Actuarial Assistant
Full Job Description
Responsibilities
- To assist in the risk assessment of existing and new business opportunities.
- To provide client performance reviews of all existing material clients across Europe, including embedded profit calculations.
- Assisting with the annual planning process as directed by the Chief Actuary.
- To assist in the production, and maintenance of a process for producing, an Individual Capital Assessment (ICA) in line with FSA regulations. Going forward, this should include a full annual assessment, an interim update and adhoc reassessment as and when the situation and conditions require.
- To support ongoing financial and Operational Risk management and assessment.
- Assisting the Chief Actuary in setting the group claims reserving policy and methodology.
- To calculate the levels of technical provisions to hold within LGI and LGL on a regular basis, in particular IBNR claims, reported claims, unearned premium and unexpired risk reserves.
- To assist the Actuarial Function Holder (AFH) to perform the duties of the AFH for LGL including producing an annual report on the statutory reserves and reserving basis.
- To assist in the production of reserving reports, produced at least annually, for both LGI and LGL.
- Studying part qualified Actuary
- Previous Non Life experience preferred
- Able to work autonomously and as a team
- High standard of IT skills required
- Good communicator, written and verbal
The PQE identified on this advertisement is a guide only and does not preclude applications from those with more or less PQE.
A market leader in their niche insurance space.
An excellent package with excellent benefits
Where specific UK qualifications are required we will take into account overseas equivalents.
Please quote Michael Page reference when applying Job ref:MPGX13239749
Michael Page International is a world leading recruitment consultancy.
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