SCOR

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P&C UK Reserving Actuary

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The jobholder will be an ambitious actuary who wants to work as part of a Reserving team, providing a wide range of actuarial reserving services for non-Lloyd’s entities.

A key part of the role will be working on quarterly reserving, assisting on a wide variety of Reserving Projects.

  • Deliver the analysis of the technical reserves on a quarterly basis for multiple lines of business

  • Deliver reserving projects, such as automation of current processes and modelling of specific lines of business

  • Deliver reporting for SCOR UK and SCOR Europe boards and other governance bodies as required

  • Lead improvements of certain models, visualisation tools and dashboards

  • Annual review of the UK portfolio and contribute to the actuarial report for the various UK and European legal entities

  • Carry out regular or ad hoc studies for specific segments

  • Work closely with claims team, finance team, underwriters and underwriting management and other members of the actuarial team to develop, review and maintain appropriate tools and methodologies

  • Communicate with external Actuaries, Auditors and external regulators when required.

  • Be able to respond to auditor queries and undertake audit defence to UK audit standards

  • Help enhance management information and reporting for the PRA and ACPR

  • Communicate key movement/trends/events to the business on a quarterly basis

  • Mentor, grow and develop junior members of the team

  • Post qualified i.e. Fellow of the Institute and Faculty of Actuaries FIA (or equivalent being FCAS, FIAA) with at least 7 years’ experience within a Lloyd’s/London Market reserving role an advantage.

  • Established, strong knowledge of UK and French GAAP, Solvency II and Solvency UK.

  • Fluent English Speaker

  • IFRS17 knowledge

  • Knowledge of regulatory requirements and an understanding of how they impact on the business

  • Strong knowledge and delivery professional standard requirements

  • Strong understanding of P&C (re)insurance and reserving practices and products

  • Significant experience in understanding, explaining and analysing financial impacts and drivers of change

  • Experience managing projects and effectively representing your department

  • Demonstrated ability to identify and implement departmental processes and controls and ensure that these are appropriately documents

  • Proficient in actuarial software, database and reporting tools including ResQ

  • Demonstrated ability to understand complex actuarial models

  • Advanced proficiency in Microsoft Office Suite (Excel, Word, Powerpoint)

  • Desired ability to code in VBA, SQL, Python and use Gen AI

  • A team player and enjoys working at pace, in a collaborative environment with global teams (actuarial, risk, claims and underwriting at a minimum)

  • Strong organisational and planning skills with ability to meet multiple competing deliverables and manage projects

  • Flexible and agile

  • Able to think independently with an analytical mindset and excellent analytical skills.

  • Acts with integrity and can make a principled stand where required.

  • Strong technical skill set, passionate about innovation and proving processes

  • Excellent communication and interpersonal skills, verbal and written that enable the candidate to communicate effectively with colleagues (especially underwriters), brokers and clients on a cross-border basis.

  • Proactive, takes strong ownership and committed to delivery

  • Interested in career and skill development

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