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Mandarin Chinese Speaking Reserving Actuarial Analyst

  • £Depending on experience
  • Permanent
  • Central London
  • Ref: 19602

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Your New Job Title: Mandarin Chinese Speaking Reserving Actuarial Analyst

The Skills You'll Need:
Some work experience in general insurance market, Bachelor's degree or above in actuarial science, mathematics or statistics, Mandarin or Cantonese will be a plus

Your New Salary: Depending on experience

Location: Central London

Who You'll Be Working for:
A well established international insurance company

What You'll be Doing Each Day:
§Perform statutory reserve estimations. Prepare and aprocess reserving data, construct claims triangles and perform initial reserving analysis under the UK GAAP framework on quarterly basis.
§Perform simplified reserving calculations on a monthly basis between quarter ends.
§Lead the calculations of the Technical Provisions under the Solvency II regulations on quarterly basis.
§Analyse movements in reserves and the differences between the UK GAAP reserves and the Solvency II Technical Provisions. Provide justifications on the differences.
§Make sure the reserving processes are followed and reserving policies are maintained.
§Contribute to enhancement of the reserving and reporting processes.
§Maintain and enhance the reserving database. Perform data quality checks as required.
§Provide Actual vs Expected (AvE) analysis of claims development.
§Produce Board information supporting reserve analyses, including reserve reports and exhibits.
§Support external auditors in their annual audit of reserves for all lines of business.
§Support calculation of reserves for inclusion in capital modelling work. Contribute to the relevant parts of the Standard Formula calculations.
§Support the Head of Actuarial in other reserving related tasks and projects, such as financial budgeting and forecasting.
§Support senior management and other functions by supplying premiums and claims analyses and data summaries.
§Assist with PRA, rating agency, and group reporting requirements as required, such as the creation of the Quantitative Reporting Template and the National specific template.
§Assist in the creation of other Pillar III reports, such as the ORSA, SFCR, RSR and the Actuarial Function Report where required.

The Skills You'll Need to Succeed:
§Relevant work experience in general insurance market.
§Bachelor's degree or above in actuarial science, mathematics, statistics or related fields.
§Knowledge of actuarial reserving techniques and principles.
§Understanding of the requirements of Solvency II.
§Strong analytical capabilities and problem solving skills. Strong data processing abilities.
§Excellent in MS Suite (e.g. Excel, Word, PowerPoint and Access).
§Excellent written and verbal communication skills.

§Past experience in reserving, financial reporting or related.
§Student Actuary making good progress though the IFoA examinations.
§Good knowledge of VBA and SQL coding.
§Competent in managing own workload and working on own initiative
§Strong commercial understanding and business awareness.
§Chinese Mandarin or Cantonese would be a plus but not essential.

Job status: Permanent
Start date: ASAP
Working hours: 9 to 5

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We would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

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