Senior Actuarial Analyst - Reserving

Senior Actuarial Analyst - Reserving

Department: Actuarial

Employment Type: Permanent - Full Time

Location: London

This is a role for a part-qualified actuary (or equivalent) with General Insurance reserving experience, preferably with commercial lines or specialty lines exposure. The successful candidate will be reporting to the LSL Head of Reserving and will be part of an established and training-focussed reserving team. Initially, the successful candidate will be supporting the Reserving Actuaries for LSL Syndicates 2010 and 3010 with scope to expand into a more Group focussed role as the Actuarial Function looks to align reserving systems and processes across the Lancashire Group.

Study support will be provided to a successful candidate to complete the actuarial exams. We also welcome applications from candidates who have chosen not to sit the actuarial exams.

• Lloyd’s, UK GAAP, Solvency II, US Trust Fund and Accident Year reserving best estimate and booked calculations.
• Quarterly reserving documentation, presentation packs and reports.
• Support and discuss reserving related issues with underwriting, reinsurance, finance and claims functions.
• Liaise with the business to derive initial major loss estimates.
• Assist in the review and implementation of reserving process enhancements.
• Undertake portfolio analysis to support reserving investigations.

• Assist Finance in the production of Lloyd’s quarterly and annual management returns.
• Assist in the production of Technical Provisions component of the annual Actuarial Function Report.
• Maintenance of associated reserving frameworks and policies.
• Liaise with external SAO actuaries and auditors.

• Good knowledge of actuarial reserving techniques and models on Lloyd’s, UK GAAP and Solvency II bases.
• A minimum of 2 years’ experience of reserving, ideally within a London Market environment.
• Minimum of a second-class degree in a mathematical or science-based subject as well as good ‘A’ Levels (or equivalent) including at least one mathematical subject.
• Excellent IT skills, in particular MS Office and SQL.
• Strong analytical, technical and presentational skills to enable the results of Actuarial analyses to be communicated to a non-actuarial audience.
• Excellent attention to detail.
• Good written and verbal communication skills.
• Problem‑solving skills and project management skills.
• Excellent interpersonal skills, as there will be a high level of communication required both within the firm and with external bodies.

• Some knowledge of capital modelling, IFRS
  17 and/or pricing.
• Experience with Power BI, Psicle and/or ResQ.