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Solvency II Lead Actuary

Employer
QBE European Operations
Location
London (Central), London (Greater)
Salary
Competitive Salary
Closing date
22 Mar 2019

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QBE’s European Operations, which accounts for over 27% of QBE Group turnover, is a leading specialist in London market and European commercial lines business. Active in both the Lloyd’s and company market, QBE offers considerable diversity to the broking community. We are a socially responsible company and give our customers the ability to invest a portion of their premiums in environmentally and socially beneficial projects.

The Opportunity:

The Lead Actuary will assist in the provision of a range of Actuarial services to ensure appropriate business decisions are made using the best possible quantitative information and support. This role will support the delivery of results under both UK GAAP and Solvency II requirements.

Your responsibilities for this role may include, but are not limited to:

  • Perform the forecasting of technical provisions, reserve margins and reserve uncertainties to support business analysis/MI for reports and accounts, business planning, profitability studies and commutations.
  • Build and maintain relationships with internal and external stakeholders to improve customer focus
  • Clearly communicate results, key issues, sensitivities and uncertainties
  • To support UK GAAP requirements, supporting the Financial Line, European Property & Automotive Protection reserving team with;
  • Delivery of reserving results and post reserving processes
  • Delivery of regular actual vs. expected analysis
  • Reserving and UW variability parameterisation in conjunction with the capital team
  • Performing ad-hoc deep dive analysis on key portfolios of interest
  • Coaching and management of junior team members
  • To support Solvency II requirements by;
  • working with other teams to collate the required inputs for the Solvency II technical provision calculations
    Gaining an understanding of the model used to calculate Solvency II technical provisions
  • Supporting the implementation of a new Solvency II technical provision model
  • Analysing and understanding the output of the Solvency II technical provision model
  • Working with the regulatory and finance functions to ensure accurate completion of all regulatory returns

You will need to be able to display you have the following qualifications and experience:

  • Qualified actuary
  • Strong technical background in reserving under both UK GAAP and Solvency II
  • London market/general insurance background
  • Knowledge of Financial Line and UK / European Property business protection would be an advantage
  • Effective communication skills
  • Pro-active approach and keenness to take ownership
  • Willingness to collaborate and work in a team
  • Ability to effectively co-ordinate and work across a wide range of teams and departments
  • Strong time management of both own and wider team’s work

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