Financial Lines Reserving Actuary

Location
London (Greater)
Salary
Circa £80,000 + £10,000 bonus and £5,000 car allowance
Posted
16 Nov 2018
Closes
16 Dec 2018
Experience
Qualified
Contract Type
Permanent
Hours
Full Time

I'm recruiting a Financial Lines Reserving Actuary to support key reserving activities across Financial Lines and assist in capital modelling projects from a Corporate Actuarial perspective. More specifically, this involves:

Reserving:

  • Assist in the production of Legal Entity and US GAAP reserve estimates, both gross and net of Reinsurance
  • Assist the liaison with the claims team around impact of initiatives, and specific IBNR areas (eg CAT, financial crisis)
  • Assistance and ownership of production of key reserving results and analytics to take key stakeholders (internal and external to actuarial) through the results relating to Casualty.
  • Working with reinsurance to ensure ongoing understanding of outwards RI changes impacting their lines of business
  • Provide inputs into actuarial reporting

Planning:

  • Business Planning: Assist in the production of IFRS and US GAAP Loss Ratios
  • Capital Model Calibration and SII
  • Involvement in the capital model calibration process and support in other key SII activities relating to Casualty.

 

The Ideal Candidate Should Have:

  • Bachelors degree or equivalent
  • Nearly or newly qualified member of an Actuarial Institute
  • Proven proficiency in actuarial concepts and methodologies, including non-standard approaches
  • Proficiency in reserving software e.g. ResQ
  • Knowledge of SAS, SQL and VBA helpful

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