Actuarial Reserving Analyst

We’re 1st Central, a market‑leading insurance company that utilises smart data and technology to deliver excellent service to 1.4million customers and to our colleagues. 1st Central is seeking an Actuarial Reserving Analyst to provide analysis and insight on claims reserves, assist in calculating a Best Estimate claims reserve for Motor and Home business, and make recommendations to senior members of the Reserving team.

Key Responsibilities

• Assist in the production of timely and accurate best estimate reserves for Motor and Home to the Head of Reserving.
• Support the Reserving team’s monthly reporting requirements, including monitoring claims experience.
• Support improvements to the reserving process.
• Identify solutions to everyday business issues and provide recommendations.
• Analyse detailed claims and premium data for actuarial reserving analysis.
• Produce new analyses using appropriate software to promote efficient processes.
• Produce findings in a clear and logical manner.
• Assist in the production of inputs into the SolvencyII technical provision model.
• Ensure compliance with company and relevant standards/regulations at all times.
• Communicate effectively with colleagues and stakeholders.

Qualifications and Experience

• Degree in a mathematical or science‑based discipline.
• Some experience working within a personal lines insurance company, with exposure to Motor and/or Home lines of business.
• Experience in data analysis software (e.g. SAS, R, Python), Excel and statistical techniques such as linear regression.
• Knowledge of personal lines insurance data, purposes and uses.

Skills and Competencies

• Strong data analysis, reporting, and statistical skills.
• Advanced MS Office skills, particularly Excel.
• Excellent numerical and analytical thinking with a logical approach to problem solving.
• Strong computer skills, familiarity with actuarial and data software such as ResQ.
• Good time management, organisational skills, and the ability to work independently and as part of a team.
• Effective verbal and written communication skills.

Working Environment

• Flexible hybrid working – teams are based across Salford Quays (Manchester), Haywards Heath (West Sussex), and Gibraltar.
• Typically work from home but meet in person once a week or fortnight to facilitate collaboration.

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