Actuarial Analyst (m/f/d)

Are you looking for a new challenge in a rewarding company?

 

Location
London , United Kingdom

 

The successful individual will perform a broad range of actuarial reporting tasks for Syndicate 457, covering both local (Lloyd’s) and group (Munich) reserving & reporting requirements.

 

You will help to develop the reporting infrastructure & MI to meet the increasing demands from the business and deliver process automation.

Your job

• Undertake the actuarial delivery of Lloyd’s reporting processes, including Solvency II (QSR, ASR, TPD etc.) and Syndicate reporting (QMA, QMB). Ensure that results are produced to a high standard with delivery in line with the Lloyd’s reporting timetable Review the work of others working on these processes;
• Undertake elements of the actuarial delivery of Munich reporting processes, including Solvency II TPs, quarterly reporting (Actuarial Day, Outliers, IBLC, AvE) and annual reporting (e.g. MYA), and review others. Ensure that results are produced in line with the Group requirements and reporting timetable. Review the work of others working on these processes;
• Perform or review the work underlying international regulatory returns such as the US Trust Funds and the Singapore MAS returns.
• Prepare information for to the Group quarterly reporting process, including tasks such as AvE reporting, major loss reporting, and ultimate premium & loss forecasts;
• Review and/or peer review the reporting work performed by other colleagues involved in the reporting process. Share feedback and knowledge to support team development.
• Assist with actuarial reports such as the Actuarial Function Report and Annual Reserve Report;
• Gain familiarity with the data warehouse, as well as underwriting, claims and reinsurance systems. Extract and analysing data for varied purposes using SQL;
• Play an active and influential role in reporting process ongoing improvement and automation, in conjunction with other experienced staff inside and outside Actuarial including colleagues from Finance and Underwriting and all other parts of the business;
• Liaise with the IFRS17 project team to develop an understanding of IFRS17 requirements in the live BAU environment. Assist with ongoing development if needed.
• Contribute to other actuarial reserving and reporting tasks as needed.

You are required to comply with the PRA and FCA conduct rules:

• Acting with honesty and integrity at all times
• Acting at all times with due care, skill and diligence
• Being open and honest with the FCA, the Prudential Regulation Authority (PRA) and all UK regulators at all times
• Always paying due regard to the interests of customers and always treat them honestly and fairly
• Observing proper standards of market conduct at all times

Your profile

• At least three years actuarial reporting experience, ideally within a Lloyd’s Syndicate.
• Current Lloyd’s market knowledge, including Solvency II.
• Willingness to further increase knowledge of any Reserving and Reporting related matters and key market topics and develop technical and management skills.
• Willingness to work to deadlines and in a dynamic international regulatory environment.
• Interest in automation of actuarial processes to meet accelerated timetables.
• Willingness to mentor more junior members of the team.

Competencies for the role:

• Team orientation
• Communication
• Achievement/results-orientation
• Problem-solving
• Flexibility
• Customer focus
• Planning and prioritising
• Share knowledge
• Self-development
• Commercial/business awareness

About us

MRSG UK Services Limited is the employing entity for staff supporting the business activities of Munich Re Syndicate Limited (MRSL), Munich Re Specialty Group Limited (MRSG), Munich Re Specialty Insurance (UK) Limited (MRSI UK), Roanoke International Brokers Limited (RIBL) and Munich Re Digital Partners Limited (DP).

 

As part of Munich Re Specialty Group (MRSG), Munich Re Specialty Insurance (UK) Ltd (MRSI UK) brings together the long-standing and market-leading underwriting and claims expertise of NMU in the UK marine & specialty insurance markets with GrovesJohnWestrup, our UK Private Client proposition for insurance brokers and other intermediaries with clients who have unique and complex risks, as well as GJW Direct, UK‘s Specialist Direct Boat insurer.

 

Additionally, MRSI UK is affiliated with Munich Re Digital Partners Ltd (MRDP) that provides digital distributors a comprehensive go-to-market partnership in the UK and the EU, and Munich Re Risk Solutions Ireland Ltd (MRRSI) offering marine & specialty insurance solutions in Ireland and the EU.

 

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Hong Kong, Singapore, Labuan and Dubai. We are also represented in Lloyd’s China.

 

Our group of companies provide solutions covering Casualty, Marine & Cargo, Energy & Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht.

Known for our dedication to excellence and quality of service provision, we pride ourselves on offering you a great place to work.

 

Munich Re’s employees are the backbone of the Group’s business success. They are the people that drive the business forward and develop new solutions for our clients.

 

Ensuring that we recruit versatile staff is therefore crucial to our future success. Our objective is to make Munich Re the employer of choice for potential employees on the global job market.

 

To help us achieve this goal we offer a competitive salary and a generous and comprehensive benefits package which we regularly review in accordance with external market data, to ensure you are paid fairly and our benefits are tailored to suit your lifestyle.

 

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.