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Reserving Manager - Global (Re)insurer - London - Up to 110K

Employer
Gravitas
Location
England, City of London, London
Salary
£100000 - £110000 per annum + + benefits
Closing date
27 May 2023
Reference
BBBH124351

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Sector
General insurance
Contract Type
Permanent
Hours
Full Time
Experience/Function
Qualified (executive), Qualified

Job Details

We are seeking a highly motivated Actuary to join a leading global (re)insurer as a Reserving Manager. The company is a fast-growing division of a global group and provides extensive product and distribution capabilities with a strong balance sheet.

As a key member of the Actuarial team, the successful candidate will lead multiple deliverables, interactions, and propose initiatives for future enhancements to drive the business forward. The role provides an opportunity to make a tangible impact on the day-to-day and future direction of the actuarial department, and personally play a critical role in influencing, establishing and growing the company's actuarial capabilities.

Responsibilities:

  • Quarterly reviews of reserves in respect of business written across international platforms.
  • Setting of key actuarial assumptions and methods for both GAAP and SII purposes.
  • Undertake regular portfolio analysis of classes.
  • Collaborate with Pricing Actuary's and Underwriter's for sharing information, influencing and to support reserving/capital assumptions used.
  • Quantitative inputs to the ORSA process and ad-hoc stress and scenario analysis.
  • Support the Chief Reserving Actuary and CRO in producing the actuarial function report and ORSA.
  • Develop and comply appropriate controls over model inputs, parameters, judgments, and outputs.

Requirements:

  • Qualified Actuary (FIA) or similar.
  • In-depth knowledge and experience of GI reserving and (ideally) capital modeling approaches.
  • Strong IT skills
  • Strong reserve and reserve risk modelling.
  • Standard formula modelling.
  • Excellent organizational skills and a strong attention to detail.
  • Ability to simply communicate modelling process and results with internal and external stakeholders, both verbally and through reports or presentations.
  • A flexible and enthusiastic approach to work with a strong appetite to network, learn and develop.

The successful applicant will be heavily involved in the wider actuarial team's journey and evolution to deliver quality tools and insights. This role will be highly visible and integrated as part of the wider actuarial team, with the opportunity to collaborate, learn, and contribute across functions and businesses.

If you are a dynamic and ambitious individual who is looking for an opportunity to develop and grow, then this role is for you. Apply now and be part of a supportive and encouraging environment that empowers you to take ownership and make a tangible impact on the business.

To find out more please don't hesitate to reach out.

Alec | 07832 937637 | a.drew-prior@gravitasgroup.com

Company

Gravitas Recruitment Group is a leading international recruitment consultancy, committed to delivering an unrivalled service in placing Actuarial and Tech professionals to our broad client base. We are the #1 Actuarial recruitment company in Asia and one of the fastest growing actuarial teams in the UK.

In an industry with exacting skill parameters, we source quality personnel for niche roles. We regularly host networking events which allow us not only to build unique relationships, but to ensure we are up to date with latest  developments and changes in industry. Our experienced consultants embody our core values of Respect, Integrity, Passion and Excellence. It is these values that enable us to provide an unrivalled service to the market.

Find Us
Website
Telephone
020 3640 9800
Location
3rd Floor
6 Bevis Marks
London
England
EC3A 7BA
United Kingdom

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