The Actuarial Analyst will provide actuarial input and analyses for Coverys London’s clients and the Group as required.
ROLE RESPONSIBILITIES
Reserving
Assist in the quarterly reserving process.
Use statistical methods to estimate ultimate claims liabilities, implementing various actuarial techniques where required.
Support the development and improvement of reserving processes and analyses.
Partner with finance and IT to improve data accuracy and support data quality checks.
Identify trends in claims experience and provide insights on emerging risks and potential reserve deficiencies.
Pricing
Portfolio profitability analysis
Assumption setting
Maintenance and calibration of pricing models
Individual risk experience rating
Build relationships with Underwriting and Claims, as well as the US Actuarial Team
Maintain KPIs reporting as required
Other duties as required by the business
Solvency UK, Reporting and Regulatory
Produce Solvency UK Technical Provisions
Support the quarterly and annual reporting process
Calculate Solvency UK Standard Formula on a quarterly basis
Produce documentation and ensure compliance with Technical Actuarial Standards and Solvency UK.
Provide input to any other Solvency UK reporting requirements (such as ORSA or SFCR).
The role also requires compliance with any applicable UK or International statutory or regulatory obligations. This includes but is not limited to obligations arising from:
The prudent management of the business
Placing due regard on the interests of customers
Observing rules on sanctions and financial crime
Regulatory requirements and local licensing restrictions
To ensure risk management and maintainence of a robust control environment is incorporated into the day-to-day responsibilities of the role. This includes but is not limited to:
Ensuring the effective design and operation of controls within their function.
Identifying risks, risk events and issues arising in their business area and reporting these as necessary.
Participate in risk management activities/processes as required of the role.
TECHNICAL SKILLS / KNOWLEDGE / EXPERIENCE
The successful candidate will be:
A partly qualified actuary
A minimum of 2 years actuarial experience
Have excellent IT skills, especially in Excel and other Microsoft Office packages. Preferably in SQL and RStudio.
Non-life experience preferably in London.
Display excellent analytical skills and be highly numerate.
Maintain a high level of accuracy in their work.
Have excellent communication and interpersonal skills.
Ability to multi-task, work flexibly and perform well under pressure.
Be able to work independently with supervision where necessary.
Maintain a high standard of professionalism.
If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!
