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Reserving Actuary


  • Dublin
  • Negotiable
  • Permanent full-time
  • Updated 08/03/2013
  • Kayleigh O' Shea
this job is expired
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Reserving Actuary


The Role
Working in the Actuarial department in General Insurance Ireland, the key purpose of this role is to provide actuarial support to the Finance Division. This role will report to the Head of Actuarial Reserving, and the duties of the successful candidate will include but not necessarily be limited to the following:

Key Accountabilities
- Coordinate, prepare and perform the calculation of reserves and reserve reviews across all Irish lines of business.
- Develop, prepare and discuss key reserving financials with local and European management.
- Contribute to enhanced business partnering communication of reserving, planning and performance measurement outputs across the domestic Irish business.
- Support the business planning process, statutory account filings, Solvency II and capital projects as well as reinsurance analysis.
- Monitor and analyse the performance of the business, claim trends and developments in the Irish market.
- Actively suggest and contribute to the continuous development and enhancement of reserving and reporting tools and processes.
- Participate in and lead ad hoc projects and reviews as necessary, e.g. support projects by the UK Centre of Excellence or Group Actuarial.
- Provide training and support to team members.

Skills and Experience
- Successful delivery and implementation of reserving analysis and/or initiatives into the business (including reserving innovation and demonstration of adding value)
- Quality of reserve analyses is fit for purpose and robust
- Compliance with agreed business procedures and Company policies
- Positive feedback from team, business partners and stakeholders
- Continuous professional development and enhancement of business and technical experience
- Successful delivery and implementation of process efficiencies or improvements in our effectiveness
- If nearly qualified, exam progress toward achievement of local (IoA) qualification consistent with local exam study plan
- If nearly qualified, effectively use study time to pass exams, effective scores for all exams attempted

- Developing business relationships with Actuarial, Finance, Underwriting, IT, Claims.
- Liaise with actuarial colleagues in the Centre of Excellence, Group Actuarial
- Consults closely with all parties on the development of reserving methodologies.

- Some direct contact with auditors or other insurance regulatory bodies or service providers as required
- Strong industry network including Society of Actuaries in Ireland (SAI) and UK Institute of Actuaries (IoA)

- Ideal candidate will have a previous experience working in a similar role in the general insurance industry.
- Track record of actuarial reserving and supporting the business delivering change in a complex environment.
- Qualified or nearly qualified member of a recognised professional Actuarial Organisation (IoA, CAS, DAV, SAV etc).
- High level of numeracy and computer literacy.
- Strong Excel skills. Strong VBA, Access, Word, PowerPoint and other technical software skills (e.g. ResQ, SAS) are desirable.
- Strong analytical skills and decision-making ability.
- Demonstrate a logical, methodical and systematic approach to work while also being able to adhere to strict deadlines.
- Self-motivation with the ability to suggest solutions to problems desirable.

- Excellent organizational and planning skills;
- Excellent communication skills, both written and verbal, with the ability to communicate effectively at all levels;
- Ability to think clearly and logically;
- Ability to establish and maintain constructive business relationships with all contacts inside and outside the Company;
- Ability to seek out and use all available sources of information to make informed decisions and to solve problems;
- Positive and flexible attitude to change;
- Ability to think creatively to solve problems;
- Constructive and supportive working style;
- Team player;
- Customer focused approach.

- Working at all times lawfully and in accordance with pre-defined regulatory, compliance and financial requirements e.g. Data Protection, Code of Conduct, Health & Safety and regulator standards;
- Working at all times in accordance with group/company policy and processes;
- At all times follow best practice

To apply for this position please click here

Ref: IR00842_1361537472
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