Overview
Key Duties (Including but not limited to):
1. Develop and implement a robust, independent reserving framework tailored to the MGA’s needs.
2. Perform regular independent reserve reviews to assess the adequacy of reserves held by insurers.
3. Introduce innovative reserving approaches, leveraging automation and advanced analytics to enhance accuracy and efficiency.
4. Collaborate closely with pricing, underwriting, claims and finance teams to ensure a holistic understanding of portfolio performance.
Qualifications required:
5. Fellowship or near-fellowship of a recognized actuarial body (e.g., IFoA, SOA, CAS).
Experience required:
6. Strong technical expertise in reserving methodologies, particularly within general insurance; minimum 5-8 years of experience in general insurance reserving, ideally with exposure to both insurer and MGA environments.
7. Proficiency in actuarial software and programming tools (e.g., ResQ, R, Python, or equivalent).
8. Comfortable extracting, manipulating and engineering data in SQL and R
9. Good understanding (and ideally some hands-on experience) of price modelling techniques like GLMs and machine learning to be able to challenge their validity