Actuarial Consultant (General Insurance sector)

Actuarial Consultant (General Insurance Sector)

Company: SRS Europe Limited (“SRS”)
Job Description: Work within our European actuarial consulting team to provide actuarial support to a range of captive and commercial insurers globally.
Job Role: We are seeking a highly skilled and part-qualified actuarial analyst to join our team. The ideal candidate will have at least two prior years’ experience relating to Solvency II regulatory requirements and reserving of European domiciled non-life (re)insurance companies and captives. This exciting opportunity will allow a part-qualified actuary the opportunity to work with several senior actuarial consultants located throughout Europe, working to service both English and French speaking clients.
Responsibilities and Duties:
· Training and Development: Work under the guidance of senior actuaries to gain practical insights and professional advice. Engage in internal training programs to enhance proficiency in relevant software tools like Excel and R, whilst also attending industry workshops, seminars, and conferences to stay updated on the latest trends and developments in actuarial science. Have an allocated time for studying and preparing for actuarial exams.
· Solvency II Regulation: Work independently, or with our highly skilled account managers and analysts / actuarial team colleagues to manage our clients operating under Solvency II legislation (or equivalent). Work will include, working with actuarial function holders and account managers to produce technical provisions, calculate Solvency Capital Requirements, opine on underwriting, reinsurance arrangements and the contribution to the effective implementation of the risk management system. Work will also include completing the relevant disclosures.
· Client Advisory: Build and maintain strong relationships with new and existing clients, helping to provide expert advice on Solvency II compliance, including risk management, capital requirements, and regulatory reporting.
· Reserving Studies: Assist with reserving projects for captives and small/medium sized commercial non-life insurance companies.
· Stakeholder Collaboration: Work closely with client teams, including finance, risk management, and compliance, to ensure a cohesive approach to Solvency II implementation.
· Actuarial Consulting: Consult and advise on a range of actuarial offerings for captives and commercial insurance companies to include Risk Finance Optimisation and Multi-Line/Year modelling.
Qualifications and Skills:
Required Experience

• Strong academic record including:
  
  • Numerical degree at a minimum of bachelor level (or equivalent).
  • A member in good standing of an actuarial institute (i.e. IFoA or similar).
• Programming skills (e.g. R, Phyton, VBA)
• Experience of working within the non-life insurance industry for a consultancy firm or directly for a(re)insurance undertaking or brokerage.

Required Skills

• Strong analytical, technical and communication skills (both written and oral) with a keen attention to detail.
• Excellent presentation skills, with the ability to explain complex concepts to non-actuarial stakeholders.
• Fluent in English, French, (Italian and German a distinct advantage).
• Ability to quickly adapt to using new actuarial software and tools.
• Ability to adhere to deadlines and manage multiple projects and tasks efficiently.
• Problem-solving skills with a creative and proactive approach.

Preferred Experience, Beneficial but not Crucial

• Experience in insurance pricing and costing model and tool development.
• Working knowledge of IFRS 17 and experience in completing disclosures.

Personal Attributes

• Honest, trustworthy, and precise in all tasks.
• Eager to take on challenges and contribute to the growth of a new business in Europe.
• Enthusiastic about working in a dynamic and expanding organisation.
• Open to potential travel opportunities as needed.

What We Offer

• A challenging and rewarding role in a growing international company.
• Opportunities for professional development and career advancement.
• A supportive and collaborative work environment.

Top of Form

SRS Europe Limited (“SRS”), part of the world’s largest independent captive insurance management firm, provides financial reporting, regulatory compliance, and program management services to the insurance and alternative risk financing industry. We operate throughout Europe, the United States and in offshore domiciles (Barbados, Bermuda, and the Cayman Islands).
Offering an excellent salary, bonus plan, and a generous benefits package, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. The pace is fast and demanding, but SRS's dedication to its people has established a company-wide network of colleagues committed to each other's, as well as the Company's, success.