Reserving Actuary

at  Apollo

WHO WE ARE:

Apollo is a specialised independent (re)insurer, established in 2009, to deliver top-tier products and services to clients, brokers, and capital partners at Lloyd’s. The name “Apollo” was inspired by the achievements of one of its founding investors, Neil Armstrong, the first person to walk on the moon in 1969. Together with Jim Hays, Neil identified an opportunity to create a unique service provider within Lloyd’s.
Since its inception as Apollo Syndicate 1969, the company has expanded its range of insurance solutions, offering everything from traditional and specialty lines to innovative sharing economy products and managing agency services at Lloyd’s. Today, Apollo continues to grow with a team of over 250 professionals dedicated to fulfilling the company’s mission of supporting a resilient and sustainable future.

YOUR ROLE:

Reporting to the Head of Reserving, providing actuarial support to the business including delivery of regular reserving for the syndicates under management.
Ensuring that the feedback loop between Reserving, Capital, Pricing and Portfolio Management, as well as other areas of the business is working effectively and efficiently including Claims, Underwriting and Finance.
Contribute to the development of the reserving process, methodology, and existing SQL/Excel/VBA based suite of reserving tools.

WHAT YOU’LL DO:

• Assist in the quarterly reserving process including, for a set number of classes, directing and reviewing the work completed by more junior team members. This includes estimating ultimate claims and premiums and the earned / unearned equivalents on a UK GAAP basis.
• Help support the processing of data, performing data checks and management of data through the quarterly reserving process.
• Undertake discussions with (but not limited to) claims, underwriting and finance as to the intended level of reserves.
• Undertake reserving deep dives into specific areas of interest in the portfolio
• Assist in the development of the in-house SQL/Excel/VBA reserving tools.
• Undertake the Solvency II Technical Provisions, US Trust Fund calculations and other regulatory deliverables as required.
• Assist in the development of management information and reporting for internal and external stakeholders.
• Undertake, where appropriate, in the analysis of new lines of business
• Assist development of more junior members of the team