Reserving Manager

The Emerald Group Ltd, Search and Selection
London
11 months ago
Applications closed

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Overview:


Context:

The Lead Reserving Manager will establish and lead the reserving function for a dynamic and growing Managing General Agent (MGA) specializing in household insurance.


Key Duties (Including but not limited to):

  • Develop and implement a robust, independent reserving framework tailored to the MGA’s needs.
  • Perform regular independent reserve reviews to assess the adequacy of reserves held by insurers.
  • Introduce innovative reserving approaches, leveraging automation and advanced analytics to enhance accuracy and efficiency.
  • Collaborate closely with pricing, underwriting, claims and finance teams to ensure a holistic understanding of portfolio performance.


Qualifications required:

  • Fellowship or near-fellowship of a recognized actuarial body (e.g., IFoA, SOA, CAS).


Experience required:

  • Strong technical expertise in reserving methodologies, particularly within general insurance; minimum 5-8 years of experience in general insurance reserving, ideally with exposure to both insurer and MGA environments.
  • Proficiency in actuarial software and programming tools (e.g., ResQ, R, Python, or equivalent).
  • Comfortable extracting, manipulating and engineering data in SQL and R
  • Good understanding (and ideally some hands-on experience) of price modelling techniques like GLMs and machine learning to be able to challenge their validity.

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