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- Tasks: Join our team as a Reserving Actuary and perform key analyses and reporting.
- Company: We're a leading specialty insurance and reinsurance provider in the industry.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth.
- Why this job: Make an impact by enhancing reserving processes and working with diverse teams.
- Qualifications: Nearly or fully qualified actuary with 3-5 years of relevant experience required.
- Other info: This role is based in London; visa sponsorship is not available.
The predicted salary is between 43200 - 72000 £ per year.
Arthur is delighted to be collaborating with a specialty insurance and reinsurance provider who are seeking a Reserving Actuary to join their team. This role offers an opportunity to contribute to reserving analyses, regulatory reporting, and business planning while working closely with underwriting, claims, and finance teams.
Responsibilities:
- Perform quarterly reserving for various lines of business, including setting and reviewing reserves.
- Engage with underwriters and claims teams to discuss reserving assumptions and results.
- Present reserving findings to senior management and underwriting teams.
- Prepare regulatory returns for bodies such as the SEC, PRA, and Lloyd’s.
- Contribute to the development of annual business plans and profitability analysis.
- Enhance reserving processes and data management through automation and efficiency improvements.
- Support Solvency II, IFRS 17, and other regulatory reporting requirements.
Requirements:
- Nearly or fully qualified actuary (FIA, FCAS, or equivalent) or significant progress in exams.
- 3–5 years of experience in reserving within the London Market, Lloyd’s, or commercial insurance.
- Strong understanding of reserving methodologies and regulatory frameworks.
- Proficiency in data analysis and modelling tools such as Excel, VBA, SQL, R, Python, or Power BI.
- Effective communication skills, with the ability to explain actuarial concepts to non-specialists.
- Ability to work independently while collaborating with teams across underwriting, claims, and finance.
Other Details:
- This role is based in London, with occasional travel to other office locations as required.
- Candidates must have the right to work in the UK; visa sponsorship is not available.
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Reserving Actuary employer: The Actuary
Contact Detail:
The Actuary Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary
✨Tip Number 1
Make sure to familiarize yourself with the specific reserving methodologies used in the London Market and Lloyd's. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors, especially those who work in reserving. Engaging with industry peers can provide insights into the company culture and expectations, which can be invaluable during the application process.
✨Tip Number 3
Brush up on your data analysis skills, particularly in tools like Excel, SQL, and Python. Being able to showcase your proficiency in these areas during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss how you've contributed to enhancing processes or improving efficiency in previous roles. This aligns well with the responsibilities of the position and shows that you can bring value to the team.
We think you need these skills to ace Reserving Actuary
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Reserving Actuary position. Understand the key responsibilities and requirements, especially the importance of reserving analyses and regulatory reporting.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in reserving within the London Market or commercial insurance. Mention specific projects or tasks that align with the responsibilities listed in the job description.
Showcase Technical Skills: Demonstrate your proficiency in data analysis and modeling tools such as Excel, VBA, SQL, R, Python, or Power BI. Provide examples of how you've used these tools in previous roles to enhance reserving processes.
Communicate Effectively: Since effective communication is crucial, ensure your application clearly explains complex actuarial concepts in a way that non-specialists can understand. This will showcase your ability to collaborate with teams across underwriting, claims, and finance.
How to prepare for a job interview at The Actuary
✨Showcase Your Technical Skills
Be prepared to discuss your proficiency in data analysis and modeling tools like Excel, VBA, SQL, R, Python, or Power BI. Highlight specific projects where you utilized these skills to enhance reserving processes or improve efficiency.
✨Understand the Regulatory Landscape
Familiarize yourself with Solvency II, IFRS 17, and other relevant regulatory frameworks. Be ready to explain how your experience aligns with these requirements and how you can contribute to compliance efforts.
✨Communicate Clearly
Practice explaining complex actuarial concepts in simple terms. This is crucial as you'll need to present findings to senior management and non-specialists. Clear communication can set you apart from other candidates.
✨Demonstrate Team Collaboration
Prepare examples of how you've successfully collaborated with underwriting, claims, and finance teams in the past. Emphasize your ability to work independently while also being a team player, as this role requires both.
