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.