Our client is currently seeking a part or nearly qualified actuary with experience in General Insurance reserving, specifically with exposure to commercial or specialty lines. This role will involve working closely with the Head of Reserving and being part of a well-established and training-focused team. The successful candidate will initially provide support to the Reserving Actuaries for 2 syndicates, with the opportunity for further progression to a Reserving Actuary role in the short-to-medium term.
The client will provide study support for the successful candidate to complete actuarial exams, making this a great opportunity for those looking to further their education. However, applications are also welcome from those who have chosen not to sit the exams.
The responsibilities for this role include various reserving duties, such as Lloyd’s, UK GAAP, Solvency II, US Trust Fund, and Accident Year reserving best estimate and booked calculations. The candidate will also assist in quarterly reserving documentation, presentation packs, and reports, as well as participate in reserving discussions with other areas of the business, including underwriting, reinsurance, finance, and claims. The successful candidate will also undertake portfolio analysis and pricing reviews.
In addition, the candidate will assist in regulatory reporting, including production of Lloyd’s quarterly and annual management returns, as well as the technical provisions component of the annual Actuarial Function Report. The candidate will maintain associated reserving frameworks and policies and liaise with external SAO actuaries and auditors.
The essential skills and requirements for this role include a good knowledge of actuarial reserving techniques and models on Lloyd’s, UK GAAP, and Solvency II bases, a minimum of 2-4 years of reserving experience, ideally within a London Market environment, and a minimum of a second class degree in a mathematical or science-based subject, along with good ‘A’ Levels (or equivalent), including at least one mathematical subject. The successful candidate should possess excellent IT skills, especially in MS Office and SQL, as well as strong analytical, technical, and presentational skills to communicate actuarial analysis results to a non-actuarial audience. Attention to detail, good written and verbal communication skills, problem-solving skills, project management skills, and excellent interpersonal skills are also essential.
Desirable skills and experience include knowledge of capital modelling, IFRS17, and/or pricing, as well as experience with Power BI, Psicle, and/or ResQ.
Our client values leadership, aspiration, nimbleness, collaboration, and straightforwardness in conducting business in an accountable, open, honest, and sustainable way. If you share these values and possess the required skills and experience, we encourage you to apply for this exciting opportunity.
To discuss this role please submit your CV or contact Ashley Beatens at Fairbank Partners on 07834 551 325. Fairbank Partners has access to a wide range of actuarial jobs and acts as an employment agency.