Senior Reserving Expert
6 days ago
Hiscox is a specialist insurer that focuses on its key areas of expertise and strength. We encourage our employees to challenge convention and find innovative solutions.
The RoleWe are looking for a Senior Reserving Analyst who will work closely with the legal entity actuaries and analysts in the Group reserving team. This team is responsible for Group wide reserving policies, standards and systems and managing the quarterly group process to collate entity level analysis and communicate results to senior management and key stakeholders across the business.
The successful candidate will have a unique vantage point to maintain an overview of, and insight into, results and key judgements across the Group. They will be responsible for business partnering with key stakeholders across the business, providing new insights and add-value.
Responsibilities- Business partnering with key stakeholders across the business, providing new insights and add-value.
- Contribute to the delivery of group processes and papers on a quarterly basis:
- Coordinate and review accident year triangle analysis.
- Delivery of annual EBS BMA technical provisions and report for Group and the Hiscox Bermudian entity, to feed into the BSCR process.
- Coordination of reserve risk inputs and assumptions.
- Preparation of materials for rating analysts on Group reserves.
- Respond to ad hoc requests from management, regulators and auditors as required, including liaising with the external actuaries.
- Proactively contribute to the design and implementation of enhancements to existing processes and the creation of new reserving modeling tools and processes. This includes managing the monthly Change Control Forum to prioritise and plan reserving tool & system development.
- Contribute to the growth of intellectual capital within the actuarial department through attendance and participation in professional development initiatives and events, as well as sharing of specialised expertise with other members of the team.
- Minimum 2:1 degree
- Part / Nearly qualified Actuary with a focus on reserving
- As a guide, 2-4 years of non-life industry experience
The estimated salary range for this role is £60,000 - £80,000 per annum, depending on experience.
BenefitsHiscox offers a range of benefits, including hybrid working, a competitive salary, and opportunities for professional development.
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