Posted: 6h ago
The role
What will you be doing?
Key responsibilities will include:
Reserving
Updating data and assumptions in the monthly reserve models
Updating quarterly reserve exhibits and reports, to help management decide on reserve levels
Updating quarterly reserve allocations and technical provisions, for providing to the finance team
Capital Model
Obtaining and analysing exposure, premiums, claims and reinsurance data for use in the capital model
Maintaining the capital model to allow detailed forecasting of future premiums and claims
Using the capital model to assist with risk profile calculations
Using analytics and modelling to assess the suitability of reinsurance programmes
Using data and analytics to maintain and improve tools for pricing new risks
Providing cost factors to assist underwriters with winning and renewing contracts
Assistance in HoAF related tasks, collating content for writing opinions on:
Technical Provisions
Data
ORSA
About you - Skills/Qualifications/Experience
Graduate with a 2:1 degree with high mathematical content
Proficient in use of Excel
Organised
Driven, efficient and proactive
Confident in use of IT
Actuarial studies or experience
Exposure to other relevant software, such as R and Power BI
Familiarity with non-life reserving methodologies and concepts
Who we are
We are a specialist marine insurer and a member of the International Group of Protection and Indemnity clubs, owned by its shipowner members and controlled by a board of directors drawn from its membership. We’re one of the world’s leading and most influential P&I Clubs. Employing over 600 people globally, we provide an unmatched depth and breadth of expertise to our members.
Our culture and what to expect from us
Our culture is hugely important to us enabling us to fulfil our brand promise, ‘Taking on tomorrow, together’. Together we are empowered, inquisitive and courageous, giving the best of ourselves to our colleagues, customers, members and the communities we serve.
We provide excellent service to members, build long-lasting relationships built on trust and understanding, and treat our colleagues in the same way. It doesn’t matter who you are or what you do, we all act as role models and celebrate our cultural principles.
We provide our people with a fantastic benefits package including:
27 days annual leave per annum + bank holidays (rising with length of service).
Private Medical Insurance.
Life Insurance
Structured learning and development with support towards obtaining professional qualifications that are relevant to your job.
An onsite gym in our Newcastle office and much more…
Salary from €40,000+, depending on experience
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