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Reserving Actuary (part qualified or qualified)


Our Client is seeking a Reserving Actuary for its Dublin office. You will be primarily involved in first-line reserving for International Casualty, International Financial Lines and Global Property. This will include both the reserve review process and the Solvency II Technical Provisions process. You will also be involved in setting of the budget loss ratio for various segments of the business, and evaluation of their underwriting strategies.  

Main Responsibilities:

  • Quarterly Financial Reporting:  This will include consideration of large loss and catastrophe activity along with emerging experience in respect of attritional losses for both reserves and Solvency II Technical Provisions.

    • Ensure all deliverables are met by the team 

    • Assess, review and challenge all reserving decisions made 

    • Lead the consultation with underwriters and management regarding experience

    • Review and challenge of rationalisation for all material movements

  • Valuation Analysis:  This is completed twice a year following quarter 1 and quarter 3 Actual vs Expected analysis:

    • Assessment, review and challenge of the appropriateness of methodologies and assumptions

    • Reviewing the rationalisation of any changes to methods and assumptions

    • Presentation of results and rationalisation to senior management

  • Profitability Analysis: Regular evaluation of ongoing profitability of the business feeding into Business Planning considerations and portfolio management 

  • Business Planning:  You will be expected to actively participate in the setting of the target budget loss ratios at the different portfolio levels. 

  • Special Projects:  Alongside the above responsibilities, you may also become involved in special projects


Abilities and Skills:

  • Planning & Organisation: An ability to self-manage multiple tasks and outputs and to understand and respond to demands

  • Strong Communication: Excellent verbal and written communication. Capable collaboration and presentation skills. Has the ability / potential to communicate even negative or difficult messages in a constructive manner. 

  • Business Partnering: Able to demonstrate knowledge of the relevant business areas as well translate actuarial output into business value. 

  • Strategic Thinking and Tactical Implementation: Ability to invent, design and build solutions 

  • Actuarial Experience: Expected to have a few years of relevant experience within the non-life insurance industry, with a preference for a knowledge of reserving and related areas. Knowledge of ResQ software and excel add-in would be an advantage. Knowledge of Solvency II regulations and developments would also be helpful.