At a Glance
- Tasks: Join a dynamic team to contribute to key reserving processes and enhance automated tools.
- Company: Be part of a leading firm in the London insurance market, shaping its future.
- Benefits: Enjoy a collaborative environment with opportunities for growth and development.
- Why this job: Work closely with senior leaders and make a real impact on the business.
- Qualifications: Ideal for nearly/newly qualified actuaries with knowledge of reserving techniques.
- Other info: Proficiency in Excel or Python is a plus; perfect for tech-savvy candidates.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a talented Reserving Actuary to join a leading firm in the London insurance market. This is a fantastic opportunity for a nearly/newly qualified actuary to work in a collaborative, dynamic team, where you will contribute to key reserving processes and help shape the future of the business.
- Contribute to quarterly reserving processes, including parameter setting and report writing.
- Work closely with the Reinsurance team to estimate RI Ultimate premiums and key reserving assumptions.
- Develop and enhance automated reserving tools and processes.
- Assist with the reserve risk parameterisation of the capital model.
- Collaborate with other teams on quantitative analysis and internal model validation.
- Support Solvency II requirements and provide actuarial opinions on key business functions.
- Support transformation work.
- Work closely with senior leaders including the Chief Actuary, Reserving Manager and other senior leaders.
This is a great opportunity for a nearly/newly actuary with knowledge of actuarial reserving techniques to grow their career within a supportive and forward-thinking environment. Proficiency in Excel, Python or coding experience is a plus.
Reserving Actuary employer: High Finance (UK) Limited T/A HFG
Contact Detail:
High Finance (UK) Limited T/A HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary
✨Tip Number 1
Network with professionals in the insurance and actuarial fields. Attend industry events or webinars where you can meet actuaries and learn about their experiences. This can help you gain insights into the role and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest trends in reserving techniques and Solvency II requirements. Staying updated on industry standards will not only boost your confidence but also demonstrate your commitment to the field during interviews.
✨Tip Number 3
Showcase your technical skills, especially in Excel and Python, through practical examples. If you have worked on projects that involved automated reserving tools or quantitative analysis, be ready to discuss these experiences in detail.
✨Tip Number 4
Prepare thoughtful questions for your interviewers about the company's reserving processes and team dynamics. This shows your genuine interest in the role and helps you assess if the company culture aligns with your career goals.
We think you need these skills to ace Reserving Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills related to reserving processes, actuarial techniques, and any coding proficiency you have. Use keywords from the job description to catch the employer's attention.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to contribute to quarterly reserving processes and collaborate with teams, as outlined in the job description.
Showcase Technical Skills: If you have experience with Excel, Python, or other coding languages, be sure to include this in your application. Provide examples of how you've used these skills in previous roles, especially in relation to automated reserving tools.
Highlight Collaborative Experience: Since the role involves working closely with senior leaders and various teams, emphasise any past experiences where you successfully collaborated on projects. This will demonstrate your ability to work in a dynamic team environment.
How to prepare for a job interview at High Finance (UK) Limited T/A HFG
✨Showcase Your Technical Skills
As a Reserving Actuary, you'll need to demonstrate your proficiency in Excel and any coding experience you have, particularly with Python. Be prepared to discuss specific projects where you've used these skills to solve problems or improve processes.
✨Understand the Business Context
Familiarise yourself with the key reserving processes and how they impact the overall business. Research the company’s approach to reserving and be ready to discuss how you can contribute to their goals, especially in relation to Solvency II requirements.
✨Prepare for Collaborative Scenarios
Since the role involves working closely with various teams, think of examples from your past experiences where you've successfully collaborated on projects. Highlight your ability to communicate complex actuarial concepts to non-technical stakeholders.
✨Ask Insightful Questions
Prepare thoughtful questions that show your interest in the role and the company. Inquire about the team dynamics, the tools they use for automated reserving processes, and how they support the professional development of their actuaries.