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- Tasks: Analyse client portfolios and assist with reinsurance placements while collaborating across teams.
- Company: Lockton is a leading privately-owned broker, dedicated to exceptional client service.
- Benefits: Enjoy a supportive work environment with opportunities for professional development and collaboration.
- Why this job: Join a dynamic team that values analytics and fosters strong client relationships in a service-focused culture.
- Qualifications: FIA qualification preferred; strong actuarial knowledge and effective communication skills required.
- Other info: Coding skills are a plus but not mandatory; this role offers exposure across the business.
The predicted salary is between 43200 - 72000 £ per year.
Join to apply for the role at Lockton. Your Responsibilities: Lockton Re is part of one of the world’s largest privately-owned brokers, focusing on delivering exceptional service to its clients. With over 350 colleagues across 17 locations, the team values analytics as a core principle. We are seeking an experienced Casualty Actuary to join our team, working closely with brokers and clients. The role involves deploying actuarial expertise and creative analytics to advise on risk management strategies and reinsurance purchasing decisions, advocating for superior outcomes with markets, and working as part of the broking team. The position is aligned with the Lockton Re International Property & Casualty division but offers exposure across the business in a relationship-driven, service-focused environment.
Key Tasks and Duties:
- Use actuarial techniques to analyze client portfolios for understanding loss exposure and volatility.
- Assist with reinsurance placements and new business pitches.
- Contribute to expanding Lockton Re’s analytical toolkit by collaborating across teams to develop methodologies.
- Build and maintain relationships with clients and markets.
- Support senior actuaries and invest in the professional development of team analysts.
Qualifications:
- FIA qualification preferred.
- Strong knowledge of actuarial techniques, especially related to Casualty-specific reinsurance.
- Effective communication skills for technical and non-technical audiences.
- Ability to build positive stakeholder relationships.
- Coding skills are a plus but not required.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Insurance
Senior Reinsurance Actuary employer: Lockton
Contact Detail:
Lockton Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reinsurance Actuary
✨Tip Number 1
Network with professionals in the reinsurance and actuarial fields. Attend industry events, webinars, or local meetups to connect with people who work at Lockton or similar companies. Building these relationships can give you insights into the company culture and potentially lead to referrals.
✨Tip Number 2
Stay updated on the latest trends and developments in casualty reinsurance. Follow relevant publications, blogs, and forums to enhance your knowledge. This will not only prepare you for interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've used actuarial techniques in previous roles. Be ready to explain your thought process and the outcomes of your analyses. This will showcase your expertise and problem-solving skills during discussions with potential employers.
✨Tip Number 4
Familiarise yourself with Lockton's values and mission. Tailor your conversations to reflect how your experience aligns with their focus on exceptional service and analytics. Showing that you understand and resonate with their goals can set you apart from other candidates.
We think you need these skills to ace Senior Reinsurance Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as a Casualty Actuary and any relevant qualifications, such as your FIA certification. Emphasise your analytical skills and any specific projects that demonstrate your expertise in risk management and reinsurance.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Lockton and explain how your background aligns with their needs. Mention your ability to communicate complex actuarial concepts to both technical and non-technical audiences, as this is crucial for the position.
Showcase Your Analytical Skills: Provide examples of how you have used actuarial techniques to analyse portfolios or assist with reinsurance placements in previous roles. Highlight any innovative methodologies you developed or contributed to, as this will demonstrate your value to the team.
Prepare for Interviews: If invited for an interview, be ready to discuss your experience in detail. Prepare to answer questions about your approach to building client relationships and how you advocate for superior outcomes in reinsurance purchasing decisions.
How to prepare for a job interview at Lockton
✨Showcase Your Actuarial Expertise
Be prepared to discuss your experience with actuarial techniques, especially those related to Casualty-specific reinsurance. Highlight specific projects where you've successfully analysed client portfolios and how your insights led to improved risk management strategies.
✨Demonstrate Strong Communication Skills
Since the role involves working closely with brokers and clients, practice explaining complex actuarial concepts in simple terms. This will show that you can effectively communicate with both technical and non-technical audiences.
✨Emphasise Relationship Building
Lockton values relationship-driven service, so be ready to share examples of how you've built and maintained positive stakeholder relationships in previous roles. Discuss any strategies you've used to foster collaboration and trust.
✨Prepare for Technical Questions
Expect questions that test your knowledge of actuarial techniques and methodologies. Brush up on relevant coding skills if you have them, as they could give you an edge, even if they're not required for the role.
