Actuarial Analyst


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https://www.montpellier.uk.com/1718/job2021-11-16 16:31:161970-01-01 Montpellier Resourcing
Job Type Permanent
Area City, UK City UK
Sector Financial ServicesOther
Salary Up to £70k + excellent benefits
Currency GBP
Start Date
Job Ref VAC-12591
Job Views 69
Description
Specialist Lloyd's Syndicate and Members Agency, wish to strengthen their Group Actuarial Team with the addition of an Actuarial Analyst to support the internal review of systems and processes in order to ensure optimal efficiency with regard to the use of technology / automation, and MI production. This is a varied role which will offer the successful candidate exposure to reserving, capital and regulatory reporting. Applicants should be a minimum of part qualified actuary (or equivalent) with at least 1 year of recent, relevant actuarial experience (ideally within the Lloyd's market) to be considered for this position.
 
What you will be doing:
 
  • Ensuring the Group Actuarial Team’s usage of data match regulatory and statutory reporting requirements, as they develop, across reserving, capital and regulatory reporting
  • Assisting with developing existing and new processes to make use of improved data from changes in source systems and improve actuarial analyses while continuing to meet internal and external stakeholder reporting needs
  • Conducting reserving exercises for attritional and large/catastrophe claims – parameterisation of assumption, valuation of unpaid claims, production of analysis such as Actual vs Expected and production of qualitative reports.
  • Regulatory basis technical provisions including Solvency II and BMA EBS basis
  • Capital requirement calculations and projections under the Group’s and subsidiary regulatory bases (standard formulas)
  • Producing analyses and drafting for qualitative reporting such as Actuarial Function Reporting, contribution to ORSAs and reserve reporting
  • Identifying and proposing improvements to the methodology and reporting to enhance model efficiency and MI
  • Developing actuarial models and processes as improvements in source data emerge
  • Developing the models and processes to comply with changes in internal and external reporting requirements over time
  • Ensuring policies and procedures remain up to date and in line with market practice
 
 
Requirements for the role:
 
  • Part qualified actuary (or equivalent)
  • Minimum of 1 year’s relevant actuarial experience
  • Commercial general insurance markets experience including the Lloyd's and London Market
  • Ability to analyse large data sets
  • Experience of general insurance actuarial modelling methods
  • Knowledge and experience of regulatory and statutory reporting bases (e.g. Solvency II, BMA, IFRS 17) would be desirable but not essential
  • Excellent IT skills to include Microsoft Excel, SQL and MI tools such as Power BI is beneficial
  • Excellent communication and organisational skills with the ability to build relationships across the business and work to strict deadlines
  • Flexibility to work extended hours and travel overseas when required
 
 
This is a fantastic opportunity where the successful candidates will have the opportunity to develop skills within the actuarial space as well as broaden their Lloyd's business knowledge in general.
 
This vacancy is being advertised by Montpellier Resourcing Limited. The services advertised by Montpellier Resourcing Limited are those of an Employment Agency.
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10 Devonshire Square
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EC2M 4YP
Tel: 020 7036 0361
info@montpellier.uk.com

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