Reserving Analyst

Innovation Group; London; On-site; GBP 125,000 - 150,000; Full time

Job summary

An industry-leading insurance firm in London is seeking a Reserving Analyst to join their team. The role involves producing reserving studies, improving reserving processes, and utilizing innovative data science techniques. Ideal candidates will have a numerate degree, strong IT skills, and a passion for actuarial qualifications. This position offers competitive remuneration and an inclusive work culture.

Benefits

Highly competitive remuneration

Constantly reviewed benefits package

Qualifications

• Desire to pursue an actuarial qualification.
• Good overall grade in relevant degree.
• Ability to prioritize workloads effectively.

Responsibilities

• Production of quarterly reserving study.
• Design and maintenance of reserving tools.
• Validation and interpretation of reserving data.

Skills

Creative thinking

Excellent IT skills (Excel, VBA)

Experience with SQL, Python or R

Education

Numerate degree

Job description

Overview

Vacancy Name: Reserving Analyst

Employment Type: Permanent

Location: London

Role Details

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 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

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.

If this sounds like a role and a culture that appeals to you, apply now!