Corporate Reserving Analyst

Corporate Reserving Analyst

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join a dynamic team to manage quarterly reserving tasks and enhance data quality.
  • Company: Be part of a global insurance leader shaping the future of finance.
  • Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
  • Why this job: Make an impact in a collaborative environment while developing your analytical skills.
  • Qualifications: Minimum 3 years of reserving experience required; strong analytical skills are a must.
  • Other info: Work closely with senior stakeholders and contribute to high-level decision-making.

The predicted salary is between 36000 - 60000 £ per year.

Global insurance company has a newly created role to work directly with the Head of Corporate Reserving. You will have a minimum of 3 years reserving experience.

Responsibilities:

  • Assist with quarterly reserving responsibilities, including data quality checks, peer review of IBNR selections, and contributing to the quarterly reserving process.
  • Lead the preparation of best practice reserve materials and outputs for key stakeholders such as the CFO Reserve Meeting and Group Reserve Committee Meeting.
  • Assist with communications with external auditors, internal audit, etc.
  • Support maintenance and understanding of the reserve platform, including quick implementation of selections and judgments, and suggest improvements.
  • Liaise with wider business initiatives to enhance data quality.
  • Assist with group-wide analytical projects, such as frequency-severity methods and loss ratio movement analysis.
  • Provide reserving inputs for regulatory needs, including IFRS17, Solvency II, BMA Economic Balance Sheet, Singapore MAS actuarial opinions, and International Capital Standard calculations.

Corporate Reserving Analyst employer: Bolton Associates

As a leading global insurance company, we pride ourselves on fostering a collaborative and innovative work environment where Corporate Reserving Analysts can thrive. Our commitment to employee growth is evident through tailored training programmes and opportunities to engage with senior leadership, ensuring that your contributions are valued and impactful. Located in a vibrant city, we offer competitive benefits, a supportive culture, and the chance to be part of a forward-thinking team dedicated to excellence in the insurance sector.
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Contact Detail:

Bolton Associates Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Corporate Reserving Analyst

✨Tip Number 1

Network with professionals in the insurance and reserving field. Attend industry events or webinars where you can meet people who work in similar roles. This can help you gain insights into the company culture and potentially get a referral.

✨Tip Number 2

Familiarise yourself with the latest trends and regulations in reserving, such as IFRS17 and Solvency II. Being knowledgeable about these topics will not only boost your confidence but also show your commitment to staying updated in the field.

✨Tip Number 3

Prepare to discuss specific examples from your previous experience that demonstrate your ability to handle data quality checks and peer reviews. Highlighting your analytical skills and attention to detail will be crucial during any interviews.

✨Tip Number 4

Research StudySmarter and understand our values and mission. Tailor your conversations to reflect how your skills and experiences align with what we stand for, making it clear why you would be a great fit for our team.

We think you need these skills to ace Corporate Reserving Analyst

Reserving Experience
Data Quality Checks
IBNR Selection
Quarterly Reserving Process
Best Practice Preparation
Stakeholder Communication
External Audit Liaison
Reserve Platform Maintenance
Analytical Skills
Frequency-Severity Methods
Loss Ratio Movement Analysis
Regulatory Knowledge (IFRS17, Solvency II)
BMA Economic Balance Sheet Understanding
Singapore MAS Actuarial Opinions
International Capital Standard Calculations

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your reserving experience, particularly any relevant projects or responsibilities that align with the job description. Use specific examples to demonstrate your skills in data quality checks and peer reviews.

Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your experience with quarterly reserving processes and how you can contribute to best practice reserve materials. Be sure to address the key stakeholders mentioned in the job description.

Highlight Relevant Skills: Emphasise your analytical skills and familiarity with regulatory needs such as IFRS17 and Solvency II. Discuss any experience you have with external auditors and internal audit communications, as this is crucial for the role.

Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is essential for a Corporate Reserving Analyst.

How to prepare for a job interview at Bolton Associates

✨Showcase Your Reserving Experience

Make sure to highlight your minimum of 3 years of reserving experience during the interview. Be prepared to discuss specific projects or tasks you've handled, particularly those related to data quality checks and IBNR selections.

✨Prepare for Technical Questions

Expect questions about technical aspects of reserving, such as IFRS17 and Solvency II. Brush up on these topics and be ready to explain how you have applied them in your previous roles.

✨Demonstrate Communication Skills

Since the role involves liaising with stakeholders like the CFO and external auditors, practice articulating complex ideas clearly. Prepare examples of how you've effectively communicated with different teams in the past.

✨Discuss Improvement Initiatives

Be ready to talk about any suggestions you've made in previous roles to enhance data quality or improve processes. This shows your proactive approach and ability to contribute to wider business initiatives.

Corporate Reserving Analyst
Bolton Associates
Location: London
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