Overview

Senior Reserving Analyst

The role has arisen as a result of a recent drive to enhance the internal insurance pricing capability. In this highly visible role within a leading insurance broker, you will employ your reserving expertise to contribute to the achievement of business objectives, liaising with senior management and capacity providers.

Ref: 49781

  • Location: London
  • Category: Non-life Actuarial
  • Type: Permanent

Overview

Key Duties:

Technical Analysis:

  • Carry out and peer review elements of the quarterly reserve reviews, as well as additional claims related analysis
  • Produce analysis of Claims performance, identifying trends and features, which includes the interpretation and communication of suitable recommendations to Senior Management
  • Enhance the team’s capabilities by undertaking automation projects and adoption of new software, tools and techniques in analytics
  • Working on ad hoc pricing projects with the overall aim of having a direct impact on profitability
  • Leading the department’s thinking in the pro-active use of available data to support the Underwriting and Claims functions in making effective and informed business decisions
  • Assist in the development, maintenance and interpretation of relevant MI in relation to the company’s underwriting performance and pricing strength
  • Communicate analysis and make recommendations to Underwriters, Claims Managers and Senior Management

Reporting:

  • Support the maintenance of monthly Management Information packs for key measures and factors
  • Provide regular reports and analysis in a timely manner
  • Gather market information when required and collate for circulation within the business

 

General:

  • Undertake other duties and responsibilities that are reasonably required by your line manager, working flexibly across other areas of the business
  • To ensure that GDPR, SII, PRA, FCA & TCF and other regulatory requirements are met

Qualifications required:

  • Part qualified actuary with 1 to 3 years work experience
  • A degree in mathematics/statistics or equivalent

Experience required:

Skills and Abilities:

  • Experience with claims reserving software, for example ResQ
  • Strong Microsoft Office Skills, especially in Excel
  • Skills in database and programming packages, for example , SQL, R, Python, etc.
  • Ability to manage time effectively, demonstrate a high level of organisational skills and ability to prioritise work- loads, often working to set deadlines
  • Emblem experience (preferred but not essential)

Knowledge:

  • Knowledge of current Motor Insurance perils and rating factors
  • An understanding of emerging themes in the industry

Personal Attributes and Other Requirements:

  • Logical thinker with a professional and positive attitude
  • Must be able to work in a busy dynamic environment

Consultant

Rebecca Gibson

Director, General Insurance

T: ‭020 3867 9857

Email me

Apply

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