Senior Reserving Actuary

Actuarial Reserving Specialist – 6 month contract – Up to £1,400 per day - London

My client is a leading Lloyd's Syndicate who are looking for an Actuarial Reserving Actuary to join their team. This role is a 6 month contract, based in London with some remote capabilities, that is paying up to £1,400 per day.

Key Responsibilities

• Contribute to the development of the reserving function, ensuring all processes operate efficiently and on time.
• Perform reserving investigations on assigned products, ensuring accurate estimates are produced, methodologies are properly implemented, and internal and external review processes are facilitated.
• Implement tests and validation processes to ensure the accuracy and adequacy of reserves.
• Support effective governance processes for reserving, ensuring timely, efficient, and well-documented reporting of reserve reviews.
• Communicate the results of reserve analyses to management.
• Assist in the development and implementation of appropriate policies and procedures.
• Perform quarterly close process duties, collaborating with Finance and US-based Actuarial colleagues to ensure effective operation of key controls.
• Contribute to the production of quarterly and annual Solvency II Technical Provisions.
• Assist in the preparation of the Technical Provisions section of the Actuarial Function report.
• Support the parameterisation of the Internal Capital Model by assisting with the modelling of reserve risk.
• Liaise with auditors, external actuarial consultants, and peer-reviewers as needed, under management’s direction.

Skills, Knowledge & Experience

• Solid experience in an Actuarial discipline (Reserving, Pricing, Capital Modelling, etc.), with a preference for a background in Reserving.
• Proven ability to take on more senior-level roles in future career steps.
• Strong commercial acumen with a track record of collaborative work across insurance disciplines such as Underwriting, Executive Management, Claims, Finance, and Reinsurance.
• Preference for experience in London Market, commercial, or reinsurance reserving; knowledge of Continental European markets is advantageous but not essential.
• Deep understanding of industry reserving methodologies and issues.
• Strong knowledge of regulatory reporting requirements and experience in delivering on those requirements.
• Excellent communication skills, with the ability to translate complex issues into clear, insightful information for management.
• Good understanding of insurance and reinsurance products.
• Strong IT skills, particularly with MS Office and reserving software (preferably ResQ). Experience with SQL, Visual Basic, data visualization tools, or statistical programming languages (e.g., R) is advantageous.
• Familiarity with predictive analytics and data science techniques is a plus.

If you would be interested in discussing this opportunity further please apply now!!!