Reserving actuary - united kingdom, blackburn, lancashire

reserving actuary

reporting into: head of reserving

perform (as required) the quarterly reserving and trust fund valuations for specialty risks, cyber risks, digital risks, property risks and map risks classes of business

maintain evidence of valuation assumptions

peer review colleagues' work to provide quality assurance

contribute to reporting the results of actuarial valuations and analyses to the relevant stakeholders and committees

calculate, review and communicate reserve uncertainty/ranges and ensure the methodology and measures used remain robust

perform and review (as required) the quarterly technical provisions valuations, validations and reporting requirements, adhering to the required standards and ensuring technical provisions deliverables are met in a timely manner to a high standard

liaise with actuarial colleagues, finance, underwriting teams and claims managers to forecast ulrs for financial planning and reporting

work with the finance, data management and ceded reinsurance teams to produce and reconcile the data for the valuation processes

contribute to the maintenance of documentation with the required frequency, adhering to the review requirements and obtaining the appropriate sign-offs

support the work of external actuaries as required

assist in other projects undertaken by the actuarial team e.g. m&a and business planning analyses

build and maintain constructive working arrangements with those groups identified as being key to your role

operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives

provide support and mentoring to the assistant reserving actuaries, with potential for line management responsibilities

become a technical expert and trusted advisor for management on reserving and related matters

keep abreast of industry best practice, new initiatives and changes in regulatory requirements

identify opportunities and deliver improvements in the valuation processes and methodologies

undertake applicable professional, technical and career development training (delivered internally and externally)

general

it is important that within all your interactions both internally and externally you adhere to the core values - being bold, striving for better, and doing the right thing - as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. we also expect all employees to:

comply with procedures, policies and regulations including the code of conduct.

display business ethics that uphold the interests of all our customers.

ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.

education and qualifications

university degree in mathematics or related field

actuarial qualification desirable

skills and abilities

general commercial and financial knowledge

experience with resq reserving software preferable

competent user of ms excel; vba, access, sql, sas and r skills desirable

strong analytical skills with attention to detail; accurate and numerate

able to communicate effectively both verbally and in writing

team worker as well as able to work on own initiative

ability to manage time, meet deadlines and prioritise

knowledge and experience

proven reserving experience; lloyd's market knowledge desirable

good knowledge of technical provisions for solvency ii preferred

firm grasp of actuarial valuation techniques, including those used within pricing and capital modelling

understanding of reinsurance and its impact on reserving

aptitude and disposition

outcome focused, self-motivated, flexible and enthusiastic

professional approach to successfully interact with team members, internal and external stakeholders

competencies

achievement and solution focused

analytical

information seeking

stakeholder focus

using initiative

having integrity

taking responsibility

being reliable

attention to detail

indmp

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