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Aspen Insurance
,
London, Greater London
Chief Reserving Actuary
Overview
We're looking for a candidate to fill this position in an exciting company. Oversee a global reserving team that is continuously improving the methods and processes for periodically selecting and reporting on ACEs for all the company’s portfolios. Ensure that there is a regular flow of information related to reserving analysis to and from key stakeholders, including Underwriting, Actuarial Analytics and Pricing, Claims, Accounting and Finance, as well as Executive Management. Maintain emphasis on feedback loop with Underwriting and Analytics and Pricing to ensure that they have the benefit of latest reserve analysis to utilize in forward looking underwriting and pricing decisions. Manage and develop a high performing reserving team that is continually challenged, motivated and engaged. Recruit and mentor team members to assume broader roles within the organization over time. Ensure that the team provides enough assistance to the Finance teams responsible for internal and external reporting, including making all necessary data available and contributing as much as necessary to the discussion of results. Provide counsel to the business heads in managing their portfolios, planning, operational reviews, setting financial targets and assessing the capital needs for the business. Maintain an environment and control system to ensure that ACEs are established in a consistent, timely and accurate manner. Collaborate with pricing to integrate pricing data and perspectives into the reserving process and the profitability outlook. Ensure that the needs for Appointed Actuary services required at the local legal entity level are met, either by internal appointment or using third parties. Oversee the workflow to ensure that the reserving team is well-positioned to support the needs of the organization. Ensure the reserving function is applying generally accepted actuarial principles and methods and is complying with all regulatory and risk management policies and practices. Maintain a visible presence in the non-life/health re/insurance actuarial community. Seek opportunities to improve processes to enhance effectiveness and efficiency and share knowledge to benefit the broader organization. Good business judgement; an ability to solve complex issues with pragmatic solutions. Gravitas; proven ability to operate effectively at all levels and gain the trust and confidence of colleagues and senior management. A strategic thinker who can contribute to the development of a broader vision; yet, is able to roll up sleeves to execute the strategy. A team builder who fosters open dialogue and collaboration. A change agent who will encourage new approaches and will challenge the status quo in a respectful manner. An innovative thinker; will identify opportunities to anticipate and respond to regulatory changes. Good listening skills and an ability to gain buy-in from stakeholders with diverse interests. A high level of self-awareness and integrity and a trust for others A university degree in a quantitative discipline. Fellow or Associate of the Casualty Actuarial Society or Fellow of the Institute and Faculty of Actuaries or similar designation from a recognized actuarial organization. A minimum of 15 years of experience in progressively senior actuarial roles with a leading insurer and or reinsurer. This individual may also have gained experience at an actuarial consulting firm. Expert knowledge of a wide range of non-life re/insurance products including traditional Property and Casualty lines of business as well as Specialty lines like Agriculture, Surety, and Mortgage. Demonstrated leadership in building effective teams. This individual will have experience managing through others as well as coaching and inspiring to unlock potential and possibilities to not only grow their team but to grow the business A track record of advising senior management and contributing to the broader direction of the business. Experience developing and implementing reserving models and processes to improve the selection of ACEs. Excellent communication skills. This individual must have the ability to articulate actuarial concepts to non-actuarial audiences. Superior interpersonal skills. Has been successful developing strong relationships with business leaders while maintaining the independence of the actuarial function. Experience working in matrix organizations an asset. Working on virtual teams preferred.