Jobs
>
London

    Reserving Analyst - London, United Kingdom - Ascot Group

    Ascot Group
    Ascot Group London, United Kingdom

    1 month ago

    Default job background
    Full time
    Description
    Job Description

    Job Purpose:

    The Ascot syndicate reserving function formed in 2022 and expanded with an analyst joining the team in 2023. This role presents the unique opportunity for a senior analyst to make a key contribution to the development of in-house reserving capabilities for an established and well-regarded syndicate.

    This role will work with the Head of Reserving and other Ascot functions to build out Ascot's own in-house reserving capabilities, and initially collaborate with the external reserving function (EY). The successful applicant will be expected to work closely within the reserving team and adapt as the team's responsibilities grow. Reserving responsibilities cover the wide range of lines of business written by the syndicate.

    The reserving team contribute to the Ascot actuarial function objectives, reporting up through the syndicate Chief Actuary and with close collaboration with the wider group reserving functions. The successful applicant would be encouraged to contribute to other syndicate actuarial workstreams when possible.

    Detailed Duties:

    The role of the successful candidate may include the following;

    Enhance the capabilities of the Reserving Function
    • Contribute to the development of in-house reserving processes in collaboration with external consultants, embedded IT developers within the actuarial team and the wider Ascot Group reserving functions.
    • Enhance downstream Syndicate and Group reporting, for example Lloyd's reporting, accident year view of syndicate reserves, PYD analysis, analysis of change, IBNR forecasting and liability durations.
    • Enhance reserving diagnostics in both Power BI and Excel, and the use of these to communicate reserves to other departments.
    Wider Support of the Reserving Function
    • Work collaboratively within the reserving function.
    • Assist in producing the Ascot syndicate quarterly reserve estimates.
    • Use appropriate actuarial techniques and analysis to calculate best estimate reserves, and to identify and allow for trends and other changes over time.
    • Set up and carry out deep dive reviews of individual classes of business and ad hoc reserving analyses using Arius reserving software. Communicate the results of these analyses with other teams.
    • Monitor and analyse data sources to extract value and inform reserving assumptions. Monitor reserving metrics and MI to identify trends and early indicators.
    • Prepare regular reports on reserves, claims experience and other reserving metrics for both reserving team and wider use.
    • Prepare papers for meetings with underwriters, consultants and Reserve Committee.
    • Contribute to the feedback loop between reserving, pricing, business planning and capital modelling.
    • Respond to requests of other departments for information on reserves, assumptions and data.
    • Liaising with other Ascot functions as necessary, such as Finance, Claims, Underwriting and Reinsurance in order to further the objectives of the team.
    Contribution to Actuarial Function
    • Proactive and positive contribution to the (Group) actuarial function with respect to culture and teamwork, contributing to the overarching objectives of the team.
    • Contribute to the development of Ascot group reserving reporting to increase consistency and synergies between entities.
    • Provide support to the capital modelling and/or pricing functions as required, and dependent on skills and preference of the successful candidate.
    • Assist with the production of the Actuarial Function report.
    Other
    • Demonstrate commitment to personal and team development.
    • Identifying opportunities to work more efficiently and rigorously as the responsibilities of the team increase.
    • Study towards actuarial qualification.
    • Undertake relevant technical training to develop actuarial knowledge.
    Skills:

    The successful candidate will have/be:
    • Relevant London Market experience of reserving preferred.
    • IFoA nearly qualified actuary preferred with relevant experience of actuarial reserving techniques.
    • Proactive candidate that is able to prioritise and manage own workload.
    • Critical thinking skills - problem diagnosis and problem solving. Ability to think 'outside of the box' to find a solution.
    • Excellent written and oral communication skills, including report writing and ability to summarise complex points in insightful management information.
    • Good commercial awareness and ability to build and maintain positive relationships across functions.
    • Ability to identify business challenges and propose and implement solutions to meet needs.
    • Strong organisational, analytical and decision-making skills and attention to detail.
    • Enthusiastic, proactive and pragmatic.
    • Microsoft Office skills, especially in Excel.
    • Transferable experience in reserving software or programming languages is beneficial. Appetite to learn new software skills to advance capabilities and efficiencies of the team.
  • HFG Insurance Recruitment

    Reserving Analyst

    5 days ago

    HFG Insurance Recruitment London, United Kingdom

    We have partnered with a leading Specialty insurer to find them a Reserving Analyst to join their rapidly expanding team. The successful candidate will be expected to take strong personal ownership for the responsibilities of the role and to demonstrate an ability to develop appr ...

  • Gravitas Recruitment Group

    Reserving Analyst

    3 weeks ago

    Gravitas Recruitment Group London, United Kingdom Full time

    Our client is currently on the lookout for a Reserving Analyst in the Non-life Actuarial industry to join an established Global Insurer. This role involves a variety of reserving tasks for non-life insurance products within a dynamic and challenging environment. · Responsibilitie ...

  • CHUBB

    Reserving Analyst/Senior Reserving Analyst

    3 weeks ago

    CHUBB London, United Kingdom Regular - Full time

    Are you looking to build your experience within Reserving with good progress made with the Actuarial exams? · If so, and if you are interested in applying your knowledge within one of the largest insurers in the world, with a global footprint in 54 countries and excellent employe ...

  • Finitas

    Reserving Analyst

    1 day ago

    Finitas London, United Kingdom

    Job Description · Senior Reserving Analyst - London Market Insurer - £60,000/Hyrbid · Finitas are delighted to be supporting this London market organisation in their search for a Senior Reserving Analyst to join the Reserving Function. · Our client is looking for a part/qualified ...

