Head of Reserving

  • 35756
  • Non-Life - Actuarial
  • |
  • Bermuda
  • |
  • Sep 4, 2019
Re/Insurance
RESPONSIBILITIES
  • Undertake and supervise periodic actuarial reserving reviews, potentially quarterly some annually, including AvE analysis and key sensitivities and limitations, including work in relation to Technical Provisions for legal entities appropriate for jurisdiction.
  • Provide oversight and guidance to regional actuaries responsible for portfolios in their jurisdiction. Ensure consistent implementation of reserving philosophy.
  • Produce and present summary conclusions and recommendations for the Executive and Board Committees to enable informed decision making.
  • Contribute reserve support for the production of various CISSA/ORSAs and associated regulatory reports.
  • Be involved in the wider Solvency II project; including embedding Solvency II processes within the underlying business units.
  • Produce and test reserve risk parameters.
  • Be actively involved with internal and external parties as part of the year end reserving and reporting process.
  • Produce MI, such as business forecasts, as required for key stakeholders and senior management and finance.
  • Carry out claims analyses to determine underlying trends claims activity.
  • Assist as required in potential acquisition due diligence projects.
  • Provide ad hoc actuarial analysis as required by Group CFO/Chief Actuary and support to the global actuarial team as required, covering capital and other key financial objectives.
QUALIFICATIONS
  • Qualified actuary.
  • Knowledge of Regulatory regimes and experience of dealing with Regulators.
  • Experience of having worked within European and/or US markets and exposure to a range of lines of businesses and jurisdictions.
  • High degree of computer literacy, including an advanced knowledge of Microsoft Excel and Access.
  • Knowledge of other actuarial software packages, such as Prophet, ResQ, @Risk and Igloo/ReMetrica would be an advantage.
  • Ability to work independently but also effectively as part of a dispersed team.
  • Can demonstrate evidence of showing initiative and bringing a pro-active approach to the workplace.
  • Excellent communication skills with ability to present concise and clear messages to senior executives.
  • Ability to seek and elicit information from a wide range of people across the company.
  • Flexible attitude, ability to perform under pressure.
  • Strong project skills including planning and prioritization.