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Reserving Manager / Actuary, Kent
- UK - Kent
- £70000 per annum + bonus, profit share, pension
- Full-Time Permanent
- Insurance - Insurance
- Hays Insurance & Financial Services
- 03-12-08
Job Description
-Manage and deliver consistent, timely and accurate actuarial reviews for the household business portfolios of the Division including creditor, pet and travel by legal entity and management entity.
-Report on the reserve margins gross and net of reinsurance by legal entity and where possible management entity.
-Forecast loss ratios to support quarterly forecasting and yearly budgeting process by management entity (forecast loss ratios for the full year for current year at every review + forecast loss ratios for next year once after H1 period).
-Explain and communicate findings and insights in decisive and business relevant terms to the multiple business stakeholders and the Technical Services community.
-Ensure that key claims issues are identified and explained, suggesting options to mitigate where appropriate;
-Ensure Insurance Analysis' effective participation in the annual forecasting and planning process, and at other times as required;
-Support the development, implementation and maintenance of a comprehensive monitoring system, including regular reporting, in respect of all areas of insurance risk, including claims performance, pricing strength, risk aggregation and so on;
-Enable the exploration of new data sources that can contribute to and support the above and liaise with external bodies other businesses, academics, consultants and other professionals to keep abreast of developments in actuarial and related fields.
-Develop self in order to maximise personal contribution to the job.
-Focus on costs, process improvements and/or efficiency to contribute to the profitability of the Group.
-Reinforce the culture and values of the firm through appropriate behaviours and actions.
-Develop an environment that supports the management, motivation and development of the team to maximise the achievement of the business, individuals and objectives.
The vacancy has a basic salary of up to £70,000, plus the following side benefits:
-profit share = 10% of basic salary
-discretionary bonus = up to 20% of basic salary
-pension contribution = 21% of basic salary, which can be taken as cash
As a rough guideline, assuming a profit share of 10% and a bonus of 10%, the total cash value of a £70,000 basic is
£70,000 (basic)
£7,000 (profit share)
£7,000 (disc bonus)
£15,000 (pension)
= £99,000 package
Requirements
Ideally UK qualified actuary or part qualified actuary with relevant experience;
• Ability to motivate and lead team, manage deadlines, set priorities and deliver effective actuarial advice and analysis
• Experience of operating at senior Executive level across a variety of general insurance disciplines.
The Individual
Delivering Business Success Level
• Achieving Excellence 4
Providing Direction
• Influencing 3
• Inspiring 3
• Communicating 3
Working With People
• Building Understanding & Trust 3
• Developing People 3
• Collaborating for Success 3
Creating Solutions
• Gathering Information 4
• Understanding Issues 4
• Finding Solutions 3
-Report on the reserve margins gross and net of reinsurance by legal entity and where possible management entity.
-Forecast loss ratios to support quarterly forecasting and yearly budgeting process by management entity (forecast loss ratios for the full year for current year at every review + forecast loss ratios for next year once after H1 period).
-Explain and communicate findings and insights in decisive and business relevant terms to the multiple business stakeholders and the Technical Services community.
-Ensure that key claims issues are identified and explained, suggesting options to mitigate where appropriate;
-Ensure Insurance Analysis' effective participation in the annual forecasting and planning process, and at other times as required;
-Support the development, implementation and maintenance of a comprehensive monitoring system, including regular reporting, in respect of all areas of insurance risk, including claims performance, pricing strength, risk aggregation and so on;
-Enable the exploration of new data sources that can contribute to and support the above and liaise with external bodies other businesses, academics, consultants and other professionals to keep abreast of developments in actuarial and related fields.
-Develop self in order to maximise personal contribution to the job.
-Focus on costs, process improvements and/or efficiency to contribute to the profitability of the Group.
-Reinforce the culture and values of the firm through appropriate behaviours and actions.
-Develop an environment that supports the management, motivation and development of the team to maximise the achievement of the business, individuals and objectives.
The vacancy has a basic salary of up to £70,000, plus the following side benefits:
-profit share = 10% of basic salary
-discretionary bonus = up to 20% of basic salary
-pension contribution = 21% of basic salary, which can be taken as cash
As a rough guideline, assuming a profit share of 10% and a bonus of 10%, the total cash value of a £70,000 basic is
£70,000 (basic)
£7,000 (profit share)
£7,000 (disc bonus)
£15,000 (pension)
= £99,000 package
Requirements
Ideally UK qualified actuary or part qualified actuary with relevant experience;
• Ability to motivate and lead team, manage deadlines, set priorities and deliver effective actuarial advice and analysis
• Experience of operating at senior Executive level across a variety of general insurance disciplines.
The Individual
Delivering Business Success Level
• Achieving Excellence 4
Providing Direction
• Influencing 3
• Inspiring 3
• Communicating 3
Working With People
• Building Understanding & Trust 3
• Developing People 3
• Collaborating for Success 3
Creating Solutions
• Gathering Information 4
• Understanding Issues 4
• Finding Solutions 3
- Michael Stefan
- 191749
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