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Senior Actuarial Analyst - Reserving
LondonPosted 2 weeks ago
Full-timehybrid
Job Description
Senior Actuarial Analyst - Reserving
Department: Actuarial
Employment Type: Permanent - Full Time
Location: London
Description
This is a role for a part-qualified actuary (or equivalent) with General Insurance reserving experience, preferably with commercial lines or specialty lines exposure. The successful candidate will be reporting to the LSL Head of Reserving and will be part of an established and training-focussed reserving team. Initially, the successful candidate will be supporting the Reserving Actuaries for LSL Syndicates 2010 and 3010 with scope to expand into a more Group focussed role as the Actuarial Function looks to align reserving systems and processes across the Lancashire Group.
Study support will be provided to a successful candidate to complete the actuarial exams. We also welcome applications from candidates who have chosen not to sit the actuarial exams.
Specific Responsibilities
Reserving
- Lloyd’s, UK GAAP, Solvency II, US Trust Fund and Accident Year reserving best estimate and booked calculations.
- Quarterly reserving documentation, presentation packs and reports.
- Support and discuss reserving related issues with underwriting, reinsurance, finance and claims functions.
- Liaise with the business to derive initial major loss estimates.
- Assist in the review and implementation of reserving process enhancements.
- Undertake portfolio analysis to support reserving investigations
Regulatory Reporting
- Assist Finance in the production of Lloyd’s quarterly and annual management returns.
- Assist in the production of Technical Provisions component of the annual Actuarial Function Report.
- Maintenance of associated reserving frameworks and policies.
- Liaise with external SAO actuaries and auditors.
Essential Skills & Requirements
Essential
- Good knowledge of actuarial reserving techniques and models on Lloyd’s, UK GAAP and Solvency II bases
- A minimum of 2 years’ experience of reserving, ideally within a London Market environment
- Minimum of a second-class degree in a mathematical or science-based subject as well as good ‘A’ Levels (or equivalent) including at least one mathematical subject
- Excellent IT skills, in particular MS Office and SQL
- Strong analytical, technical and presentational skills to enable the results of Actuarial analyses to be communicated to a non-actuarial audience
- Excellent attention to detail
- Good written and verbal communication skills
- Problem solving skills and project management skills
- Excellent interpersonal skills, as there will be a high level of communication required both within the firm and with external bodies
Desirable
- Some knowledge of capital modelling, IFRS17 and/or pricing
- Experience with Power BI, Psicle and/or ResQ
The Lancashire Way
At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.
Straight-talking
We feel empowered to share thoughts and ideas, because everyone’s voice matters.
Collaborative
We work together towards common goals, share knowledge and support each other.
Hard-working
We all have a stake in the company’s success and are proactive in contributing to our goals and vision.
Responsible
We focus on achieving tangible results with consistent standards across the Group.
We feel empowered to share thoughts and ideas, because everyone’s voice matters.
Collaborative
We work together towards common goals, share knowledge and support each other.
Hard-working
We all have a stake in the company’s success and are proactive in contributing to our goals and vision.
Responsible
We focus on achieving tangible results with consistent standards across the Group.
Positive
We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.
We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.