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Are you a current actuarial trainee or recent graduate looking for a varied P&C actuarial reserving role at a top global Reinsurer? If so, we want to hear from you!
About the role
We are looking for an ambitious actuarial trainee to join our team in performing quarterly actuarial P&C reserve calculations.
You will have the opportunity to
- Work with an internally developed actuarial reserving tool (SPIRE), apply the various actuarial reserving methods to reserving portfolios and decide on the most appropriate reserves for the financial accounts,
- Estimate nominal ultimate claims and their pay-out patterns, digging deeper into portfolios as required to identify segments needing specific focus and separate monitoring,
- Support the reserving of individual non-traditional structured deals, with a focus on understanding deal-specific terms and conditions and key interactions with other deal stakeholders,
- Challenge costing accuracy, contribute to reporting and build a deep understanding of non-traditional structured reinsurance in particular,
- Interact with other functions such as Underwriting, Claims, Technical Accounting and Finance as well as with senior management and build trustful long-term relationships,
- Support legal entity and IFRS work as required,
- Support actuarial-related projects and systems development.
About the team
The London Hub EMEA Actuarial & Reserving team consists of 7 actuaries with diverse backgrounds. We value a good team and collaborative spirit. We frequently interact with a large number of stakeholders from different functions. Therefore, we value strong communication skills just as highly as strong technical expertise. Our London Hub reserving team takes responsibility for a number of key portfolios including all Global Marine and Aviation business and all EMEA non-traditional structured deals (across all lines of business). In addition, we support multiple XFT Portfolio Steering teams and provide Legal Entity and Branch reporting activities.
About you
We are looking for an open-minded, trustworthy and enthusiastic team player who can engage in challenging conversations with respect and a constructive mindset. To be successful in this role, you need to have strong communication and collaboration skills to build trust with our stakeholders. Are you confident in managing a varied workload and meeting associated deadlines?
Essentials
- University degree in science or related subjects,
- Strong analytical and quantitative skills,
- Programming skills in R, Python or other related languages would be an advantage.
We are looking forward to your application!
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