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Reserving Actuary

Business Role Type
Business Support Role
Business Support Departments
Finance
Location
Cardiff
External Closing Date
15/04/2019

This vacancy has now expired, and is not accepting any new applications.

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Admiral Group is currently recruiting for a part / nearly qualified actuary to join our Reserving team within our Head Office in Cardiff.  This is an ideal opportunity for someone who is looking to apply the knowledge and skills they have learnt over the years in a reserving capacity of a general insurer to a fresh new environment – one which will challenge but ultimately reward you with responsibility for leading key projects.

The Role:

This role will be based in our Actuarial team within Group Finance, and reports to the Senior Reserving Actuary.   As a key part of our reserving team, you will be expected to contribute from day one – coming up to speed on the business and our existing processes and supporting our reserve reviews.  With the ever-changing external environment, it is a great time to be working within the reserving team of a UK leading motor insurer.

The flat management structure and increasingly global reach of Admiral Group means you gain invaluable direct contact with Senior Managers and Directors from across many departments.

Key Responsibilities:

  • Play a key role within our internal reserving review for Motor and Household
  • Help manage the engagement of our external Motor reserve review
  • Support the development of our review work on smaller products
  • Play a hands-on role in all reserving tasks, including the calculation and review of Solvency II technical provisions
  • Support the ongoing development of our PPO data monitoring and valuation model development
  • Support the delivery of our regular MI packs and quarterly reports
  • Take a proactive role in building upon standard actuarial techniques given the uncertain claims environment
  • Continue to build upon established relationships with our claims and pricing departments on key reserving matters
  • Closely interact with our capital team to assist with regular capital assessments, and feed into model developments and model use
  • Work with our reinsurance manager on excess of loss reinsurance and its impact on our reserves
  • Work alongside our “line two” to assist their review and challenge
  • Support Group reserving, sharing UK best practice and understanding the different issues across our multinational business
  • Support the wider Group Finance team with the ongoing preparations for IFRS17 implementation

Skills and Experience:

  • Nearly / Newly Qualified actuary – ideally 3-5 years reserving experience
  • Excellent project management and time management skills
  • Proficient in spreadsheet tools (e.g. Microsoft Excel and Access) with experience of VBA and SAS an advantage
  • An eye for detail – not afraid of getting into the detail behind the data/calculations to challenge or be challenged
  • Experience of reserving within personal lines general insurance, including UK Motor
  • Good knowledge of Solvency II, including technical provisions
  • Excellent communication, relationship and presentation skills – to senior management and non-actuarial colleagues in particular
  • Excellent academic background and strong numerical and analytical skills
  • Experience of using RESQ software beneficial
  • Good understanding of external motor market developments e.g. Civil Liability Bill

 

About Admiral

Our success goes hand-in-hand with having a strong culture where we put our people and customers first. Our philosophy is simple yet effective: people who like what they do, do it better, and this, in turn, means that our customers receive the level of service and products that they deserve. Our culture is honest, open and wholeheartedly focused on four key areas: Communication, Equality, Reward & Recognition, and Fun.

The Recruitment Officer looking after this role is Laura Pengilly. If you’d like to know any more about the position, please feel free to drop her an email laura.pengilly@admiralgroup.co.uk or give her a call on the Recruitment line - 0800 118 1619.  

At Admiral, we are proud to be a diverse business where we put our people and customers first. We understand that a good work life balance is important, and we want you to have an element of freedom to define a working lifestyle that supports this. We are happy to talk about flexible working. 

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