders across the business
• Assist as required with wider reserving tasks such as the annual reserve report, benchmarking exercises and deep-dive reserving investigations
• Contribute to other Reporting and Reserving tasks as needed
• Maintain and enhance actuarial reserving models, including annual updates of reserving parameters (gross and reinsurance), model development for new business classes, and support implementation of new reserving techniques

Requirements

• Mathematics or Actuarial Background
• 2+ years of experience, within an actuarial reserving role
• Highly developed mathematical / statistical knowledge
• Willingness to further increase knowledge of Reserving and Reporting related matters and key market topics and develop technical and management skills