One of the World's leading insurance businesses is looking for a part qualified or qualified actuary for their Technical Provisioning team.
This role represents an opportunity to be part of a pivotal team that drives and shapes the use of capital & reserve throughout a large general insurance business.
The key accountabilities of the role will be to:
- Provide reserving expertise to assist in the delivery of the quarterly reserving exercise
- Present and promote insight from the reserving exercise to assist the wider business
- Assist in the internal and external review of the overall reserving process
- Understand and be able to quantify the uncertainty and risks which surround the reserves and future claims costs
- Develop the Solvency II Technical Provisions capability
- Assist in the shaping and structuring of the Solvency II Project
- Assist in the design, development and parameterisation of the internal stochastic model
- Assist in the internal model approval process, including model validation, evidencing and documentation
- Use the output from the internal model to help make key business decisions
In this role you will play a key part in:
- Steering the overall use of reserving tools and models for the department
- Challenging the reserve set by the team and look at overall reserve movements across the company from a top down direction
- Draw the key overall insights and relate them to how they affect the business operation and financial performance
- Create and present the papers for the various committee meetings
