Reserving Manager

Argenta Group is headquartered in London and has a presence in Australia, employing circa 300 people globally. We are proud of our unique and rich history of trading in the Lloyd’s market, both as a Syndicate and Members’ Agency, and to be part of the Hannover Re Group. Our long standing workforce are our greatest asset; the expertise and knowledge they bring has resulted in our successful track record and continues to shape our future growth strategy.

About the role

To assist the Head of Reserving and Chief Actuary in activities across all managed Syndicates and other duties where necessary.

Key Responsibilities

• Assisting the Head of the Reserving Function, with key reserving judgements and report writing.
• Present results of Reserving Analysis to the Chief Actuary as well as senior underwriting and claims personnel.
• Provide direction and lead a fully effective and engaged team, including responsibility for resourcing, performance management, coaching and developing team members.
• Develop business processes, implement new technologies and new methodologies to ensure continued relevance and efficiency.
• Responsible for data processing, set up and delivery of quarterly reserving and reporting processes.
• Assist with design and regular production of reserve monitoring statistics for reporting to senior management and relevant committees.
• Assist with the completion of external documents, as required by regulators e.g. Lloyd’s
• Communicate with the external auditors when required and lead engagement with SAO providers.
• Maintain appropriate records for all work and assist with the maintenance of all key reserving documentation.
• Undertake any other duties as may be reasonably required.

Working for a regulated Company, you will be expected to perform your duties to the highest of standards, in accordance with the following Conduct Rules as specified by the FCA:

You must act with integrity

You must act with due care, skill and diligence

You must be open and co-operative with the FCA, PRA and other regulators

You must pay due regard to the interests of customers and treat them fairly

You must observe proper standards of market conduct.

Skills & Experience

• Qualified actuary, with demonstrable general insurance experience.
• Previous experience of Lloyd’s business is highly desirable.
• Experience of quarterly/year end reserving processes and reporting.
• Knowledge of actuarial reserving techniques is essential.
• Excellent computing skills are essential and competency in use of office IT applications.
• Excellent Excel and report writing skills.
• Knowledge of Python or other coding experience is desirable.Knowledge of Res-Q desirable.
• Attention to detail and ability to solve problems using their own initiative.
• People management experience desirable.
• Strong communication skills, both oral and written.
• Strong work ethic, comfortable working through periods of high demand and able to prioritise workload.

Values

These four values underpin our culture framework and sit at the heart of how we work at Argenta:

• Integrity:
  Hold ourselves & each other to the highest standards. Speak openly with candour and respect. Do the right thing even when it's difficult.
• Curiosity:
  Have the courage to ask questions. Challenge the status quo. Think differently to find solutions.
• Empowerment:
  Trust each other. Be ambitious. Be accountable and own the delivery.
• Collaboration:
  Work together forshared goals. Be supportive and kind to help each other succeed. Invest in relationships that are built to last.

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