Reserving Manager - Global Insurer

City of London
£70000 - £75000 per annum + Point
14 Aug 2019
28 Aug 2019
Lawes Consulting Group
Job Function
Contract Type
Job Title - Reserving Manager - Global Insurer
Contract - Permanent
Salary - £70,000 - £75,000 (Dependant on Experience)
Location - London
Our client a major global insurance company are currently recruiting for a Reserving Manager to join their well-established team based in London you will be supporting the Head of Capital & Reserving and the managers within the team in providing a second line of defence on all P&C risk activities.
Key Accountabilities:
·Manage the independent reserve review to provide a second opinion on reserve recommendations of the actuarial teams within the company. To ensure this is valid, complete and value-adding, maintain awareness of business and claims environment conditions and developments

·Prepare and present papers for the insurance risk committee, providing challenge and identifying areas requiring further support/investigation.

·Oversee development of tools and methods utilised in the independent reserve review to ensure process is efficient, robust and up to date with latest actuarial practices.

·Develop and maintain own awareness of Finance strategies and in all activities verify that actions taken are aligned to strategic goals

·Support other activities undertaken by the Capital & Reserving team, where required, including review and validation of the internal model results, independent review of the Strategic Plan and second opinion on the reinsurance coverage proposed by the business.

·Assist in giving input to the company in respect of insurance related scenarios for the purposes of scenario testing, both at company and group level

·Contribute to the production of Solvency Reports where required, including the ORSA, Validation Report, SFCR and RSR.

·Role provides a comprehensive and robust second line of defence for P&C insurance risks

·Clear, valid, value-adding analysis and recommendations made to senior managers within the Risk team, Head of Capital & Reserving and UK Chief Risk Officer

·Insightful and high-quality second opinion on reserves provided in necessary timescales

·Full range of our client's P&C products reserves reviewed and best practice, honest, independent commentary provided including measures of uncertainty

·Full consideration given to business changes, market environment and appropriateness of techniques used for reserve calculations

·Challenge given to actuarial data integrity checks

·Insurance risk committees and UK Risk Committee runs to the satisfaction of senior stakeholders

·Actions taken from committees are completed fully and on time

Skills Required:
·Typically nearly qualified or qualified actuary. Alternatively an actuarial/general insurance professional qualification or demonstrating equivalent insurance knowledge to fulfil key accountabilities for the role
·General insurance experience
·Relationship management skills - ability to manage key relationships and act independently
·Excellent written and verbal communication skills - able to interact with Executives, Senior Management and regulators
·Substantial product and industry knowledge and understanding of regulatory framework
·Business acumen
·Proven ability to work under time pressure
·Analytical problem solving skills
·Continued Professional Development

If you have the relevant experience or know someone that does please contact us now on 0203 411 8430 or email me at

To view all Current Vacancies or for more information on our Refer a Friend scheme, contact one of our consultants or visit our website

Please Note: Due to the sheer volume of applications we receive, we will only contact successful applications. Therefore if you have not heard from us within 10 working days please deem your application as unsuccessful.

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