About the Role
Carries out the reserving process, ensuring data quality and highlighting limitations and uncertainties.
Responsibilities
- Carries out the analysis of technical reserves quarterly for multiple lines of business using standard actuarial techniques.
- Performs analysis on large data sets using appropriate tools and techniques.
- Performs data reconciliation between various systems and reports to ensure data reliability and completeness, highlighting data limitations.
- Communicates results, movements, and key uncertainties from reserving analysis to technical and non-technical audiences.
- Prepares supporting documents for quarterly and annual governance structure, including divisional reserving meetings and input to the Reserving Forum.
- Supports the Finance department with preparation of analysis and reporting on reserve-related items.
- Maintains a working knowledge of all reserving bases (Ultimate, GAAP, SII, IFRS, US Situs), including purpose and differences.
- Implements statistical analyses and investigations as requested by actuarial management.
- Assists with implementing process improvement and development of effective tools for reserving analysis.
- Encourages and develops feedback loops with other Actuarial sub-teams and other departments for reserving processes.
- Partners with Claims, Underwriting, Risk, Finance, Management, and Actuarial teams to understand the impact of initiatives and book of business changes, incorporating them into reserve analyses.
- Takes responsibility for engaging other business areas with inputs and outputs from reserving processes.
- Recognizes, implements, and reviews process improvement and development of effective tools for reserving analysis.
- Mentors, provides guidance, and trains actuarial colleagues and the wider business.
Requirements
- 5-8+ years of actuarial experience in P&C insurance, with a strong focus on reserving.
- ACAS required, with FCAS preferred or near completion.
- Experience across commercial or specialty lines of business.
- Strong technical reserving capabilities, including application of multiple methodologies and informed judgment in selecting assumptions.
- Ability to communicate complex results and uncertainty clearly to non-actuarial stakeholders.
- Experience working with large datasets, with strong Excel and data modeling skills.
- Proficiency in SQL, Python, or similar tools, with the ability to leverage modern analytical approaches.
- Demonstrated ability to identify trends, evaluate underlying drivers, and challenge assumptions with a balanced and practical perspective.
- Strong collaboration and communication skills, with the ability to work effectively across actuarial, underwriting, claims, and finance.
Skills
- Excel
- Data modeling
- SQL
- Python
Location
- US
Work Type
- Hybrid working
Experience Level
- 5-8+ years
Education Level
- ACAS required, with FCAS preferred or near completion
Salary/Compensations
- $150,000 - $200,000
Benefits
- Comprehensive benefits package
- Hybrid working
- Competitive base salary
- Non-contributory 401k
- Discretionary bonus
- Medical insurance
- Dental insurance
- Vision cover
- Benefits to enhance financial, physical, social and psychological health
About the Company
- Canopius is a global specialty lines (re)insurer.
- One of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
- Fosters a distinctive, positive culture which enables employees to bring their whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
- Operates a flexible, hybrid working model.
- Committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
Equal Opportunity
- Fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment.
- All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate.
- Encourage and welcome applicants from all diverse backgrounds.
- Make reasonable adjustments throughout the recruitment process and during employment.
- Please let us know if you require any information in an alternate format or any other reasonable adjustments.
