Reserving analyst M/F

Crédit Agricole

Dublin
Permanent
Full-time

1 month ago

Crédit Agricole Assurances, France's largest insurance group, unites together Crédit Agricole's insurance subsidiaries. The Group offers a range of savings, retirement, health, personal protection and property insurance products and services. They are distributed by the Crédit Agricole's banks in France and in seven other countries around the world by financial advisers and multi-line insurance agents. The Crédit Agricole Assurances companies serve individuals, professionals, farmers and businesses. At the end of 2022, Crédit Agricole Assurances has 5,700 employees and Its premium income amounted to €35.3 billion (IFRS).As the leader creditor insurance operator in France,the third-biggest European specialist in this segment, the 1rst in France concenrning the death benefit, funeral and dependence insurances , we provide a comprehensive range of financial protection products and services to cover the risks due to death, off work, dependence for families, employees and professionals through multi-channel pathways integrated into our partners' processes : retail banks and specialised financing companies in France and Europe. It represents around 500 employees located in Paris, Lille, Dublin and Milan.
Working every day in the interest of society, our Group is committed to diversity and inclusion. To find out more on our Diversity Policy, click here: https://www.credit-agricole.com/en/pdfPreview/198689Reference 2024-87264Publication date 13/03/2024Job descriptionBusiness typeTypes of Jobs - InsuranceJob titleReserving analyst M/FContract typePermanent ContractManagement positionNoJob summaryDUTIES AND RESPONSIBILITIESReserving:

Calculate reserves in a timely and accurate manner
Participate in the development and testing of new methodologies for calculating the technical reserves
Produce control cards in line with risk management requirements of internal control
Conduct experience surveys on mortality, morbidity etc.
Participate in the updating of reserving policies and measure the impact of the updated reserving policies
Production and review of the Technical Accounts and Reinsurance accounts on an ongoing basis to ensure they are in line with the current Reserving Policy
Produce and check the Profit Shares calculated for our partners in line with our agreements
Participate in the implementation of the reserves calculation in the Data Centralizer (Project Titan)
Participate in the implementation of a Control Framework for the Data Centralizer Technical Accounts
Annalise the gaps between Local GAAP and IFRS17
Assist the S2 Modelling Team in meeting the input requirements of the Actuarial Function regarding Technical Provisions expertise and Data Quality

Projects:

Work as part of a team and independently to complete projects in a timely manner
Liaise with teams outside of the actuarial department and other Group departments

Processes:

Develop, update, implement and improve processes related to the activity of the actuarial department
Participate in the writing of procedures

Liability Adequacy Reporting:

Produce quarterly controls in line with Risk Management requirements
Analyse the variation in the claims experience

Database Management & Reporting:

Work on testing single integrated database management with data quality team experts
Maintain, update and upgrade on a daily basis the actuarial SAS database
Assist in defining reporting requirements while setting up new partners / products

Budget:

Provide necessary actuarial assumptions for preparation of budget
Responsible for checking the budget completed by the underwriting team

External relations:

With IT, Project, Administration & Operations, Finance and Business Development Departments
With corporate clients and Third Party Administrators (TPA)

Position locationGeographical areaEurope, IrelandCityDublinCandidate criteriaMinimal education levelBachelor Degree / BSc Degree or equivalentAcademic qualification / SpecialityActuarial Trainee with some experience working in an actuarial roleLevel of minimal experience3-5 yearsExperience

Actuarial Trainee with 2 years' experience
Experience with SAS/SQL and VBA Programming an advantage
Experience working with Microsoft packages, particularly Excel, a necessity
Knowledge of common Reserving techniques an advantage. (eg: Bornheutter Ferguson, Chain Ladder, Mack Method)

Crédit Agricole

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