Jobs
>
London

    Reserving & Capital Actuary - London, United Kingdom - SAGA

    SAGA
    SAGA London, United Kingdom

    1 week ago

    Default job background
    Full time
    Description

    Job Introduction

    Reserving & Capital Actuary

    Salary £85,000 to £95,000 DOE

    Permanent

    FT – 35 hours per week

    Hybrid – Home and London Hub

    Our new Reserving & Capital Actuary within AICL (our in-house underwriter), will be responsible for assessing and reporting on the valuation of insurance liabilities under IFRS and Solvency II bases. The role also covers effectively managing the workload and development of analysts within the team.

    We are at a pivotal point in our business turnaround plan and by joining us now, you will play a key role in completing the turnaround, learning and embedding the cultural changes and the underwriting ethos critical to the ongoing success of our business.

    Your immediate priorities include continuing to build commerciality within the reserving team, whilst following prudent principles when assessing reserves, developing and enhancing the reserving process for efficiency and improved reporting (including building out a process for our home proposition) and ensuring compliance with regulatory and statutory reporting including new IFRS 17 accounting standard.

    Your typical day would involve working with the team, using your actuarial and data analysis skills and ability to understand and communicate results both within the team and to the wider business. Helping to make quality judgements, and set methodologies and assumptions used in reserving and capital modelling processes.

    You'll be analysing claims trends and costs linking our claims operation and pricing functions to share best insights, whilst liaising with finance on capital and reinsurance evaluation, reporting and efficiency. All with a wrapper of presenting results to senior management whilst satisfying regulatory requirements on Solvency II and IFRS reporting bases.

    Role Responsibility

    As one of Reserving & Capital Actuaries you will be accountable for the following areas;

  • Being a technical champion, ensuring functional and reusable process is used to speed up and automate actuarial process and analytics.
  • Ongoing continuous improvement and embed commerciality within actuarial team.
  • Identify emerging trends, through partnering with stakeholders, understanding business problems and making strategic recommendations.
  • Manage and report on the monthly reserving process.
  • Maintain and understand financial claims data pipelines critical for actuarial process including performing regular reconciliations to validate accuracy of data and reporting.
  • Develop tactical and strategic analysis to answer key business questions.
  • Contribute to both the yearly independent actuarial review and external audit processes across IFRS 4 and 17
  • Contribute to all 3 pillars of Solvency II requirements
  • Contribute to the yearly reinsurance program renewal process – including managing the production of supporting information
  • Maintain and develop transparency and documentation around actuarial team process to minimise key person dependencies
  • Adhere to Technical and Actuarial practice standards (TAS and APS) and governance processes for financial reporting purposes

    • The Ideal Candidate

    We are looking for a candidate who is passionate about the technical aspects of an actuarial role, but who is also able to simplify the complexity when communicating with stakeholders.

  • As a Reserving & Capital Actuary you would be able to demonstrate the following skills and experience:
  • Qualified Actuary (FIA/FFA) or qualified by experience (6+ years)
  • Bachelor/Masters in actuarial science, mathematics, statistics, or related discipline
  • UK personal lines insurance experience ideally with a background in motor
  • Strong numerical and statistical capabilities
  • Comfortable communicating with stakeholders of all levels to C-suite.
  • Successfully contributes to a fun, fast-paced, "fail fast"/agile environment
  • Coding skills, in particular SQL/Snowflake
  • Reserving techniques and software – ResQ would be desirable but not essential

    • Package Description

    Everyday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that's why we have put together an amazing benefits package for all colleagues.

    We offer total flexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.

