Reserving Actuary
2 weeks ago
Actuarial Reserving Specialist Role
Vallum Associates is seeking an experienced Actuarial Reserving Specialist to join our team. This role is a 6-month contract based in London with some remote capabilities, offering up to £1,400 per day.
Key Responsibilities
- Contribute to the development of the reserving function, ensuring efficient and timely processes.
- Perform reserving investigations on assigned products, ensuring accurate estimates and methodologies.
- Implement tests and validation processes to ensure reserve accuracy and adequacy.
- Support effective governance processes for reserving, ensuring timely and well-documented reporting.
- Communicate reserve analysis results to management.
- Assist in developing and implementing policies and procedures.
- Perform quarterly close process duties, collaborating with Finance and US-based Actuarial colleagues.
- Contribute to quarterly and annual Solvency II Technical Provisions.
- Assist in preparing the Technical Provisions section of the Actuarial Function report.
- Support parameterisation of the Internal Capital Model by modelling reserve risk.
- Liaise with auditors, external actuarial consultants, and peer-reviewers as needed.
Skills, Knowledge & Experience
- Solid experience in Actuarial discipline (Reserving, Pricing, Capital Modelling) with a preference for Reserving.
- Proven ability to take on senior-level roles in future career steps.
- Strong commercial acumen with a track record of collaborative work across insurance disciplines.
- Preference for experience in London Market, commercial, or reinsurance reserving; knowledge of Continental European markets is advantageous.
- Deep understanding of industry reserving methodologies and issues.
- Strong knowledge of regulatory reporting requirements and experience in delivering on those requirements.
- Excellent communication skills with the ability to translate complex issues into clear information.
- Good understanding of insurance and reinsurance products.
- Strong IT skills, particularly with MS Office and reserving software (preferably ResQ).
- Familiarity with predictive analytics and data science techniques is a plus.
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