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Job ID: 39137
Job Openings by Title Assistant Reserving Actuary
Location England
Description:
Position: Assistant Reserving Actuary
 
Company: Insurance			
 	
Location: England
 	
Job ID: 39137
 
Responsibilities:
-Perform the quarterly reserving and trust fund valuations for various lines of businesses
-Maintain evidence of valuation assumptions
-Perform the necessary reconciliation checks to provide assurance on the valuation outputs
-Contribute to reporting the results of actuarial valuations and analyses to the relevant stakeholders and committees
-Work with the reserving actuaries on the calculation and communication of reserve uncertainty/ranges
-Perform the quarterly technical provisions valuations and validations, adhering to the required standards and ensuring technical provisions deliverables are met
-Perform the quarterly technical provisions valuations and validations, adhering to the required standards
-Contribute to the technical provisions section of the actuarial function report
-Work with teams to produce and reconcile the data for the valuation processes
-Contribute to the maintenance of reserving and technical provisions documentation with the required frequency, adhering to the review requirements and obtaining the appropriate sign-offs
-Support the work of external actuaries as required
-Assist in other projects undertaken by the actuarial team 
-Build and maintain constructive working arrangements with those groups identified as being key to your role
-Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives
-Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
-Contribute to improving the valuation processes and methodologies
-Undertake applicable professional, technical and career development training to include attainment of associated qualifications where required.

Qualifications:
-University degree in Mathematics or related field
-Progressing towards an actuarial qualification
-General commercial and financial knowledge
-Experience with ResQ reserving software preferable
-Competent user of MS Excel; VBA, Access, SQL, SAS, WPS and R skills desirable
-Strong analytical skills with attention to detail; accurate and numerate
-Able to communicate effectively both verbally and in writing
-Team worker as well as able to work on own initiative
-Ability to manage time, work on a number of tasks in parallel, meet deadlines and prioritise
-Reserving experience; Lloyd’s market knowledge desirable
-Knowledge of technical provisions for Solvency II preferred
-Command of basic actuarial techniques
-Understanding of reinsurance
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