At a Glance
- Tasks: Lead quarterly reserving and financial reporting while enhancing actuarial analytics.
- Company: Join a rapidly growing Lloyd's business with a top-rated Chief Actuary.
- Benefits: Opportunity to make a significant impact from day one in a newly created role.
- Why this job: Build and manage a team, collaborate across departments, and drive key business insights.
- Qualifications: FIA qualification and strong GI Actuarial Reserving experience required.
- Other info: Full UK working rights are essential for this position.
The predicted salary is between 72000 - 108000 £ per year.
We have partnered with a rapidly growing Lloyd’s business to find them a Head of Reserving working closely with one of the market’s most highly rated Chief Actuaries. This is a great opportunity to take ownership of a newly created role and make a huge impact from day one across their Re/Insurance books.
Responsibilities:
- Carrying out quarterly reserving and financial reporting while developing the analytical and reporting capabilities of the actuarial function.
- Presenting results to the Chief Actuary, senior management, and committees.
- Building close relationships with the wider business including Underwriting, Actuarial, Finance, and Reinsurance teams.
- Managing and growing a small team.
- Developing reserving MI to be used across the business and carrying out deep dive reviews.
- Assessing performance and highlighting areas of potential concern.
- Managing the delivery of TPs.
- Assisting the wider actuarial function with Pricing and/or Capital.
This is a great opportunity for a reserving actuary or consultant to come in and build an exciting team with the close guidance of the Chief Actuary.
Minimum Requirements:
- FIA
- Full UK working rights
- Strong GI Actuarial Reserving experience
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Head of Reserving (Lloyd's) employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Reserving (Lloyd's)
✨Tip Number 1
Make sure to familiarize yourself with the specific reserving practices and regulations within the Lloyd's market. Understanding the nuances of Lloyd's will help you stand out as a candidate who is not only qualified but also genuinely interested in the role.
✨Tip Number 2
Network with professionals in the Lloyd's market, especially those in actuarial roles. Engaging with industry peers can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Prepare to discuss your experience in managing teams and developing analytical capabilities. Highlight specific examples where you've successfully led projects or initiatives that improved reserving processes or reporting accuracy.
✨Tip Number 4
Demonstrate your ability to build relationships across different functions such as Underwriting and Finance. Be ready to share examples of how you've collaborated with other teams to achieve common goals, as this is crucial for the role.
We think you need these skills to ace Head of Reserving (Lloyd's)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the responsibilities and requirements of the Head of Reserving position. Tailor your application to highlight your relevant experience in GI Actuarial Reserving.
Highlight Relevant Experience: In your CV and cover letter, emphasize your strong GI Actuarial Reserving experience. Provide specific examples of your past work that demonstrate your ability to carry out quarterly reserving, financial reporting, and team management.
Showcase Analytical Skills: Since the role involves developing analytical and reporting capabilities, make sure to include any relevant projects or tools you have used in your previous roles that showcase your analytical skills and contributions to the actuarial function.
Personalize Your Application: Address your application to the hiring manager if possible, and express your enthusiasm for the opportunity to work closely with the Chief Actuary. Mention how you can contribute to building a strong team and enhancing the reserving MI across the business.
How to prepare for a job interview at HFG
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with quarterly reserving and financial reporting in detail. Highlight specific projects where you've developed analytical capabilities and how those contributed to the actuarial function.
✨Demonstrate Leadership Skills
Since this role involves managing and growing a small team, share examples of your leadership style and how you've successfully guided teams in the past. Discuss any mentoring or coaching experiences that showcase your ability to develop talent.
✨Build Relationships
Emphasize your ability to build strong relationships across various departments such as Underwriting, Finance, and Reinsurance. Prepare to discuss how you’ve collaborated with these teams in previous roles to achieve common goals.
✨Prepare for Deep Dive Discussions
Expect to conduct deep dive reviews during the interview. Be ready to explain your approach to assessing performance and identifying areas of concern, using real-life examples to illustrate your analytical thinking.