Non-Life Part Qualified

Our large Non-Life Reinsurance Global Client with offices in Dublin is looking to recruit a part qualified or recent graduate to join its actuarial Pricing and Reserving team.

The Company

Our client is a large non-life reinsurance company writing Credit and Bond reinsurance across a geographical spread of more than 65 countries in Europe, Middle East, North and South America, Asia, Africa and Oceania. This is a great opportunity to join a small actuarial team, where you will see all aspects of non-life reinsurance pricing and reserving. You will collaborate internationally across the group which will allow you to leverage expertise in various topics from the different centres of excellence throughout the group. You will also have input into the ORSA, and work very closely with the underwriters and the finance functions. Previous general insurance experience is not required, as training will be provided on the job. The main criteria is to be strong on coding and willing to sit the actuarial exams.

The company also has a partial internal model, which is maintained by the risk team. There is the potential in time to transfer to the Risk team if desired with the opportunity to understand and implement the partial internal model

 

Responsibilities:

  • As part of your pricing duties, you will work closely with the other actuarial team members and the underwriting team to help price a wide range of complex treaties covering credit and bonding polices written worldwide.

  • As part of your reserving duties, you will work closely with the other actuarial team members, the finance team, and the Head of Actuarial Function on all aspects of actuarial reserving for the business, including Solvency II and IFRS 17.

  • You will also input into the ORSA process, assisting in particular with the non-capital actuarial-related elements of the ORSA, for example stress and scenarios tests.

  • The pricing and reserving  actuarial team is in the process of automating many of its processes.   You will be involved in this automation process, so you will be required to be strong at coding in for example any of VBA, R or Python.

  • Previous general insurance experience is not required for this role, but the candidate must be willing to sit, or be currently sitting the actuarial exams.

 

Abilities and skills:

  • Previous General Insurance Experience is not required

  • As stated above, the main criterion for this role is to be strong at coding.

  • In addition you would be expected to be able to manage multiple complimentary tasks and outputs.

  • It would also be helpful to possess good verbal and written communication, and collaboration skills. 

  • You will be expected to sit the actuarial exams, or have made steady to good progress through the exams.

 

You will be a graduate with a degree in a relevant field, such as Actuarial Science, Maths, Theoretical  Physics, Engineering etc., or have an A in honours maths in the Leaving Cert or equivalent.