Reserving Actuary (9 month FTC)

Role: Reserving Actuary (9 month FTC)

Location: London

Position: Full time, Fixed Term

Our Reserving team has a key position in our evolving business. The team is crucial to our financial and regulatory reporting and pivotal to providing insight on our business performance.

The Reserving Actuary within the team is responsible for delivery of specific aspects of the reserving process, including overseeing reserving calculations, investigating movements, reviewing and improving the effectiveness of processes and reporting outcomes and conclusions.

The role requires bringing together sound technical knowledge and inquisitiveness with clear and impactful communication to management.

About The Job

What you’ll spend your time doing:

Here’s a snapshot of some of the key parts of the job:

Innovation and Insight

• Review and advocate for updates to processes which make them more efficient and/or effective

• Define analysis to be undertaken to meet outcomes specified by management, including innovative analysis to understand emerging risks

• Work with other teams within the business to improve the insight provided by the team and the reserving exercise

Management and Analysis

• Managing the scope and delivery of reserving projections to provide estimates for use in financial reporting and consideration of business performance

• Manage data governance processes to ensure data quality and contribute to consideration of new reserving tools/processes, including the opportunity to work with new tools and software

• Directing analysis to consider outcomes on different basis, including GAAP, Solvency II and IFRS 17

Communication

• Lead interactions with other areas of the business – particularly claims and underwriting - to ensure results are accurate, understood and driving appropriate actions

• Make clear recommendations for management action and engage  with external parties including regulators, auditors and other reviewers to ensure there is high confidence in reserving results

• Role modelling the actuarial team culture of high performance and inclusivity

You’re going to enjoy this job if you…

• Readily take accountability for delivery of outcomes

• Want to have impact on improving processes and insights

• Enjoy problem solving and considering the best way to achieve defined outcomes

• Have an inquisitive mind and question what you are doing and why

• Can communicate complicated concepts effectively in person and in writing

• Have a high attention to detail and accuracy

What you’ll need:

For this particular role we need you to have:

• Experience in an actuarial role considering appropriate analysis and solving problems (does not have to be in reserving)

• Good logical reasoning skills coupled with commercial acumen 

• The ability to translate complicated considerations into clear actions for the reserving team or management

• Excellent communication skills

We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!

What Can You Expect From Us?

As well as a competitive base salary and performance related discretionary bonus, here is a link to our employee benefits - Benefits of working at MS Amlin | MS Amlin

Hybrid Working

At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.

About MS Amlin

MS Amlin is a leading (re)insurer and part of the global MS&AD Group, with operations across Lloyd’s of London, the Middle East, and Asia Pacific. With over 120 years of experience, we support businesses facing complex and demanding risks, providing continuity in an uncertain world. Our expertise covers Property, Casualty, Marine, Crisis Management, Natural Resources and Reinsurance, backed by strong underwriting capabilities and deep sector knowledge. At the core of our claims service is TRUST - Transparency, Responsiveness, Understanding, Solution-driven thinking, and Technical expertise. This defines how we manage claims and build lasting relationships.

DE&I at MS Amlin

We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.

MS Amlin is proud to be one of the founding partners of Lloyd’s Inclusive Futures programme which aims to get more Black and ethnically diverse people into the insurance industry - supporting them all the way from the classroom to the boardroom. Visit this link (Inclusive Futures Impact Report) to find out more about the programme and its aims and achievements so far.

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