Reserving Actuary

Location
City of London
Salary
£80000 - £100000 per annum
Posted
16 Oct 2019
Closes
23 Oct 2019
Ref
J6158
Contact
Daniel Wexler
Job Function
Actuary, Qualified
Contract Type
Permanent
A Global Insurance company is currently looking for a Reserving Actuary to join their team in London

Job Summary:
To set reserves for loss and loss adjustment expenses and assists in completion of the full suite of financial reports for Travelers Europe and parent company. To provide advice and direction to less experienced staff, including the management and mentoring of those undertaking professional qualifications. Will typically be newly qualified with less than three years post qualification experience.

Primary Job Duties & Responsibilities:
Working with senior management to ensure the department achieves the following areas of responsibility in accordance to the business plan

Reserving: Recommends & books reserves, evaluates adequacy of loss, ALAE, and ULAE reserves and identifies loss trends. Communicates findings appropriately. Works with Claims, Underwriting, and actuarial pricing to understand reasons for changes.

Planning/Forecasting: Works with appropriate business units to develop financial business plans and business strategies.

Management Information: Works closely with the Business Intelligence team, to develop data retrieval, categorization and reporting systems. Oversees the production of reports required to monitor progress in improving profitability and implementation of business initiatives.

Research: Identifies potentially useful areas of research and makes recommendations to business units accordingly.

Project Mgmt: Participates in key/complex actuarial projects, including cross-company actuarial initiatives to include possible presentation to senior management. May take on responsibility for smaller projects. Provides leadership, guidance, mentoring and coaching as appropriate to junior members of the team and provides support and advice to those undertaking professional qualifications. May be responsible for managing complex projects.

Minimum Qualifications
Has achieved Fellowship designation

Education, Work Experience & Knowledge
Lloyd's reserving experience required

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