Reserving Actuary

Location
London (City of), London (Greater)
Salary
Negotiable
Posted
12 Oct 2017
Closes
12 Nov 2017
Contract Type
Permanent
Hours
Full Time

Our client is currently looking for a Deputy Reserving Actuary based in the City of London. Ideally you will have had experience with a Lloyds Managing Agency. Role Summary as below:

·         Perform the calculation of GAAP reserves for the managed syndicate(s) every quarter.

  • Perform the calculation of Solvency II Technical Provisions for the managed syndicate(s) every quarter.
  • Provide support to the Finance function to ensure the timely completion and submission of regulatory returns.
  • Make process improvements to improve efficiency within the reserving process.
  • Contribute to the regular update of the reserving policies and procedures and Actuarial Function Report.
  • Conduct regular and ad-hoc investigations to produce MI from the data available to provide insight to other functions within the business.
  • Attend monthly claims meetings to keep abreast with uncertainties affecting the reserves of the syndicate(s).
  • Assist in the parameterisation and validation of the Internal Model, including, but not limited to, the reserving risk component.

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