  • Ki Insurance

    Reserving Analyst

    2 weeks ago

    Ki Insurance London, United Kingdom

    Job Description · Who are we? · Ki is the biggest global insurance tech company you've never heard of, unless you've been looking to insure a satellite, wind farm or music festival recently. · Having written over $877m in gross written premium in 2023, we've achieved significan ...

  • The Actuary

    Reserving Analyst

    2 days ago

    The Actuary London, United Kingdom

    We have partnered with a leading Lloyd's syndicate to find them an end to end Senior Reserving Analyst. This is the ideal role for a reserving analyst looking to step up to a more senior position. This role is not limited to but includes : · The opportunity to take sole responsi ...

  • HFG Insurance Recruitment

    Reserving Analyst

    5 days ago

    HFG Insurance Recruitment London, United Kingdom

    We have partnered with a leading Specialty insurer to find them a Reserving Analyst to join their rapidly expanding team. The successful candidate will be expected to take strong personal ownership for the responsibilities of the role and to demonstrate an ability to develop appr ...

  • The Actuary

    Reserving Analyst

    2 weeks ago

    The Actuary London, United Kingdom

    We have partnered with a leading Specialty insurer to find them a Reserving Analyst to join their rapidly expanding team. The successful candidate will be expected to take strong personal ownership for the responsibilities of the role and to demonstrate an ability to develop appr ...

  • High Finance (UK) Limited T/A HFG

    Actuarial - Senior Reserving Analyst

    1 week ago

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

    We have partnered with a leading Lloyd's syndicate to find them a Senior Reserving Analyst to join their rapidly growing reserving team. This role includes but is not limited to the following duties: · - Oversee and collaborate on group-wide reserving projects. · - Work with the ...

  • High Finance (UK) Limited T/A HFG

    Mixed Reserving and Capital Analyst

    2 weeks ago

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

    We have partnered with a leading Lloyds syndicate to find them an Actuarial analyst with 1-2 year's experience. This is an excellent opportunity for an Actuarial Analyst from any background, including (life/pensions), to move into the Lloyd's market andwork directly with the Chie ...

  • High Finance (UK) Limited T/A HFG

    Mixed Capital and Reserving Analyst

    1 week ago

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

    We have partnered with a small Lloyd's of London business an Actuarial analyst with 1-3 years' experience. This is an excellent opportunity for an Actuarial Analyst from any background, including (life/pensions), to move into the Lloyd's market (with theopportunity to work direct ...

  • HFG Insurance Recruitment

    Senior Reserving Analyst

    5 days ago

    HFG Insurance Recruitment London, United Kingdom

    We have partnered with a leading Lloyd's syndicate to find them an end to end Senior Reserving Analyst. This is the ideal role for a reserving analyst looking to step up to a more senior position. This role is not limited to but includes : · The opportunity to take sole responsib ...

  • High Finance Limited T/A HFG

    Senior Reserving Analyst

    5 days ago

    High Finance Limited T/A HFG London, United Kingdom permanent

    We have partnered with a leading Lloyd's syndicate to find them an end to end Senior Reserving Analyst. This is the ideal role for a reserving analyst looking to step up to a more senior position. This role is not limited to but includes : · The opportunity to take sole responsib ...

  • Fidelis Insurance Group

    Reserving Analyst

    3 weeks ago

    Fidelis Insurance Group City of London, United Kingdom

    Fidelis is a global (re)insurance company, with operations in Bermuda, Ireland and the United Kingdom. It was formed in Bermuda in 2014 by Richard Brindle, under the principles of focused, process-driven and disciplined underwriting and risk selection, strong client and broker re ...

  • WPR

    Reserving Analyst/Actuary

    3 days ago

    WPR London, United Kingdom

    Reserving Analyst/Actuary · I'm excited to introduce myself as a new member of the Actuarial team at WPR, the insurance specialist. As I build our reserving network, I invite professionals interested in Reserving Analyst or Actuarial roles to connect with us. · About WPR: Founded ...

  • Brit

    Actuarial Reserving Analyst

    3 weeks ago

    Brit London, United Kingdom

    Vacancy Name · Actuarial Reserving Analyst · Employment Type · Permanent · Location · London · Role Details · Who are we? · Ki is the biggest global insurance tech company you`ve never heard of, unless you`ve been looking to insure a satellite, wind farm or music festival re ...

  • CNA Hardy

    Actuarial Reserving Analyst

    3 weeks ago

    CNA Hardy London, United Kingdom

    Job Profile · Function / Area: Actuarial & Risk · Reporting to: AVP, Reserving & Capital · Position Summary · The individual is an Analyst within the Reserving function at CNA Hardy in what is a role that gives great exposure to a range of products and territories and provide ...

  • HFG Insurance Recruitment

    Senior Reserving Analyst

    4 days ago

    HFG Insurance Recruitment London, United Kingdom

    Job Description · We have partnered with a leading Lloyd's syndicate to find them an end to end Senior Reserving Analyst. This is the ideal role for a reserving analyst looking to step up to a more senior position. This role is not limited to but includes : · The opportunity to t ...

  • HFG

    Senior Reserving Analyst

    1 week ago

    HFG London, United Kingdom

    We have partnered with a leading Lloyd's syndicate to find them an end to end Senior Reserving Analyst. This is the ideal role for a reserving analyst looking to step up to a more senior position. This role is not limited to but includes : · The opportunity to take sole responsi ...

  • HFG

    Senior Reserving Analyst

    2 weeks ago

    HFG London, United Kingdom

    We have partnered with a leading Lloyd's syndicate to find them a Senior Reserving Analyst to join their growing team. The successful candidate will join the reserving team and be responsible for reporting and analysing reserves in relation to our regulatory, operational, and fin ...