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- Tasks: Lead reserving processes and collaborate with teams to enhance actuarial analytics.
- Company: Join a top-tier specialist insurer in the dynamic Lloyd's/London market.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth and development.
- Why this job: This role offers a chance to impact retail classes while working with experienced professionals.
- Qualifications: Ideal candidates have a personal lines reserving background or consultancy experience.
- Other info: Be part of a team focused on innovation and efficiency in reserving practices.
The predicted salary is between 48000 - 72000 £ per year.
We have partnered with a market leading specialist insurer to find them a Reserving Manager, likely from a personal lines background or consultancy. This is a fantastic opportunity for someone from a personal lines reserving background to move closer to the Lloyd’s/London market while keeping a focus on "retail" classes of business. The role includes but is not limited to:
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Specialist motor book (Commercial, HNW, fleet etc).
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Reporting into the head of reserving, in a team of 4 but working closely with a larger mirrored reserving team of 8-10.
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Manage UK GAAP and solv ii best estimate calculations before sign off by the head of reserving.
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Manage the review of claims data preparation and setting of assumptions for all perils.
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Assist reserving discussions with UW, Reinsurance, finance, Capital and claims to generate results.
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Quarterly reserving documentation, presentation packs and reports.
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Support reserving transformation projects including development or new/existing processes, promote efficiency/automation, design build and enhance actuarial analytics.
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Assist finance in the production of the Lloyd’s Q and annual returns, TP’s and liase with external SAO actuaries/auditors.
Reserving Actuary - Manager employer: High Finance (UK) Limited
Contact Detail:
High Finance (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary - Manager
✨Tip Number 1
Familiarize yourself with the Lloyd's and London market. Understanding the nuances of this environment will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the personal lines reserving space. Attend industry events or webinars to connect with potential colleagues and learn about current trends and challenges in the field.
✨Tip Number 3
Brush up on your technical skills related to UK GAAP and Solvency II calculations. Being able to discuss these topics confidently will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with claims data preparation and assumptions setting. Be ready to provide examples of how you've contributed to similar projects in the past.
We think you need these skills to ace Reserving Actuary - Manager
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements. Highlight your experience in personal lines reserving or consultancy, as this is crucial for the role.
Tailor Your CV: Customize your CV to reflect your relevant experience in reserving, particularly in specialist motor books and retail classes of business. Use specific examples that demonstrate your skills in managing UK GAAP and Solvency II calculations.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the needs of the company. Emphasize your ability to work collaboratively with underwriting, finance, and claims teams, and mention any experience with reserving transformation projects.
Highlight Analytical Skills: In your application, make sure to showcase your analytical skills and experience with actuarial analytics. Discuss any tools or methodologies you have used to promote efficiency and automation in reserving processes.
How to prepare for a job interview at High Finance (UK) Limited
✨Showcase Your Technical Skills
Make sure to highlight your experience with UK GAAP and Solvency II calculations. Be prepared to discuss specific examples of how you've managed these processes in your previous roles.
✨Demonstrate Collaboration Experience
Since the role involves working closely with various teams, share examples of how you've successfully collaborated with underwriters, finance, and claims departments in the past.
✨Prepare for Technical Questions
Expect questions related to reserving methodologies and assumptions. Brush up on your knowledge of claims data preparation and be ready to explain your approach to setting assumptions for different perils.
✨Discuss Transformation Projects
Be ready to talk about any experience you have with process improvements or automation in reserving. Highlight any projects where you contributed to enhancing actuarial analytics or efficiency.
