Reserving Actuary (15 month Fixed Term Contract)
Job Market - Actuarial - General Insurance
Reserving Actuary - About the role
Leading the actuarial aspects of IFRS17 implementation you will also assist in other change projects e.g. development of the reserving models and visualisation (to aid better reserving analysis and process efficiency), end to end financial process transformation and the implementation of the new policy admin system.
A qualified (or nearly qualified) actuary with Lloyds/London market experience to lead actuarial input into actuarial-specific projects. This role operates across all existing syndicates/divisions, which currently includes aviation, energy, marine, property, specialist, UK and international liability with nuclear, third-party syndicates and run-off business.
The successful candidate must have strong communication skills and an actuarial background. Experience of change projects is desirable (including designing, building models, completed, testing, associated documentation and handover) although not essential.
The Reserving Actuary will be located within the Actuarial reserving team in London and work collaboratively with other teams including Finance, IT and potentially consulting firms.
Reserving Actuary - Key duties
Working with the Projects Actuary, identifying project-based actuarial initiatives, especially but not restricted to regulatory, actuarial methods and process/technology-focussed areas. Assessing the benefits and costs and prioritising where necessary, as well as obtaining buy-in from senior stakeholders. Planning, documentation and implementation of projects, utilising appropriate resource, all to agreed timescales.
Managing the successful transition of project-initiatives to business-as-usual.
Setting controls and standards around project deliverables that meet regulatory, professional actuarial and company-wide standards of quality.
The jobholder will be a key actuarial representative on various cross-departmental forums and will be expected to demonstrate robust skills of negotiation to ensure the actuarial view is appropriately represented.
Production, development and enhancement of exhibits and reports to the Board and its Committees.
The jobholder will be proactive in identifying areas where actuarial involvement can add to the performance of a business area and to prioritise, design and lead the work.
Providing support to other members of the actuarial department on an ad hoc basis when required.
Where required support to the wider actuarial reserving team
Reserving Actuary - Key requirements
General insurance reserving experience
Strong IT skills, including comprehensive knowledge of Excel and VBA
Qualified Actuary or nearly qualified Actuary
• 2.1 or 1st degree in a Maths or Maths-related subject (e.g. Physics, Engineering, Statistics)
• 3 or more strong 'A’ levels, including Maths
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.