Jobs

Senior Reserving Actuary


Job details
  • Vallum Associates
  • London
  • 1 week ago

Actuarial Reserving Specialist – 6 month contract – Up to £1,400 per day - London


My client is a leading Lloyd's Syndicate who are looking for an Actuarial Reserving Actuary to join their team. This role is a 6 month contract, based in London with some remote capabilities, that is paying up to £1,400 per day.


Key Responsibilities

  • Contribute to the development of the reserving function, ensuring all processes operate efficiently and on time.
  • Perform reserving investigations on assigned products, ensuring accurate estimates are produced, methodologies are properly implemented, and internal and external review processes are facilitated.
  • Implement tests and validation processes to ensure the accuracy and adequacy of reserves.
  • Support effective governance processes for reserving, ensuring timely, efficient, and well-documented reporting of reserve reviews.
  • Communicate the results of reserve analyses to management.
  • Assist in the development and implementation of appropriate policies and procedures.
  • Perform quarterly close process duties, collaborating with Finance and US-based Actuarial colleagues to ensure effective operation of key controls.
  • Contribute to the production of quarterly and annual Solvency II Technical Provisions.
  • Assist in the preparation of the Technical Provisions section of the Actuarial Function report.
  • Support the parameterisation of the Internal Capital Model by assisting with the modelling of reserve risk.
  • Liaise with auditors, external actuarial consultants, and peer-reviewers as needed, under management’s direction.


Skills, Knowledge & Experience

  • Solid experience in an Actuarial discipline (Reserving, Pricing, Capital Modelling, etc.), with a preference for a background in Reserving.
  • Proven ability to take on more senior-level roles in future career steps.
  • Strong commercial acumen with a track record of collaborative work across insurance disciplines such as Underwriting, Executive Management, Claims, Finance, and Reinsurance.
  • Preference for experience in London Market, commercial, or reinsurance reserving; knowledge of Continental European markets is advantageous but not essential.
  • Deep understanding of industry reserving methodologies and issues.
  • Strong knowledge of regulatory reporting requirements and experience in delivering on those requirements.
  • Excellent communication skills, with the ability to translate complex issues into clear, insightful information for management.
  • Good understanding of insurance and reinsurance products.
  • Strong IT skills, particularly with MS Office and reserving software (preferably ResQ). Experience with SQL, Visual Basic, data visualization tools, or statistical programming languages (e.g., R) is advantageous.
  • Familiarity with predictive analytics and data science techniques is a plus.


If you would be interested in discussing this opportunity further please apply now!!!

Sign up for our newsletter

The latest news, articles, and resources, sent to your inbox weekly.

Similar Jobs

Reserving Actuarial Analyst

Reserving Actuarial AnalystA leading home & motor insurtech is looking to expand its reserving team, bringing on board an experienced actuarial analyst.This is a broad opportunity, supporting quarterly reserving, the integration of machine learning capabilities, and bespoke reserving deep dives. You will also take ownership of your work, presenting to...

Eames Consulting London

Reserving Actuarial Analyst

Reserving Actuarial Analyst A leading home & motor insurtech is looking to expand its reserving team, bringing on board an experienced actuarial analyst. This is a broad opportunity, supporting quarterly reserving, the integration of machine learning capabilities, and bespoke reserving deep dives. You will also take ownership of your work,...

Eames Consulting London

Reserving Actuarial Analyst

Reserving Actuarial AnalystA leading home & motor insurtech is looking to expand its reserving team, bringing on board an experienced actuarial analyst.This is a broad opportunity, supporting quarterly reserving, the integration of machine learning capabilities, and bespoke reserving deep dives. You will also take ownership of your work, presenting to...

Eames Consulting