Assistant Reserving Actuary

  • 39137
  • Non-Life - Actuarial
  • |
  • England
  • |
  • Feb 18, 2021
Insurance
RESPONSIBILITIES
  • Perform the quarterly reserving and trust fund valuations for various lines of businesses
  • Maintain evidence of valuation assumptions
  • Perform the necessary reconciliation checks to provide assurance on the valuation outputs
  • Contribute to reporting the results of actuarial valuations and analyses to the relevant stakeholders and committees
  • Work with the reserving actuaries on the calculation and communication of reserve uncertainty/ranges
  • Perform the quarterly technical provisions valuations and validations, adhering to the required standards and ensuring technical provisions deliverables are met
  • Perform the quarterly technical provisions valuations and validations, adhering to the required standards
  • Contribute to the technical provisions section of the actuarial function report
  • Work with teams to produce and reconcile the data for the valuation processes
  • Contribute to the maintenance of reserving and technical provisions documentation with the required frequency, adhering to the review requirements and obtaining the appropriate sign-offs
  • Support the work of external actuaries as required
  • Assist in other projects undertaken by the actuarial team
  • Build and maintain constructive working arrangements with those groups identified as being key to your role
  • Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives
  • Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
  • Contribute to improving the valuation processes and methodologies
  • Undertake applicable professional, technical and career development training to include attainment of associated qualifications where required.
QUALIFICATIONS
  • University degree in Mathematics or related field
  • Progressing towards an actuarial qualification
  • General commercial and financial knowledge
  • Experience with ResQ reserving software preferable
  • Competent user of MS Excel; VBA, Access, SQL, SAS, WPS and R skills desirable
  • Strong analytical skills with attention to detail; accurate and numerate
  • Able to communicate effectively both verbally and in writing
  • Team worker as well as able to work on own initiative
  • Ability to manage time, work on a number of tasks in parallel, meet deadlines and prioritise
  • Reserving experience; Lloyd’s market knowledge desirable
  • Knowledge of technical provisions for Solvency II preferred
  • Command of basic actuarial techniques
  • Understanding of reinsurance