REF: GENIN07
General Insurance, DublinFor further information on this specific role, please Email Ger ger@about-recruitment.ie or call me on my mobile at: +353(86)6019377
Summary
Our client wishes to engage their first in-house Dublin actuary to build an actuarial function. The Head of Actuarial Function (HoAF) is currently outsourced to a large local consultancy. The remit, initially, is to develop actuarial reserving processes to create an effective in-house actuarial reserving department. The successful actuary will also be expected to contribute to the risk management system, including the ORSA, and challenge and contribute to the underwriting, pricing and reinsurance functions. In time, the right candidate will be considered for an in-house HoAF role. Within the wider group, there is a Lloyds syndicate who operate an internal model, and two US actuarial teams who specialise in predictive analytics. Therefore the successful candidate can liaise with the in-house Solvency II reserving expertise within the Lloyds syndicate, and from a pricing perspective, can access very strong predictive analytics teams based in the US. This position reports directly to the CEO. You will have a proven track record working mainly in reserving roles, in either an insurance company or consultancy. This position will liaise closely with other risk and finance teams both internally and across the wider Group.
Key Responsibilities:
- Liaise with the external Head of Actuarial Function
- Calculate technical provisions under Solvency II regulations, reporting to senior management
- Contribute to the effective implementation of the risk management system including the ORSA process, and assisting and challenging the underwriting and pricing functions.
- Assist the risk function with the quantitative elements of the risk management system, including the adherence to risk tolerances and limits.
- Assist the finance function in the business planning process, through forecasting projected loss ratios, based on expiring experience, rate changes, inflation, frequency trends etc.
- Collaborate across the business to contribute to the achievement of the business plans, consistent with adherence to the company risk appetite.
- Support the reinsurance department by assessing the suitability of various possible reinsurance structures and treaties.
- Keep up to date with all relevant actuarial regulatory changes and their potential impact.
The Person:
DESIRABLE QUALIFICATIONS EXPERIENCE and SKILLS:
- Fellow of a recognised actuarial body
- At least five years insurance industry experience, mainly reserving
- A good working knowledge on Solvency II regulations is essential
- The candidate should be very computer literate, with particular proficiency in Microsoft Office products and reserving software
- Our client requires an independent self-starter, capable of designing a reserving system from scratch.
- There will be several significant challenges associated with implementing the reserving system for the first time, therefore, strong interpersonal and communication skills are critical, together with an ability to engage effectively with all stakeholders across the business
This position reports diredctly to the CEO
For further information
Please Email Ger ger@about-recruitment.ie or call me on my mobile at: +353(86)6019377
