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Reserving Actuary

The Wells Tobias Group
Closing date
23 Feb 2021

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Job Details

We are working with a major UK Insurer who is seeking a Reserving Actuary to join their team.

Ideally you will be Fully or nearly qualified actuary, who possesses thorough and detailed knowledge of personal lines reserving.

Some key responsibilities will include

  • Meet with regulators and auditors to satisfy them as to the adequacy of reserves and solvency
  • Conducting regular reserve reviews on both the motor and household accounts
  • Reporting of reserving results to the Board, reinsurers/ coinsurers.
  • Preparation of claims, exposure & premium data for reserving, and preparing reconciliation checks
  • Oversight of the external reserving activities conducted by Insight Risk.
  • Facilitating the actuarial aspects of the company's annual audit.
  • Oversight of Solvency II; feeding into the company's Capital and Solvency II processes.
  • Working closely with the pricing team, to ensure reserving outcomes are fed into pricing.
  • Provide support to other functions in respect of pricing, claims and reinsurance, as required.

Based on these duties is it s essential that you

  • Possess thorough and detailed knowledge of personal lines reserving.
  • Are able to set up a reserving process, automating as much as possible
  • Be proficient at ResQ, SQL (or other programming language) and Excel
  • Have strong influencing and communication skills.
  • Have attention to detail
  • Have a minimum of 5 years insurance experience, particularly reserving personal lines products
  • Possess strong stakeholder management skills
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