Social network you want to login/join with:

MS Amlin are seeking a seasoned and commercially-minded actuary to join their actuarial function as the Catastrophe Reserving Manager. The role is a direct report of the Head of Reserving.

The role of Catastrophe Reserving Manager is principally tasked with owning the Reserving process for Natural Catastrophe and Man Made Events with extensive interaction with Underwriting, Exposure Management, Claims and Outwards Reinsurance. The role will also be asked to help out with other project related work across the Reserving function especially during the period of modernisation.

About the job

Core activities over the next 18 months are likely to include the following. Beyond this, the role is likely to evolve based on MS Amlin’s overall strategy and the strategy of the Finance function.

Coordination of MS Amlin’s event loss process, spearheading our reserving of natural and man-made catastrophe losses. This aspect of the role will involve:

• For new and emerging events, mobilising colleagues within the Exposure Management, Underwriting, Claims and Outwards Reinsurance teams to shape our event response
• Supporting the Chief Actuary in making a recommendation for best estimate reserves from Catastrophe losses and communicating the associated uncertainty around that
• Producing high-quality documentation for review and sign-off by the Executive Management Team
• Across the set of MS Amlin’s historical events, generating critical analytics and insight to support the reasonableness of reserve estimates
• Provide insights on active catastrophe events to the Executive Management Team and the Audit Committee
• Serve as the face of MS Amlin for engagement with stakeholders (e.g. Lloyd’s or Head Office), including production of external reporting.

Project support

Representation of MS Amlin Actuarial within company-wide projects and change initiatives. MS Amlin are currently involved in an exciting suite of projects, across areas such as GAAP Reserving Process Transformation, Corporate Finance, IFRS17 & Head Office Reporting and broader MS&AD initiatives, with Finance playing a key role in successful execution.

The Catastrophe Reserving Manager could be asked to offer support in various projects as we go through our transformation journey.

Leadership and coordination

The Catastrophe Reserving Manager will provide broader leadership and coordination, adding bandwidth to the Head of Reserving. Activities will involve, but not be limited to.

• Liaison with other MS&AD entities, such as Amlin Business Services, MSIG UK, Amlin Insurance S.E. and MS Re
• Liaison with Head Office
• Liaison with auditors and the SAO provider

What you'll need

It is expected that the jobholder will be a senior qualified actuary, with reserving experience in the general insurance industry, preferably within the London Market/Lloyd’s. Experience of working on projects (e.g. transactions or transformation projects) is not a pre-requisite, but would be valuable for the role. Experience working on Catastrophe and Major event reserving would also be desirable.

The jobholder will be joining a large, experienced and diverse actuarial team. The jobholder will support the Chief Actuary and the Head of Reserving.

Skills, qualifications and competencies

• Degree or equivalent experience.
• Actuarial qualification such as FIA, FCAS, FSA, FIAA.
• Experience in reserving, through either in-house or consulting roles.
• Experience of presenting information effectively to senior management, governance forums and shareholders as required.
• Strong communication and presentation skills
• Demonstrated ability to deliver and manage accurate, thoughtful, detail-oriented work within tight deadlines.
• Ability to provide and withstand technical challenge from a wide audience.
• Calmness under workload pressure.
• Organisation and planning skills.
• Ability to stand by actuarial judgement.

We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!

What Can You Expect From Us?

• Performance Related Discretionary Bonus
• Holiday: 28 days core annual leave, and you can buy up to 5 days
• Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
• Private Medical: cover for yourself. Family members/dependants can be added.
• Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
• Life Assurance: 5 x annualised base salary
• Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
• Continuous Learning Approach: Including study support with professional qualifications.
• Carers Leave: 5 days full pay.
• Bank Holidays: To support the diverse backgrounds and beliefs of our team, we offer employees the flexibility to exchange bank holidays for alternative dates that better reflect their personal, cultural, or religious preferences.
• Annual health screening
• Give as you earn
• Cycle to work
• Season ticket loan

Hybrid Working

At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.

About MS Amlin

MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd’s, Continental European, US and Bermudian global (re)insurance markets.

This role is in our Lloyd’s business

Our Lloyd’s business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world. We operate from our offices in the heart of London’s (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd’s Syndicate 2001, and we can trace our roots in the insurance market, back over 100 years.

We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.