Reserving Analyst

Admiral Group is currently recruiting for a part qualified actuary to join our Reserving team within our Head Office in Cardiff (noting that due to the current pandemic, we are currently working from home).  This is an ideal opportunity for someone who is looking to apply the knowledge and skills they have learnt over their first few years in an actuarial role of a general insurer to a fresh new environment – one which will challenge but ultimately reward you with responsibility for inputting to key projects.

About the role

This role will be based in our Actuarial team within Group Finance, and reports to the Head of Reserving.  As a key part of our reserving team, you will be expected to contribute from day one – coming up to speed on the business and our existing processes and supporting our reserve reviews.  With the ever-changing external environment, it is a great time to be working within the Reserving team of a UK leading motor insurer.

The flat management structure and increasingly global reach of Admiral Group means you gain invaluable direct contact with Senior Managers and Directors from across many departments.

Key Responsibilities

• Assist with the end to end quarterly Solvency II Technical Provisions process for the UK, from the data to reporting stage
• Play a key role in the Reserving team’s input into the wider Group Finance team’s IFRS17 implementation
• Support the development and enhancement of our Solvency II Technical Provisions process
• Support the Reserve Reviews across Motor, Van and Household products
• Provide flexible support to ongoing projects within the Reserving team, such as moving to new data systems, developing aspects of the reserving process
• Build upon established relationships with our Claims and Pricing departments on key reserving matters
• Work alongside our “line two” Risk Actuaries to assist their review and challenge of our IFRS reserves and Technical Provisions
• Closely interact with our capital team to assist with regular capital assessments, and feed into model developments and model use

About You

• Part Qualified actuary – ideally 2+ years reserving experience, preferably within personal lines
• Excellent academic background and strong numerical and analytical skills
• Proficient in spreadsheet tools (Microsoft Excel) with experience of VBA and SAS an advantage
• Experience of using RESQ software beneficial
• Good knowledge of Solvency II, including technical provisions, preferred
• Excellent project management and time management skills
• Ability to work independently and to reporting deadlines
• An eye for detail – not afraid of getting into the detail behind the data/calculations to challenge or be challenged
• Excellent communication, relationship and presentation skills – to senior management and non-actuarial colleagues in particular
• Good understanding of external motor market developments

About Admiral

We're Wales’ only FTSE 100 company. We have forward-thinking approaches and provide endless opportunities to test, learn and grow. There's a reason we've been named a Best Place to Work: our progressive culture, core values, and commitment to diversity and inclusion have created a working environment where people share ideas, aren’t afraid to speak up and change things, and above all, feel valued.

Admiral has grown from being a small start-up into a multi-national organisation. The company is constantly investigating new products, services and markets and is now present in eight countries with a diverse product portfolio.

Our success goes hand-in-hand with having a strong culture where we put our people and customers first. Our philosophy is simple yet effective: people who like what they do, do it better, and this in turn, means that our customers receive the level of service and products that they deserve. Our culture is honest, open and wholeheartedly focused on four key areas: Communication, Equality, Reward & Recognition, and Fun.

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we're voted no. 1 in the 2019 Sunday Times Best Big Companies to Work For in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

If you think this role is for you and would like to be considered for this opportunity, please complete an online application form. 

Please note, we are unable to accept CVs via email

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