Reserving Analyst

About us

Avencia Consulting are working with a leading Specialty Reinsurance, who are looking for a Reserving Analyst to join their Dublin team.

The role

This role will join a growing team reporting to the Ireland Head of Actuarial Function. The analysis will provide exposure to a broad range of lines including innovative products, and work closely with underwriters, pricing and reserving actuaries and CAT modellers, both in the Irish and UK offices. The wider actuarial team works closely together providing opportunities to develop skills across functions. This is an excellent opportunity for somebody who is keen to learn and progress in their actuarial career through immediate exposure to a variety of actuarial work within an exciting and fast-paced environment.

Key accountabilities

Assist in all aspects of actuarial workstreams, focusing primarily on:

• Supporting the Ireland HoAF and wider actuarial team:
  • Quarterly report writing, including Actuarial Function Report and review of ORSAs.
  • Support in the overview of actuarial pricing including deep-dives into different classes of business.
  • Assist in the quarterly reserving process and ad-hoc analyses.
  • Assist with SII capital analysis as well as internal capital model analysis

Support project work such as:

• The continuing development of data processes and structures
• Developing analytics dashboards and support with the HoAF oversight of pricing, reserving and capital modelling.

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

Main Responsibilities

• Support the Ireland Head of Actuarial Function
• Contribute to the quarterly reserving process
• Contribute to the overview of actuarial pricing including deep-dives
• Assist with capital management and internal capital model uses
• Drafting reports and packs
• Developing an understanding of lines of business through interaction with underwriters, claims and pricing actuaries

Skills & experience

• Part / Fully 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 general insurance pricing, reserving or capital modelling is preferable.
• Experience in data manipulation and construction of data processes
• 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.