JOB TITLE:

Reserving Officer

DIVISION:

Finance

DEPARTMENT:

GI Actuarial Department

JOB GRADE:

10

LOCATION:

GT Tower International

REPORTING TO

(ROLE):

GI Reserving Director

NUMBER OF DIRECT

REPORTS:

None

MAIN PURPOSE

OF THE JOB:

The Reserving Officer role is responsible for delivering and communicating the monthly reserves estimates which are an integral part of the financial reporting process. This role will play a key part in the company’s efforts to monitor loss ratio results to achieve underwriting profitability.

KEY ACCOUNTABILITIES:

·         Research and pilot the adoption of innovative solutions to enhance the efficiency, accuracy, and analytical capabilities of the team, e.g. automation of repetitive tasks, advanced data analytics tools, etc.

·         Analyze the underlying reserving data for insightful trends, drivers of claims development, and potential areas for improvement in underwriting or claims handling.

·         Execute the local reserving framework including initial reconciliations, best estimate/moderate scenario selections, controls, and process documentation.

·         Implement reserving models and processes for periodically selecting and reporting claims liabilities for the company.

·         Update the actuarial assumptions in the reserving models including initial expected loss ratios, loss development factors, and method weights allocation.

·         Prepare and validate all internal, external, and regulatory reporting requirements.

·         Conduct the monthly monitoring and reserving process and quarterly full reserves reviews.

·         Provide support in the clearance with the Chief Actuary, CFO, and other Business Unit heads, on the financial impact of full reviews.

·         Work with parties such as Risk Management (Local and Regional), external peer reviewers, and auditors on different layers of reserves review.

·         Comply with all relevant external regulations and internal AXA Group Standards and Guidance.

KEY

STAKEHOLDERS:

Actuarial, Accounting, Claims, Underwriting, Reinsurance, IT, Compliance, Risk Management, Internal Audit

EXPERIENCE AND QUALIFICATIONS:

·         Bachelor's degree in Actuarial Science, Statistics, Mathematics, Data Science, Computer Science, or a related field.

·         Minimum 3 to 5 years of experience in actuarial valuation in an insurance/reinsurance company or consulting background.

·         Communicate effectively with senior management and key stakeholders regarding the bases and implications of actuarial and financial results using data visualization and storytelling techniques.

·         Strong knowledge and experience in preparing, managing, and automating datasets for reserving analyses.

·         Basic knowledge and experience in using reserving and machine learning software, e.g. Python or ResQ.

·         Basic knowledge of general insurance principles, products, and practices.

·         Excellent analytical and organizational skills and strong attention to detail.

·         Ability to work independently and as part of a team.

·         Proven ability to operate effectively at all levels and gain the trust and confidence of colleagues and senior management.

·         Good business judgment; and ability to solve complex issues with pragmatic solutions.