Reserving Manager

Key responsibilities

Reserving

• Manage the UK GAAP and Solvency II reserving best estimate calculations prior to review and sign off from Head of Reserving
• Manage the review of claims data preparation and setting of methodology and assumptions for all perils
• Assist reserving discussions with other areas of the business, including underwriting, reinsurance, finance and claims to generate reserving results
• Manage the production of quarterly reserving documentation, presentation packs and reports
• Provide assistance to the Finance, Claims, Reinsurance, Capital and Underwriting teams as appropriate
• Supporting the reserving transformation project including:

- Assisting with the development or redevelopment of new or existing solutions within the reserving process

- Improving efficiency through automation using coding and programming better processes

- Helping to design, build and enhance actuarial analytics and reporting capabilities

- Building, developing and documenting streamlined & efficient processes using various technologies

Regulatory Reporting

• Assist Finance in the production of Lloyd’s quarterly and annual management returns
• Manage the production of Technical Provisions component of annual Actuarial Function Report prior to review and sign off from Head of Reserving
• Support with production of associated reserving frameworks and policies
• Liaise with external SAO actuaries and auditors

The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

Essential qualifications, skills, and experience

• Qualified member of the Institute and Faculty of Actuaries
• Previous experience of General Insurance reserving techniques and models.
• Personal lines experience preferable
• 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;
• Experience of coding desirable such as MS Excel VBA , SQL, Python, R