Senior Actuarial Manager - London, United Kingdom - Asta Capital Limited

Description

Job Description

Senior Actuarial Manager

Asta is the first-choice strategic partner for underwriting entrepreneurs or established insurers seeking access to the Lloyd's market. We provide bespoke solutions that enable clients to enter Lloyd's, combined with a flexible range of services that support them as they grow.

At the heart of our business is Asta Managing Agency, the leading third-party managing agent at Lloyd's.

Main purpose of job:

• To accurately deliver all allocated deliverables, across multiple syndicates, including robust and well documented capital models; efficient quarterly reserving exercises; and allocated project work.
• Build strong working relationships with allocated Syndicates
• Propose enhancements and changes to both technical actuarial approaches and department processes to the (Deputy) Chief Actuary. Once approved implement accurately and efficiently.
• Maintain an awareness of budgets and comparative time spent to ensure projects run to budget or are escalated early.
• Develop and mentor more junior members of the actuarial team

Key tasks:

• Deliver syndicate capital models which are built and parameterised appropriately.
• Specify and deliver an appropriate validation process on allocated syndicate capital models
• Review Solvency II Technical Provisions and Standard Formulas for allocated syndicates ready for submission (after (Deputy)CA sign-off).
• Provide technical oversight to Actuarial project work as required
• Interact with Syndicates and other Asta departments to deliver wider syndicate returns
• (e.g. Finance, UW Management)
• Develop an understanding of the risks and controls relevant to the actuarial function, operate within the prescribed procedures and guidelines and report / discuss issues with my line manager.

Key personal skills required

• High level of accuracy and attention to detail
• Self-motivated with a proactive approach to all issues affecting the department.
• Good organisational skills with the ability to adapt to changing priorities and manage multiple deadlines
• Ability to work collaboratively within a team and across the business
• Good written and verbal communication skills

Key technical skills, knowledge and professional qualifications required

• 5+ years of post qualification experience
• Qualified Actuary
• Experience in actuarial capital modelling and reserving
• Excellent IT skills