Reserving Analyst

About us

Avencia consulting are recruiting a Reserving Analyst on behalf of a global re/insurance provider.

The role

This role will join a growing team reporting to Reserving Manager in the Actuarial team. The analysis will provide exposure to a broad range of lines including innovative products, and work closely with underwriters, pricing actuaries and CAT modellers, across the UK, Irish and Bermuda offices. The wider actuarial team works closely together providing opportunities to develop skills across functions.

Assist in all aspects of the reserving function:
*Quarterly tasks such as setting assumptions, calculating reserves and associated reporting
*Annual work such as reserve parameterisation

Support project work such as:
*The continuing development of data processes and structures
*Developing analytics dashboards and reporting for monitoring within the reserving team and
communication to the wider business.

Working across all three of our business pillars: Bespoke, Reinsurance and Specialty.

Key accountabilities

*Support the Group Chief Actuary and Reserving Managers with quarterly reserving
*Contribute to the calculation of quarterly reserves set
*Contribute to natural catastrophe loss process
*Setting of reserve variability parameters
*Improve the reserving process for efficiency and enhanced reporting
*Drafting reports and packs
*Developing an understanding of lines of business through interaction with underwriters, claims and pricing actuaries

Skills & experience

*Part qualified with IFOA or equivalent
*Bachelor's degree, preferably in Mathematics, Science, Economics or other numerical degree
*Strong intellectual and mathematical acumen, demonstrated by excellent academic results
*Experience in reserving in the London or Bermudan markets e.g.

oSetting IELR and development pattern assumptions
oSetting of Large / Natural Catastrophe estimates
oMethod selection
oAvE Analysis
oJustifying and documenting movements

*Experience in drafting reports on reserving topics e.g. reserve committee, board papers and
actuarial function reports.
*Strong Excel skills
*High attention to detail with the ability to multi-task and prioritize own work against needs of
business
*Strong critical thinking, ability to interrogate data successfully and provide challenge when
required
*Ability to work effectively both independently and within a team
*Ability to deliver high quality work within tight deadlines
*Flexibility to work extended hours during busy periods
*Added benefit but not essential: Experience in VBA, SQL, Analytics software such as Power BI,
Spotfire, Tableau.

Other

For any questions or to review the full job specification, please contact: