Reserving Actuary

Reserving Actuary page is loaded## Reserving Actuary locations:
UK - London ( St Botolph )time type:
Full time posted on:
Posted Todayjob requisition :

*
* Job Title:

Reserving Actuary
***
* Location:

Aldgate, London
**** Position Type:
Permanent, 35 hours per week
**** Hybrid: 3 days in the office, 2 days working from home
***
* Job Purpose:

** Reporting into the Head of International Reserving to support the UK actuarial function in all aspects of the reserving process, with a specialised focus on the high-profile Financial Lines account, and evaluation of Solvency II technical provisions across the International Group.
*
* Key Responsibilities:

*** Supporting quarterly reviews of Financial Lines reserves in respect of business written across TMHCC’s International Group platforms and perform peer reviews of other product lines (e.g. Energy, Marine, Property, Treaty, Accident & Health, Credit, Surety, Professional Indemnity and Liability lines).
* Leading ad-hoc deep-dive portfolio analyses and other relevant projects (including continuing to enhance existing Financial Lines claims watchlist process) and feeding back insights to the wider business.
* Liaising with other stakeholders across the company in a collaborative effort to improve processes and enhance the reputation of the actuarial team.
* Delivery of Solvency II technical provisions and related regulatory/Lloyd’s returns.
* Identifying and leading technical and wider process enhancements to increase the efficiency and impact of existing processes.
* Supporting periodic analysis of reserve risk to quantify and communicate the range of uncertainty around the actuarial best estimate and support the parameterization of key inputs to the internal capital model.
* Full details of each objective are outlined below.
*** Additional role expectations:
*** Contribute to the growth of intellectual capital within the actuarial department through attendance and participation in professional development initiatives and events as well as sharing of specialized expertise with other members of the team.
* Demonstrate accountability and forward-looking approach in execution of work, so that processes are intuitive, dynamic and scalable, with appropriate audit trails.
* Providing ad hoc support to other business lines during quarterly reviews as required.
** Skills and Experience Specification:
**** Essential:
*** Bachelor’s degree in Actuarial Science, Mathematics, Statistics or related field.
* Fellow of the Institute and Faculty of Actuaries (FIA), Fellow of the Casualty Actuarial Society (FCAS) or similar.
* A minimum of 3 years post qualified core reserving experience involving practical application of actuarial methods and statistical techniques used in reserving of London Market P&C lines, including Financial Lines.
* Excellent written and verbal communications skills.
* Commercial awareness and knowledge of industry changes, legal updates and technical developments related to applicable areas of TM HCC’s business to proactively respond to changing business environment.
* Thorough knowledge of the regulatory environment, including specific responsibilities placed on the actuarial function as part of the Solvency II framework and Lloyd’s guidance for the setting of syndicate reserves.
* Strong analytical skills with aptitude for detail and ability to apply advanced problem-solving skills.
* Advanced proficiency and experience using Microsoft Office Package (Excel, Access, PowerPoint, Word).
* Programming aptitude / experience e.g. VBA, SQL, Python, R or similar.
** Desirable:
*** Proficiency and experience working with ResQ, Psicle and Power BI.
** Key Responsibilities additional information:
** Supporting quarterly reviews of Financial Lines reserves. Work covers:
* Appropriate application of actuarial loss reserving techniques and expert judgement.
* Liaise with claims management on the latest claims watchlist and apply expert judgment to incorporate this within reserving estimates.
* Review existing techniques and tools utilised within the Financial Lines reserving process and identify opportunities for further enhancements.
* Timely delivery and communication of results to management,…