Actuarial Reserving & Monitoring Manager

Advertising End Date:
30 Aug 2019
Vacancy Type:
About The Role

DAS UK Group is recruiting for an Actuarial Reserving & Monitoring Manager to join our busy Actuarial department, reporting directly to the Chief Actuary. The core responsibility of this role is to lead the assessment and reporting of claims reserves by monitoring and analysing exposure and claims experience. This is a key role in our business and involves regular contact with senior leaders as well as experts from technical and operational functions.

We are open to considering flexible working arrangements for this position. 

As a Reserving & Monitoring Manager you will:

  • Recommend the level of claims reserves to be held and investigate the suitability of other technical reserves.
  • Create and develop processes and models to allow timely and accurate submission of financial results, adhering to governing laws, company policies and professional standards.
  • Predict the cost of insurance risk using actuarial techniques.
  • Act as line manager to a team of actuarial specialists, guiding their professional development and assisting with the development of others in the team.
  • Monitor developments in legislation, group guidance and actuarial standards; co-ordinate impact analysis and adoption; monitor adherence; educate members of the department.
  • Control insurance risk by monitoring exposure and claims performance, ensuring that the results are then embedded into processes owned by and information consumed by the risk-bearing areas of the business.
  • Liaise with internal, Group and external auditors, implementing recommended actions as required.
About You

We are looking for candidates who are Fellows of the Institute and Faculty of Actuaries or equivalent and who have:

  • The ability to form a well justified, independent actuarial view, communicate it clearly and defend it in response to challenges.
  • The ability to build good working relationships with a wide range of DAS UK stakeholders from different disciplines, as well as ERGO and Munich Re Group functions.
  • Team leadership experience.
  • Deep knowledge of non-life actuarial modelling, including reserving.
  • Ability to innovate in actuarial techniques.
About The Company
As a market leader in the Legal Expenses Insurance market we have undergone rapid growth in recent years.

Thousands of businesses, motorists and individuals defend or pursue legal action each year safe in the knowledge that DAS are paying their legal bills. We have always been aware that it is the people that really make it happen; the quality of our people defines the quality of the company and the standard of service we offer.

DAS who are owned by the ERGO Insurance Group, one of the major insurance groups in Germany and Europe hold the coveted Investor In People award, demonstrating our dedication to the development of the best staff in the industry. At DAS, we don’t simply talk about our values they are at the heart of everything we do. They guide us with the way that we work and provide the framework for how we do business. ‘Doing the right thing’ is central to our behaviour – from building  trust, being accountable, putting our customer at the heart of everything that we do which we believe drives performance

We believe it is an exciting time to join DAS. You can expect an organisation that will challenge and develop you to progress your career.  

By giving you every opportunity to develop yourself professionally and personally, we also pride ourselves on having an open, inclusive and high energy culture that encourages a fun working environment and places our customers at the very heart of everything we do.

If you are keen to become part of our exciting future then we would love to hear from you. In addition to the very genuine development opportunities we provide we also offer an extremely generous reward and benefits package.