Senior Actuarial Analyst

£70000 per annum + 25DAYS Holiday and bonus
30 Sep 2016
23 Oct 2016
Contract Type
Your Complete Quarterly and year-end reserve reviews and valuations using appropriate actuarial methods, including ultimate loss ratio and run-off triangle techniques. Perform necessary reconciliation checks. Report justification of reserving methodology, assumptions and results to Finance, Auditors, Executive Directors and Mutual Boards and develop rating structure / pricing algorithms for existing and new products to appropriately manage risk and improve price competitiveness. Document rating and underwriting requirements for underwriting scheme builds in the Policy Administration System and develop test plans for the initial underwriting build and subsequent monthly rating changes and coordinate testing feedback to system implementers. Create models for portfolio analysis and monitoring, to deliver insight into the key drivers of business performance. Collaborating with underwriting and finance as appropriate, to make recommendations on rating changes to improve profitability and drive growth. Design and maintain reports that provide useful claims and underwriting information (e.g. Claims Triangulation Reports) to management and other stakeholders including re-insurers and Mutual Boards. Create models using stochastic and deterministic approach as appropriate, to determine the optimum re-insurance structure for new and existing mutuals and Present the results of financial and actuarial modelling (e.g. premium spend, claims history, profitability) to clients and investors to help secure new business and development. Review external actuarial advice, e.g. annual liablity valuation and present to Senior Management, review technical elements of Management Accounts and review technical assumptions for business planning. Allocation and scheduling of work and coaching of Actuarial Analysts to ensure team objectives are achieved and disruptions caused by leave and training are minimised and completion and review IBNR and doubtful claims MI to understand and manage future liabilities. To be suitable for this role you will already have the follow experience: University degree or higher, with strong background in mathematics, statistics or economics or similar numerate subject. Part-qualified and student member of the Institute & Faculty of Actuaries, or equivalent professional actuarial association. Competent knowledge/user of MS Excel with strong analytical skills and attention to detail. Highly numerate with a sound conceptual capability and structured thinking. Strong command of actuarial techniques and detailed knowledge of actuarial models, including stochastic. At least three years' experience in personal or small commercial lines reserving preferably including expertise in management information, financial close processes, and reserving process management and governance. Experience of product development and operational implementation an advantage. Initiative, self-motivation and flexibility are essential Ability to communicate confidently and effectively on technical topics to a wide range of audiences and to influence cross functional business decision making. Experience of mentoring and coaching junior actuaries. Self-starter with the ability to multi-task, priorities issues and work effectively under pressure. Organised and methodical approach to work planning. Understanding of reinsurance. Don't Delay Hit Apply Today Parkside Recruitment Ltd is acting as an Employment Agency in relation to this vacancy. Parkside Recruitment is an Equal Opportunities Employer. This job was originally posted as