The candidate will report to the Group Head of P&C Actuarial & Business Reviews.
The Group Risk Management is a strategic department within this international company dealing with the
most sophisticated P&C challenges and influencing strategic development decisions
in P&C operations of a leading international insurance and reinsurance company.
The candidate will have to play a strong role in the achievement of the team
objectives, notably maintaining the Group's reserves at an adequate level, modelling
all P&C Lines of Business' risks (except natural events) and coordinating /
conducting in-depth reviews of entities sponsored by the Group Management.
The candidate will interact with entity's top management and in particular with the
Heads of Actuarial, Underwriting, Claims and Finance departments.
− Provide the Group with opinion on the Technical Reserves.
− Regularly conduct in-depth reviews (IDR) of P&C entities to review the local
underwriting, the claims management processes and the reserving.
− Perform specific Technical Reserves review on a particular portion of the business
whose complexity or materiality may require a Group opinion.
− Contribute to the definition of the Group Standards and Solvency 2 Policies for
underwriting, claims management and reinsurance.
− Lead the Product Approval Process (PAP) which is applicable group-wide to
portfolio review and new business launch.
− Elaborate Group Risk Management's opinion on risks and initiatives submitted to
the Group Underwriting Committee (GUC) approval.
- Ensure Group Risk Management's P&C Business expertise.
− Define and supervise the P&C exposure collection In the Clymene Group
Reporting tool for local entities' P&C lines of business exposure (except Cat Nat)
− Lead and develop the modelling of the Group P&C risk for all P&C business (e.g.
Liability, Cyber,…) except Natural Catastrophe risk. Hence deduce the reinsurance
cover to be purchased at Group level in line with Group Risk Appetite.
− Suggest and discuss the Group Risk Appetite limits for the various P&C lines of
business, to be set by the Group Audit Risk & Compliance Committee (ARCC).
With a team of over 200 and growing every day, Goodman Masson is one of London’s specialist Finance and Technology recruitment businesses. Voted ‘Best Recruitment Company to Work For’ in 2018, our passion for what we do is clear.
Based in London, Düsseldorf and New York, we hold annual revenues exceeding £42 million. This includes Qualified & Part-Qualified / Transactional Finance, Actuarial & Investment Management, Audit, Banking Operations, Compliance & Financial Crime, Front Office, Housing Development, Information & Cyber Security, Technology, Digital & Data, Product Control & Valuations, Projects, Change & Transformation, Risk & Regulation, Tax and Treasury.
We also have a Solutions team who provide RPO, hybrid and volume recruitment services. Alongside this, Goodman Masson have developed an Executive Search team who focus on sourcing C-suite talent to fee earning Legal partners.