Reserving Actuary - London, United Kingdom - Westfield Insurance

Westfield Insurance
Westfield Insurance
Verified Company
London, United Kingdom

3 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

The Reserving Actuary is responsible for providing support to the International Reserving function and technical provision reporting to provide support on ad-hoc projects to senior members of the International & Group actuarial function.


Key Accountabilities

  • Assessment of gross and net reserves by class of business and take responsibility for reserving classes grouped into particular divisions.
  • Performance of reserving analysis and assist in managing SAO relationships.
  • Assessment of Technical Provisions under Solvency II or other local regulation.
  • Support preparation of documentation and returns for local regulatory bodies
  • Preparation of reports for Quarterly Syndicate & Group functions and use of data warehouse.
  • Support of and liaising with pricing/underwriting/claims teams on a regular basis.
  • Preparation of reserving information to inform management and support underwriting teams
  • Assessment of the reserve risk parameters for reserve risk for the internal capital model
  • Adhoc analysis of certain areas of the portfolio and provide support to the Group function.



Role Requirements:
Skills/Competencies

  • Excellent interpersonal/communication skills and committed individual/team work ethic
  • Advanced Excel and SQL skills
  • Good team player and ability to motivate others
  • Ownership of delivery quality and take accountability for own work
  • Project management experience of dealing with multidisciplinary teams
  • Good technical skills and ability to make objective decisions with clear rationale.
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Role Requirements: Technical Skills & Experience

  • Experienced within General Insurance, specifically in reserving and/or Technical Provision reporting. Lloyd's reserving experience is desirable and would be an advantage.
  • SQL experience would be a strong advantage and knowledge of reserving software is essential.
  • Knowledge of data warehouse systems where premium, claims and ultimate's are allocated down to policy level is desirable but not necessary.
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