Lead Project Reserving Actuary

Job Summary

This role involves representing the Actuarial Reserving team in a variety of strategic business projects, working within a collaborative and high-performing international team.

Key Responsibilities

Technical Responsibilities

• Lead projects initiated by the Actuarial Reserving team.
• Act as the representative for the Reserving team in group-wide projects.
• Manage relationships with auditors and external actuaries, including reviewing and challenging analyses as necessary.
• Perform calculations related to group reinsurance covers.
• Oversee the construction of loss development triangles for reporting and accounts.
• Lead performance-related pay (PRP) analysis.
• Build and maintain constructive working relationships with key stakeholders.
• Mentor and provide support to assistant reserving actuaries, with potential line management responsibilities.
• Peer-review work to ensure quality and accuracy.
• Act as a technical expert and trusted advisor on reserving and related matters.
• Ensure the maintenance of documentation, adhering to review requirements and obtaining necessary approvals.
• Stay updated on industry best practices, regulatory changes, and new initiatives.
• Identify and implement improvements in valuation processes and methodologies.
• Pursue applicable professional, technical, and career development training.

General Responsibilities

• Demonstrate professionalism, integrity, and a solution-focused approach in all interactions.
• Adhere to organisational policies, codes of conduct, and compliance standards.
• Actively participate in training programs, including policy, compliance, and professional development training.
• Ensure customer interactions prioritize fair outcomes and the suitability of products and services.
• Fulfill additional responsibilities as required, such as participating in committees or working groups.

Person Specification

Education and Qualifications

• University degree in Mathematics or a related field.
• Professional actuarial qualification.

Skills and Abilities

• Strong analytical skills with attention to detail and accuracy.
• Competence in MS Excel; familiarity with ResQ software preferred.
• Knowledge of VBA, Access, SQL, SAS, WPS, R, and Python is advantageous.
• Effective verbal and written communication skills.
• Ability to manage multiple tasks, prioritize, and meet deadlines.
• General understanding of commercial and financial concepts.

Knowledge and Experience

• Experience in reserving; knowledge of the Lloyd’s market is a plus.
• Familiarity with technical provisions for Solvency II is preferred.
• Proficient in fundamental actuarial techniques.
• Understanding of reinsurance.
• Project management experience is desirable.

Aptitude and Disposition

• Outcome-focused, self-motivated, and enthusiastic.
• Flexible and professional approach to engaging with team members and stakeholders.

Competencies

• Achievement and solution-oriented mindset.
• Strong information-seeking and analytical skills.
• Effective stakeholder management.
• Initiative-driven, reliable, and responsible.