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 achieve plan loss rations 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 prioritizes 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
• Benchmarking against plan objectives
• Delivery of profitable growth of business
• Tactical plan developed with informed targets clearly articulated/cascaded
• Regulator reports positive
• Achievement of cost synergies
• Alignment, and engagement of business areas to tactical goals
• Delivery of business and financial targets (Loss ratio, profit Return on Capital, etc.)
• No major unexpected risk/exposure
• Communicating of all potential financial risks
• Positive feedback from the business
• Actuarial and regulatory standards met
• Aspen’s internal reporting standards met
• Timeliness and accuracy
• Identification and resolution of problems
• Maintenance of, and compliance with documentation of key processes and policies
• Legal and regulatory requirements met
• Adherence to relevant actuarial standards and good practice
• All Group and / or global internal reporting requirements met
• Business continuity maintained and risk of discontinuity minimized
• Evidence of improvement success criteria and synergies
• Demonstrable rigor and validation of models/processes
• Evidence of innovation
• Appropriate technology successfully deployed
• Team performance and adherence to SLAs
• Business continuity plans are effectively deployed and maintained
• Management information is accurate, up to date and well organized and easily accessed
• 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

Skills & Experience

• Expert knowledge of actuarial analysis across pricing, reserving and model development
• Strong technical experience with data manipulation
• Established knowledge of actuarial techniques used for pricing and/or reserving insurance
• Proficient user of simulation techniques and other actuarial techniques used for pricing loss sensitive product features
• Good understanding of financial services industry best practice in actuarial analysis, modelling, and underwriting
• Good understanding of compliance issues
• 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

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.