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Senior Reserving Actuary UK - Hybrid or remote from UK

Posted 2024-11-07

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💎 Seniority level: Senior, Several years of post-qualification experience

📍 Location: UK

🔍 Industry: Insurance

🏢 Company: Wakam

🗣️ Languages: English

⏳ Experience: Several years of post-qualification experience

🪄 Skills: Data AnalysisData analysisCommunication SkillsAnalytical SkillsCollaborationMicrosoft ExcelProblem Solving

Requirements:
  • Qualified Actuary with a UK qualification (FIA, FFA, or equivalent).
  • Several years of post-qualification experience.
  • Experience in reserving for non-life (P&C or retail) insurance, including home, motor, pets, and personal lines.
  • Proficiency in MS Office Tools and experience with actuarial reserving software.
  • Excellent verbal and written communication skills.
  • Ability to explain complex concepts to non-technical stakeholders.
  • Diplomatic, agile, innovative thinker, flexible, and adaptable.
Responsibilities:
  • Determine the level of profitability at the partner level, providing insights to support business decisions.
  • Support the underwriting team in improving terms and conditions for Wakam.
  • Provide timely input to the finance function to produce periodic management accounts.
  • Deliver the technical provisions for Solvency Capital Calculation.
  • Work closely with the Claims and Reinsurance teams to support profitability and achieve desired results.
  • Collaborate with other departments to ensure the accuracy and adequacy of reserves.
  • Develop and maintain reserving models and methodologies, identifying areas for improvement.
  • Stay updated on regulatory developments and industry best practices related to reserving.
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