Group/Head of Reserving

2 weeks ago


London, United Kingdom The Emerald Group Full time

Reporting to the Group Chief Capital and Reserving Actuary, the role holder is responsible to deliver on a day-to-day basis for delivering in a timely manner reserving relevant information to the actuarial function holder, Chief Actuaries, AFH and reserving committees within the group, either directly or via service delivery SLAs in a timely manner.

  • Location: London/Hybrid
  • Category: Non-Life
  • Type: Permanent

Key duties (including, but not limited to):

  • Lead the development and expansion of the overall Group Reserving strategy
  • The group wishes to inhouse certain aspects of the reserving process over time
  • Meet all reserving and regulatory requirements for the group as part of BAU. This will include reporting to Lloyd’s, PRA, MFSA and on a Solvency Basis. IFRS 17 reporting is unlikely, but knowledge would be an advantage
  • Build and lead the reserving team. The candidate will be required to support the development of the junior reserving staff and encourage their growth and career progression
  • Develop and provide relevant high-quality reporting and management Information to stakeholders on both a continuous BAU basis, and ad hoc
  • Build relationships, liaise and work closely with internal and external parties as required
  • There will be heavy interaction with the outsourced reserving actuaries, claims team, group finance, auditors, regulators (incl. Lloyd’s, PRA, MFSA etc), entity boards etc
  • Attend and contribute to meetings of committees/boards
  • Close corporation with the capital modelling team is expected
  • Maintain an appropriate level of continued professional development
  • Implement industry best practice in relation to reserving standards
  • Qualified Actuary (Fellowship level) with a recognised actuarial body
  • Lloyd’s market experience and several years of reserving experience are essential
  • Sound knowledge of actuarial reserving methodologies, approaches and industry best practice
  • Knowledge in the capital modelling space is an advantage
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