Reserving Actuary

Are you an Actuary or a Senior Actuarial Analyst with experience in reserving?

The role can be based from our Crawley or Maidstone offices, working to a hybrid model between home and office. Travel to London office will be required as and when relevant to business needs.

You will support the Chubb Global Markets (CGM) reserving function which covers all classes of business written in the London Market. This is a key role joining a current team of five and reporting directly to the CGM Reserving Manager/Deputy Manager.

Reserving is the primary purpose of the role and three are regular opportunities to work with actuarial colleagues in the Pricing, Planning and Capital Modelling teams.

We have responsibility for reserving across CGM business written by the Chubb Syndicate and London Market company, including Accident & Health, Aviation, Energy, Political Risks, Marine, Financial Lines, Terrorism, International Casualty, Environmental Liability, Tech Risks and Property.

We undertake quarterly reserving analyses with regular communication across business areas including Underwriting, Claims, Actuarial, Finance and Snr management.

**Key responsibilities**:
Reserving

Support the quarterly reviews of premium, loss and expense reserves on specified lines of business, generally for the purposes of US GAAP reporting. This process includes the calculation of an actuarial central estimate and the incorporation of management’s best estimate.

Prepare quarterly reserve analysis presentations for business/underwriting management.

Perform and present the results of ad-hoc reserving analyses.

Support the communication of reserve review results, including presentation to executive management, group actuarial department and finance department.

Support the Solvency II Technical Provisions quarterly calculation process including analysis of change investigations and present results to management.

Possibility to support the annual reserve risk parameterisation process including analysing model results

Provide support to the Solvency II Technical Provision and Reserve Risk processes in producing quarterly and annual Solvency reporting to Lloyd’s and other regulatory reporting relating to reserves and capital

Planning/pricing

Support the bi-annual loss ratio planning processes, in particular to ensure that the outputs and insight from the reserving process are appropriately reflected in planning exercises.

Reporting

Support the reserving team’s management and statutory reporting requirements with the relevant authorities e.g. PRA, Lloyd’s, ACPR.

Support external consultant’s and auditor’s independent analysis of reserve adequacy and reserving methods.

Ensure reserve analyses and results communication are always carried out in line with the required control environment, eg SOX

Creating and maintaining relationships with senior members of the underwriting, claims and finance functions is also a key requirement for the role

**Qualifications**:
Key skills & requirements

Close to or attained the equivalence of a fellowship from a professional actuarial body or be able to demonstrate a sufficient level of proven experience.

Relevant Reserving experience in a similar role

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