Senior Reserving Analyst

Job Type:

Permanent

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Senior Reserving Analyst – Group

Reporting to the Group Reserving Actuary

London based with Hybrid working

This role will suit a part / nearly qualified reserving actuary who has spent a decent amount of time in the technical detail and now wants to broaden their horizons. Strong communication skills are a must have for this role as there is a lot of interaction with senior stakeholders.

In this less ‘traditional’ actuarial role, you will develop a breadth of expertise in areas outside of typical reserving work, including financial planning & forecasting and accounting standards & processes.

The role

As the senior analyst in the Group reserving team you’ll be working closely with the legal entity actuaries and analysts. This team is responsible for Group wide reserving policies, standards and systems and managing the quarterly group process to collate entity level analysis and communicate results to senior management and key stakeholders across the business. In this role you will have a unique vantage point to maintain an overview of, and insight into, results and key judgements across the Group.

Responsibilities

• Business partnering with key stakeholders across the business, providing new insights and add-value.
• Contribute to the delivery of group processes and papers on a quarterly basis:
  • Working closely with the owners of key processes that feed into reserving to ensure working day timetables can continue to be met.
  • Collation of entity-level reserving results into group reports and analysis.
  • Prepare Group audit committee papers.
  • Timely delivery of early-view ‘flash’ financial results for the Group CFO, including a view of prior year reserve development.
  • Coordinate and review accident year triangle analysis.

• Delivery of annual EBS BMA technical provisions and report for Group and the Hiscox Bermudian entity, to feed into the BSCR process.
• Coordination of reserve risk inputs and assumptions.
• Preparation of materials for rating analysts on Group reserves.
• Respond to ad hoc requests from management, regulators and auditors as required, including liaising with the external actuaries.
• Proactively contribute to the design and implementation of enhancements to existing processes and the creation of new reserving modeling tools and processes. This includes managing the monthly Change Control Forum to prioritise and plan reserving tool & system development.
• Contribute to the growth of intellectual capital within the actuarial department through attendance and participation in professional development initiatives and events, as well as sharing of specialised expertise with other members of the team.

A person in this position should meet the following requirements:

• Minimum 2:1 degree
• Part / Nearly qualified Actuary with a focus on reserving
• As a guide, 2-4 years of non-life industry experience

About Hiscox

As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

Diversity and Hybrid working

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.

We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance.

This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

 
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