Reserving and Capital Actuary

We have partnered with a client who is looking for an Reserving and Capital Actuary or Part Qualified Actuary, to support the Chief Actuary as part of the Actuarial Function. The axtuary will manage and perform regular reserving exercises across a diverse range of business classes, and to build strong relationships with other functions to deliver UK and Group objectives. Involvement in the UK regulatory capital calculation and capital projection processes is also expected to form part of this role.

Reserving legacy business involves specific actuarial techniques and regularly requires ad-hoc analysis into trends or cohorts, which often need non-standard approaches to be considered. The relationship with the claims team is crucial to the success of the reserving exercise as their input provides essential insight beyond the data. A successful candidate will seek opportunities beyond the reserving and capital exercises to support the business objectives of the Company and to add value.

This role has high visibility across the company, with regular interaction with senior stakeholders including UK and Group CEO, CFO, Claims Director and CRO and the Group Chief Actuary.

• Management of reserving process for classes (specific classes will depend on experience but may include both US and UK longtail liabilities)
• Support in reserving process across all lines of business including UK EL, US Asbestos, US Pollution, US Abuse, PPOs
• Support in capital modelling including calculation of SII Standard Formula and bespoke ultimate capital modelling
• Business partnering to help deliver key strategic objectives in areas such as commutations, claims analytics and claims initiatives
• Peer review of reserving performed by other team members
• Building strong relationships across UK and Group functions to promote the role of the Actuarial Function within the company

• FIA (or equivalent) qualified / part Actuary, with at least 3-4 years of experience
• Strong reserving background, including experience of different actuarial techniques and communicating outcomes to non-actuarial functions
• Knowledge of reserving for legacy lines preferred
• Knowledge of SII Standard Formula / Internal Capital Models preferred
• Excellent written and verbal communication skills to be able to explain complex actuarial techniques and results to non-technical audiences including senior executives
• Ability to build productive relationships with non-actuarial functions to improve outcomes for actuarial processes and to support the business in achieving its objectives
• Track record of timely delivery of high-quality actuarial work
• Experience of SII SF model and projecting capital for planning purposes beneficial