    BENEFITS AVAILABLE TO ALL COLLEAGUES:

  • Our working week is 35 hours per week, these can be worked flexibly to suit your working style
  • 25 days holiday + bank holidays
  • Option to purchase additional leave up to 5 extra days
  • Pension scheme matched up to 10%
  • Life assurance policy on joining us
  • Wellbeing programme
  • Colleague discounts including family discounts on cruises and holidays
  • Range of reductions and offers from leading retailers, travel groups and entertainment companies
  • Enhanced maternity and paternity leave
  • Grandparents leave
  • Company performance related annual bonus - Up to 5%
  • Income protection
  • Access to Saga Academy, our bespoke learning platform
  • High Finance (UK) Limited T/A HFG

    Capital Actuary

    2 days ago

    High Finance (UK) Limited T/A HFG London, United Kingdom

    We have partnered with a leading Lloyd's syndicate to find them a capital actuary. This is a fantastic opportunity to learn/hone your skills in all aspects of capital modelling from some of the market's best capital modelling actuaries. This role includesbut is not limited to: · ...

  • Finitas

    Capital Actuary

    1 week ago

    Finitas London, United Kingdom

    CAPITAL ACTUARY | LONDON MARKET INSURER | £90K+ (DOE) · Finitas are delighted to have partnered with a leading London market Insurer who are looking for a Capital Actuary to join their team. · You will be supporting of the Head of Capital and the rest of the Capital team in Capit ...

  • BCT Resourcing

    Capital Actuary

    18 hours ago

    BCT Resourcing London, United Kingdom

    Capital Actuary · Location: Fully Remote · Start date: ASAP - Early March start dates can be considered · Duration: 6 months · Day rate: Up to £1300 per day inside IR35 · Company client is working on a new Capital assignment with a leading Lloyds Insurer - full details below: · A ...

  • Bupa Global

    Capital Actuary

    1 day ago

    Bupa Global London, United Kingdom

    Capital Actuary · **Job Description**: · **Capital Actuary** · **Angel Court, London / Hybrid working with 1-2 days per week in London office** · **£70,000 base, 10% bonus, Pension, Private Medical Insurance** · **Permanent / 35 hours a week** · **Closing date: 31st January 2024* ...

  • Arthur

    Capital Actuary

    1 day ago

    Arthur London, United Kingdom

    **Capital Actuary: £80,000 - £100,000 · Syndicate, City of London** · We are delighted to announce an exciting opportunity for a Capital Actuary to join a rapidly growing Lloyd's syndicate. · The successful applicant will have the opportunity to work with a wide range of stakehol ...

  • Phoenix Group

    Capital Actuary

    1 week ago

    Phoenix Group London, United Kingdom

    **Career Family, Level & Title**: Actuarial and Capital Management**Job Type**: Permanent**Closing Date**: 29th March 2024**Location and flexible working**:London / Wythall office. We recognise the benefits of flexible working and will discuss what is important to you and balanci ...

  • Eames Consulting

    Capital Actuary

    2 days ago

    Eames Consulting London, United Kingdom

    **Job Details**: · **Sector**: General Insurance- · **Location**: London- · **Job Ref**: on09_ · **Job Type**: Permanent- · **Salary**: £ £100000 per annum per year- · **Contact**: Onar Cranny- · **Start Date**: ASAPA leading Lloyds syndicate is looking for a Capital Actuary to ...

  • Oliver James Associates

    Senior Capital Actuary

    6 days ago

    Oliver James Associates London, United Kingdom

    I am working closely with a leading insurer to secure a senior actuary for their Capital Modelling team. · This prominent and varied Capital opportunity provides the opportunity to step into a key technical role at a key time for the business. · I'm looking for an investigative i ...

  • BCT Resourcing

    Capital Projects Actuary

    6 days ago

    BCT Resourcing London, United Kingdom

    **Capital Projects Actuary** · **Start: March/April/May** · **Duration: 6 months** · **Rate: Up to £1000 per day** · **Status: Inside IR35** · Company client representing a leading Life insurance company who require a Capital Projects Actuary to support on a day-rate contract bas ...

