Senior P&C Actuary

  • 35850
  • Non-Life - Actuarial
  • |
  • France
  • |
  • Sep 17, 2019
  • |
  • French
Insurance
RESPONSIBILITIES
  • Provide the Company with opinion on the Technical Reserves.
  • Regularly conduct in-depth reviews of P&C entities to review the local underwriting, the claims management processes and the reserving.
  • Perform Specific Technical Reserves review on a particular portion of the business whose complexity or materiality may require an opinion.
  • Support other Finance Group teams in handling matters dealing with reserves and profitability for P&C operations.
  • Identify strengths and weaknesses in the P&C reserving process in order to better engineer and forecast the profitability of P&C business.
  • Set-up and update the Reserving Standard, Solvency 2 Policy, guidelines and ensure their consistent application within the company.
  • Contribute to the definition of the Standards and Solvency 2 Policies for underwriting, claims management and reinsurance.
  • Lead the Product Approval Process which is applicable group-wide to portfolio review and new business launch.
  • Elaborate Group Risk Management’s opinion on risks and initiatives submitted to the Group Underwriting Committee approval.
  • Develop Risk Management community’s second line of defense for P&C’s business areas. This means giving direct support to local entities by taking on new actions at the pre-P&C operation stage and at the post-operation stage as regards 2nd level control.
  • Ensure Group Risk Management’s P&C Business expertise.
  • Define and supervise the P&C exposure collection in the Group Reporting tool for local entities’ P&C lines of business exposure.
  • Lead and develop the modelling of the Group P&C risk for all P&C business except Natural Catastrophe risk. Hence deduce the reinsurance cover to be purchased at Group level in line with Group Risk Appetite.
  • Suggest and discuss the Group Risk Appetite limits for the various P&C lines of business, to be set by the Group Audit Risk & Compliance Committee.
  • Prepare and update the P&C Risk Appetite to be validated quarterly by the Group Financial Committee.
  • Control local entities’ risk appetite complies with the Group Risk Appetite framework.
QUALIFICATIONS
  • At least 5 years of experience in P&C actuarial fields, with significant experience as P&C Actuary.
  • Solid background in all Insurance and Reinsurance business aspects
  • Technical P&C actuarial expertise in Reserving, Underwriting, Pricing and Modelling.
  • Experience in large property / casualty commercial lines, specialty risks and assumed reinsurance is a strong asset.
  • Ability to build, use and understand various actuarial models. Knowledge of the data analytics techniques is an asset.
  • Knowledge of insurance accounting, reinsurance and audit techniques.
  • Good understanding of Underwriting, Claims and Reserves assessment connections.
  • Ability to build good working relationships, good communicator, flexible.
  • Ability to present key results in a factual concise format, communicate and persuade members of entities’ Senior Management.
  • Ability to work and lead projects within a network organization.
  • Ability to coordinate several teams of senior underwriting and claims experts.
  • Ability to lead interviews with members of Senior Management.
  • Speak and write good English.
  • Open to different cultures and to travelling.
  • Autonomy, organization, flexibility and capacity to adapt to new situations such as to carry unplanned workloads and a keen ability to enhance/organize team working practices.