P&C Reserving Actuary

The successful candidate will assist in all aspects of P&C Corporate Actuarial work. 
 
As part of a combined Risk and Actuarial team this is a challenging and varied role with exposure across a range of topics including underwriting reviews and the internal capital model in addition to the traditional reserving tasks which cover a large range of product lines and global regions. The candidate should have an inquisitive mind-set, strong technical and influencing attributes, and excellent communication skills. 
 
Working with an excellent team you will be provided the opportunity to enhance your skill set and gain experience in a wide range of areas.
 
Duties & Responsibilities:
 
Reserving – Solvency II 
 
You will be responsible for the corporate actuarial tasks for the P&C business, specifically: 

• Production of quarterly Best Estimate Liability for Solvency II reporting including sign-off documentation and management reporting information
• Annual reserve analysis for the ENIDs provision
• Support the Audit and processes
• Co-ordination of external reserve reviews
• Contribution to the P&C Actuarial Report on Technical Provisions (ARTP), incorporating the opinions on underwriting policy and reinsurance
• Review of all P&C specific Quantitative Reporting Templates for Solvency II regulatory reporting
• The P&C section of the Regular Supervisory Report and Solvency and Financial Condition Report

Reserving – IFRS 17 
 
The role will include the analysis of the IFRS 17 reporting framework for both the internal business and the third party structured business. The nature of our P&C business requires detailed analysis and thought in order to implement IFRS 17 in an efficient and workable manner.    
 
Contribution to Risk and Capital Management

• Independent review of the underwriting department’s assumptions and modelling of new treaties and treaty renewals
• Annual validation of the P&C module of the Internal Capital Model including design, calibration and process
• Contribution to the ORSA through projection of movement in Solvency II Own Funds from projected changes in P&C Technical Provisions
• Provision of data to group internal model department for the calculation of the Economic Capital Model results for P&C premium and reserve risk

Education and Experience:

• P&C Reserving experience, either from the domestic or international industry
• Part- to Nearly-Qualified actuary
• Track record in developing and implementing solutions and influencing

Skills:

• Exceptional technical skills
• Strong verbal and written communication skills, with an ability to present solutions in a clear and concise manner
• Highly organised and strong time management skills, with an ability to manage workload and competing priorities and deadlines

Person Specification:

• Critical thinker, challenges current business practices and thinks outside the box, and an ability to identify shortfalls and present solutions
• Highly analytical individual capable of forming supportable opinions and suggestions from detailed reviews
• Ability to challenge with assertiveness and influencing skills
• Applies initiative and demonstrates accountability for own role

Please contact [email protected] or 016099404 for further information.

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