  • Harrison Holgate

    Capital Analyst Actuarial

    1 day ago

    Harrison Holgate London, United Kingdom

    Capital Analyst (Actuarial) · £75,000 · Hybrid working · The Actuarial space is seeing a lot of movement at the moment so if you are unhappy with your current role or simply want to make a change get in touch. · Actuarial roles are very hard to come by and are recruited for on a ...

  • SiriusPoint

    Capital Modelling Actuary

    2 days ago

    SiriusPoint London, United Kingdom

    **Who We Are** · We underwrite from Bermuda, Liege, London, New York, Stockholm, Toronto and Zurich, and have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. · SiriusPoint, London writes three lines of business: Accident & Health, C ...

  • Saga

    Reserving & Capital Actuary

    1 week ago

    Saga London, United Kingdom

    Job Introduction · **Reserving & Capital Actuary** · **Salary £85,000 to £95,000 DOE** · **Permanent** · **FT - 35 hours per week** · **Hybrid - Home and London Hub** · Our new Reserving & Capital Actuary within AICL (our in-house underwriter), will be responsible for assessing a ...

  • BCT Resourcing

    Capital Modelling Actuary

    6 days ago

    BCT Resourcing London, United Kingdom

    **Capital Modelling Actuary - 6 months contract** · **London** · **£1200 per day, Outside IR35** · Company cliennt is working for a leading London Market insurer who are on the lookout for a Capital Actuary/consultant to support on going modelling and improvement work. · Desired ...

  • Legal & General Investment Management

    Group Capital Actuary

    1 week ago

    Legal & General Investment Management London, United Kingdom

    Reference · - VN-24948Role Type · - PermanentLocation · - London or HoveSalary · - Competitive + Car Allowance, Bonus + BenefitsClosing Date · - 24 March 2023Your role at a glance · - We are currently seeking a Qualified Actuary to join us as a Group Capital Actuary here at L&G.I ...

  • Brit Group Services

    Capital Modelling Actuary

    1 week ago

    Brit Group Services London, United Kingdom

    **Employment Type** · - Permanent · **Location** · - London · **Role Details** · - About Brit · At Brit, we believe that the uncertainty of the future should never stand in the way of progress. That's why we exist. To help people and businesses face the future and thrive. We are ...

  • Phoenix Group

    Capital Model Actuary

    2 days ago

    Phoenix Group London, United Kingdom

    **Job Type**: Permanent · **Location**:This role could be based in either our Wythall, London, Edinburgh or Telford offices with week spent working in the office and at home. · **Flexible working**:All of our roles are open to part-time, job-share and other types of flexibility. ...

  • Oliver James Associates

    Capital Reporting Actuary

    1 week ago

    Oliver James Associates London, United Kingdom

    **Location**: London (Hybrid/ Flexible Working) · Oliver James have partnered up with a major Life Insurer to recruit for a Capital Reporting Actuary to join their growing Reporting team within the retirement division. · As a Qualified Actuary you will be tasked on a variation of ...

  • eFinancialCareers

    Gi Actuarial, Senior Capital Actuary

    18 hours ago

    eFinancialCareers London, United Kingdom

    GI Actuarial, Senior Capital Actuary, up to £140,000 & a 25% bonus. · **Requirements**: · - FIA qualification · - Extensive capital modeling experience · In our company values we aim for equity at all stages of the recruitment process, please let us know if we can do anything to ...

  • SCOR

    Capital Actuarial Trainee

    1 week ago

    SCOR London, United Kingdom

    This role will focus on capital modelling and supporting business planning, exposure management and outwards reinsurance analysis. · - Assist in the maintenance, development and BAU running of the Scor Syndicate Internal Capital Model. · - Assist with Stress and Scenario testing ...

  • eFinancialCareers

    Capital Actuary, General Insurance

    1 week ago

    eFinancialCareers London, United Kingdom

    Capital Actuary, General Insurance. Central London based & up to £110,000. · This role would suit a capital actuary who wants to move away from the technical side of capital modeling work, and into a more stakeholder management-focused role. · In our company values we aim for equ ...