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Actuary - Reserving Lead

  • Salary: £800 - £1000 per day
  • Job type: Contract
  • Location: City of London, London
  • Sector: Other
  • Date posted: 03/07/2017
  • Job reference: J369182A

Actuary - Reserving Lead

Location: City of London
Rate: £800 per day - £1000 per day

Duration: 6 Months

Introduction
My client, a multinational Insurance company have a requirement for a Senior Consultant on an interim basis to act as Reserving Lead.


Detailed Role and Requirements

Role:

  • Manage the quarterly reserving process across the European region in Personal Insurance
  • Assist with the production of actuarial reserving reports complying with relevant professional and local standards.
  • Support the communication of the actuarial recommendation on reserving levels, uncertainty around best estimate and areas of risk within the reserves to senior management.
  • Support the communication of reserving reviews to countries management and profit centres.
  • Support actuarial input into the financial plan.
  • Support the peer review of pricing and rate indication studies.
  • Help develop the relationship between Actuarial and Claims. Ensure the quantification of claims initiatives and reflect this into the projected loss ratios.
  • Ensure data used for reserving is complete, accurate, adequate and timely.
  • Comply with key regulatory and risk management procedures.

Requirements:

  • A qualified member from an Actuarial Institute
  • At least 5 years insurance experience
  • Proven proficiency in actuarial concepts/methodologies
  • Familiar with general insurance concepts including underwriting policies, claims handling policies and local legislation
  • Experience managing a small team.
  • IT proficiency in reserving software,
  • Knowledge of VBA required, SQL and SAS advantageous
  • Ability to work under own initiative and show flexibility to meet business needs
  • Ability to meet tight deadlines and prioritise own work
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