Vallum Associates
Senior Reserving Actuary
Job Location
London, United Kingdom
Job Description
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!!!
Location: London, GB
Posted Date: 10/25/2024
Contact Information
Contact | Human Resources Vallum Associates |
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