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Senior Actuarial Reporting Analyst
Salary not available. View on company website.
Munich Re, City of Westminster
- Onsite working
- Full time
- Temporary
Posted 1 week ago, 14 Sep
Job ref: edeb9e5c29ef46999b2f1e57efe0a81a
Full Job Description
At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.Please see our website for more information.Senior Actuarial Reporting AnalystWe are looking for a Senior Actuarial Reporting Analyst to join our team on a fixed term contract basis of 6 months in the City of London with hybrid working 2-3 days per week.You will perform a broad range of actuarial reporting tasks, covering both local and group requirements as well as contribute to enhancement of the reporting infrastructure and MI covering both local (Lloyd's) and group (Munich) reserving & reporting requirements.Help to develop the reporting infrastructure & MI to meet the increasing demands from the business and deliver process automation.Responsibilities
- Undertake the actuarial delivery of Lloyd's reporting processes, including leading the QMB reporting Lloyd's and supporting other reporting requirements, e.g. Solvency II (QSR, ASR, TPD etc.) and QMA;
- Undertake elements of the actuarial delivery of Munich reporting processes, including Solvency II TPs, quarterly reporting (Actuarial Day, Outliers, IBLC, AvE) and annual reporting (e.g. MYA), and review others. Ensure that results are produced in line with the Group requirements and reporting timetable. Review the work of others working on these processes;
- Perform or review the work underlying international regulatory returns such as the US Trust Funds and the Singapore MAS returns;
- Prepare information for to the Group quarterly reporting process, including tasks such as AvE reporting, major loss reporting, and ultimate premium & loss forecasts;
- Review and/or peer review the reporting work performed by other colleagues involved in the reporting process. Share feedback and knowledge to support team development.
- Assist with actuarial reports such as the Actuarial Function Report and Annual Reserve Report;
- Gain familiarity with the data warehouse, as well as underwriting, claims and reinsurance systems. Extract and analysing data for varied purposes using SQL;
- Play an active and influential role in reporting process ongoing improvement and automation, in conjunction with other experienced staff inside and outside Actuarial including colleagues from Finance and Underwriting and all other parts of the business;
- Liaise with the IFRS17 project team to develop an understanding of IFRS17 requirements in the live BAU environment. Assist with ongoing development if needed.
- Contribute to other actuarial reserving and reporting tasks as needed.
Knowledge and understanding of the IFRS17 reporting requirements, as well as SII and UK GAAP; - Experience within an actuarial reporting role, ideally in the London Market;
- In depth knowledge and understanding of the underlying principles of insurance and reinsurance;
- Highly developed mathematical / statistical knowledge;
- In depth knowledge, understanding and practical experience in using of a range of actuarial modelling techniques and applications for financial reporting;
- Experience with developing junior members of an actuarial team;
- Willingness to further increase knowledge of Reserving and Reporting related matters and key market topics and develop technical and management skills;
- Experience with or interest in automation of actuarial processes to meet accelerated timetables.