AVP Reserving Actuary

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

The work pattern for the job is Hybrid

The minimum and maximum salaries for this job role are below:

Minimum Salary

• 155,200.00

Maximum Salary

• 194,000.00

The Role

To manage and provide direction to others, so that actuarial services provided within the entity are in line with the actuarial business plan and broader strategic objectives within Aspen.

To actively achieve solutions for complex technical challenges by leading the development, enhancements, maintenance and ensuring corporate and actuarial governance standards are met, with the goal of implementing activities or approaches that meet actuarial standards and support achieving plan loss ratios and profitability as well as Aspen as a whole.

The role requires the ability to interact with Underwriting to secure their buy-in and the ability to apply knowledge and insights concerning actuarial pricing techniques, technology, programming knowledge.

Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key Accountabilities

• Contributes to functional strategy development and prioritises operational deliverables and activities of team to support delivery of overall business targets

• Manages the tactical plan and provides support to others to achieve positive results for the business in line with strategy

• Contribute to shaping Actuarial strategy and provide tactical leadership and support to colleagues to achieve positive results for the business in line with strategy

• Contribute to the delivery of key Actuarial projects in line with Actuarial strategic vision

• Facilitate successful process improvement delivery

• Provide appropriate level of governance, as well as documentation/training material for the specific work being undertaken, in line with professional standards and/or Aspen specific standards and regulatory requirements

• Develop, maintain and validate actuarial systems, data, reporting and procedures to ensure that these are aligned with business needs and fit for purpose

• This is to include adopting efficient and consistent actuarial models and processes and/or technologies where appropriate.

• Manage and continually develop the actuarial function to ensure its delivery and services best meet business needs, by

• Instigating new projects and initiatives

• Assessing and inputting to the purchase and development of risk analysis and management systems

• Build and maintain relationships with internal and external stakeholders to improve customer focus and to be the primary point contact for relevant business units in relation to actuarial services.

• Collaborate effectively with colleagues and third parties from actuarial and other disciplines to achieve successful outcomes

• Provide and participate in feedback and cross training to/from other members of Actuarial, as required

• Assist in wider initiatives, as required, and prioritised by Senior Actuarial Management, in line with business needs - such as Outwards Reinsurance Remediation, CPI Premium/Planning Investigation, Enstar Database Reconciliation, Bridging the Work between Pricing, Reserving, and Finance (ex. premium, results) for internal and external reporting.

• Network within Actuarial functions, and counterparts within Aspen, around the world, to encourage the sharing and adopting of best practice

• Specify approaches, structure, and associated testing of actuarial analysis, as required

• Maintain and develop actuarial best practice in line with the strategic priorities of the business

• Identify areas for process or actuarial methodology improvement and create cases for these to be implemented as appropriate.

• Enhance organizational initiatives by positively influencing and supporting change management initiatives within assigned areas of responsibility

• Analyse information and utilize actuarial models to produce standard and ad hoc reports to inform and advise in relation to predicted risk and associated costs particularly in relation to:

• Reserving

• Quarterly financial reporting

• Sustainability

• Rights Options

• Commutation

Skills & Experience

• Effective communication

• Ability to persuade and influence both directly and indirectly

• Ability to manage people and other resources effectively

• Ability to produce detailed reports at various levels

• Expert user in Excel and other analytical tools.

• Ability to conceptualise and lead others in their use for solving specific problems

• Excellent in the use and interpretation of numerical data

• Ability to organize work to meet deadlines

• Ability to work within defined procedures as recommended by functional teams

• Qualified Actuary (preferably Fellow of) accredited by Institute of Actuaries or equivalent body

• Extensive experience in corporate or consulting environment, the majority in general insurance

• Extensive general experience in insurance industry involving data/analysis/systems/projects

• Preferred area of studies in a field where analytical and problem-solving skills are fundamental and clear written and verbal communication skills were encouraged

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.