Head of Reserving
3 weeks ago
Head of Reserving – Reserving – London – Hybrid – Salary up to £170,000
I am currently working with a growing Lloyds Market Syndicate who are looking for a Head of Reserving to join and head up their current team of 4. They are looking for someone that understands a range of business lines as well as someone to make Reserving their own
This position is based in London 3 days per week with remote options and is paying up to £170,000 + bonus
Responsibilities:
- Deliver quarterly reserving process outputs, presenting to key stakeholders.
- Provide allocation, support and mentorship for the Reserving Actuary team.
- Monitor emerging trends in claims using market and internal data, incorporating insights into reserving assumptions.
- Drive transformation project.
- Drive strategic data usage and development.
- Develop internal MI tools such as dashboards to facilitate cross-team understanding and insights.
- Manage the SQL reserving process, implementing improvements and conducting annual deep dives to enhance quarterly reporting.
- Update Reserve Risk parameters quarterly.
- Lead the actuarial aspects of year-end financial audits.
- Provide actuarial expertise in project teams, ensuring initiatives are grounded in thorough analysis of benefits and risks.
- Serve as the primary contact for technical provision-related issues, particularly concerning claims reserves and past claims experience.
- Ensure all actuarial activities adhere to policies, regulatory frameworks, and standards, escalating concerns as necessary.
Qualifications and experience:
- Proven experience in reserving/technical provisions.
- FIA qualification or equivalent professional experience.
- Strong knowledge and experience in general insurance; reinsurance knowledge is advantageous.
- Experience in liaising with external auditors.
- Proficiency in Microsoft Excel, database analysis (e.g., Access or SQL), Power BI, and practical experience in at least one programming language (e.g., VBA/R/Python).
- Excellent analytical skills with the ability to focus on relevant detail while keeping sight of the bigger picture.
- Effective time management skills, capable of managing multiple tasks and conflicting priorities.
- Exceptional interpersonal skills with a track record of building relationships with diverse stakeholders.
If you're passionate about actuarial science and driving impactful decision-making in the insurance industry, please apply now
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