Overview

Syndicate Reserving Manager

Permanent

Our client is looking to hire a Syndicate Reserving Manager to join their London office on a Permanent basis.

Ref: 49405

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

Overview

Key Duties:

  • Responsibility for leading the reserving process for both syndicates
  • Lead the quarterly reserving process: Overseen by the chief actuary take responsibility for data needed for reserving, analysis, calculation and reporting of reserves to be held for each syndicate
  • Responsibility for being main contact point for external actuaries to provide SAO & tax opinion
  • Responsibility for ensuring compliance with actuarial standards and market practice
  • Compliance with Sarbannes-Oxley Control Framework including ensuring evidence of controls is maintained
  • Assist in the process for the calculation and / or review of the technical provisions
  • Reserve uncertainty Assist with the in assessment of reserve uncertainty, in particular the modelling and parameterisation of reserve risk within the Syndicate capital model
  • Business Planning: Play full part in actuarial team’s responsibility for reviewing business plans, utilising reserving knowledge wherever possible to be able to advise underwriting teams of anticipated levels of future profitability
  • Ad-hoc actuarial projects: Development of rating indices for pricing Risk modelling and capital requirements Modelling of individual risks where required Providing assistance to Finance team during reporting season

 

Other Skills:

  • IT skills (Word, Excel and other software packages used within the business). An understanding, competence and interest in spreadsheet and finance-based packages
  • Able to take responsibility for own competence and address requirements in a timely manner
  • Numeracy
  • Analytical skills

Qualifications required:

  • FIA or equivalent
  • Graduate

Experience required:

  • At least five years’ actuarial work experience in General Insurance
  • Developing a knowledge, appropriate to the role, of insurance, reinsurance and the business written by the syndicates

Consultant

Ross Watts

Consultant – General Insurance

T: +44 (0)203 861 5171

Email me

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