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- Tasks: Lead the reserving process for multiple Lloyd's syndicates and manage a small team.
- Company: Join a prestigious global insurer in the Lloyd's market with a strong reputation.
- Benefits: Competitive pay of £1100 - £1400/day and opportunities for professional growth.
- Why this job: Make a significant impact in a key phase of Lloyd's reserving operations.
- Qualifications: Qualified Non-Life Actuary or equivalent experience with strong Lloyd's reserving knowledge.
- Other info: Diversity and inclusivity are valued; must be eligible to work in the UK.
A prestigious global Lloyd’s market insurer/reinsurer is seeking an experienced Reserving Actuary to support and manage the quarterly syndicate reserving process over a 12-month engagement. This role sits within the actuarial function and will report directly to the Chief Actuary.
This is an excellent opportunity to join a respected global insurer and make a significant contribution to their Lloyd’s reserving operations during a key phase.
Responsibilities- Lead and manage the end-to-end reserving process across multiple Lloyd’s syndicates.
- Ensure timely and accurate delivery of quarterly reserves and associated technical provisions under Lloyd’s and Solvency II reporting requirements.
- Oversee the preparation and review of QMA, QMB, ASR, and QSR returns.
- Liaise closely with finance, claims, and underwriting teams to validate assumptions and key inputs.
- Manage and mentor a small team of analysts and junior actuaries, providing oversight, development, and review.
- Support regulatory engagement, internal model validation, and audit queries as needed.
- Maintain and enhance reserving governance, documentation, and controls in line with Lloyd’s expectations.
- Qualified Non-Life Actuary or qualified by experience, with strong Lloyd’s reserving experience.
- Proven experience managing syndicate reserving cycles and technical provision calculations.
- Comfortable leading processes independently and interacting with senior stakeholders.
- Strong working knowledge of Lloyd’s reporting requirements and relevant reserving software (e.g. ResQ).
- Ability to work in a fast-paced environment with changing priorities.
Pay range and compensation package: £1100 - £1400/day
We are committed to diversity and inclusivity. You must be eligible to work in the UK without being sponsored to be considered.
12month Contract - Senior Reserving Actuary/Mgr employer: Bolton Associates
Contact Detail:
Bolton Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land 12month Contract - Senior Reserving Actuary/Mgr
✨Tip Number 1
Network with professionals in the Lloyd's market. Attend industry events or webinars where you can meet actuaries and underwriters. Building these connections can provide insights into the company culture and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in Lloyd's reserving. Being knowledgeable about current issues will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss specific examples of your experience managing syndicate reserving cycles. Think about challenges you've faced and how you overcame them, as this will showcase your problem-solving skills and leadership abilities.
✨Tip Number 4
Research the company’s recent projects and achievements in the Lloyd's market. This knowledge will allow you to tailor your conversations during interviews and show that you're genuinely interested in contributing to their success.
We think you need these skills to ace 12month Contract - Senior Reserving Actuary/Mgr
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in reserving processes, particularly within Lloyd's syndicates. Emphasise any relevant qualifications and specific software knowledge, such as ResQ.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for this role. Mention your experience managing syndicate reserving cycles and your ability to lead teams, as well as your familiarity with Solvency II reporting requirements.
Showcase Your Leadership Skills: Since the role involves managing and mentoring a team, provide examples of your leadership experience. Highlight how you've developed junior actuaries or analysts in previous roles.
Highlight Regulatory Knowledge: Demonstrate your understanding of regulatory engagement and internal model validation. Mention any past experiences where you successfully navigated audit queries or enhanced governance and documentation.
How to prepare for a job interview at Bolton Associates
✨Showcase Your Technical Expertise
Make sure to highlight your strong background in Lloyd's reserving and technical provision calculations. Be prepared to discuss specific examples from your past experiences that demonstrate your proficiency in these areas.
✨Demonstrate Leadership Skills
Since the role involves managing a small team, it's crucial to convey your leadership abilities. Share instances where you've successfully mentored junior actuaries or led projects, emphasising your approach to team development and oversight.
✨Prepare for Stakeholder Interaction
This position requires close collaboration with finance, claims, and underwriting teams. Be ready to discuss how you’ve effectively communicated with senior stakeholders in the past and how you validate assumptions and key inputs during the reserving process.
✨Understand Regulatory Requirements
Familiarise yourself with Lloyd's and Solvency II reporting requirements. During the interview, be prepared to discuss how you have navigated regulatory engagements and internal model validations in your previous roles.
