At a Glance
- Tasks: Lead reserving analysis and engage with teams for insight-driven outcomes.
- Company: Join a well-established global (re)insurer with a strong reputation.
- Benefits: Enjoy a competitive salary, bonuses, and opportunities for process improvement.
- Why this job: Gain exposure to senior execs while driving automation in a dynamic environment.
- Qualifications: Nearly or newly qualified Reserving actuary with analytical skills.
- Other info: Opportunity to contribute to strategic discussions and enhance data-driven processes.
The predicted salary is between 70000 - 95000 Β£ per year.
Weβre excited to be working with a well-established global (re)insurer to find them a nearly or newly qualified Reserving actuary. Itβs a hands-on position covering all aspects of reserving. Youβll work closely with underwriters and finance, with scope to contribute to process improvement and automation across a variety of specialty lines. You would also have the opportunity to gain exposure with senior execs and stakeholders.
Key Responsibilities:
- Quarterly Reserving β Lead reserving analysis across a wide range of commercial lines, engaging with underwriting and claims teams to deliver insight-driven outcomes.
- Regulatory Reporting β Support various global regulatory submissions including Solvency II, IFRS 17 and other international requirements.
- Business Planning β Analyse trends and anticipated profitability to support planning and performance analysis.
- Process Development β Drive automation and enhance data-driven reserving processes and actuarial MI.
- Stakeholder Engagement β Present findings and recommendations to both technical and non-technical stakeholders, contributing to strategic discussions.
Base Salary: Β£70,000 β Β£95,000 + Bonus + Benefits
Please apply for information:
Reserving Actuary employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Reserving Actuary
β¨Tip Number 1
Familiarise yourself with the latest regulatory requirements like Solvency II and IFRS 17. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
β¨Tip Number 2
Network with professionals in the actuarial field, especially those who work in reserving roles. Engaging with them can provide insights into the company culture and expectations, which can be invaluable during your application process.
β¨Tip Number 3
Brush up on your data analysis and automation skills. Being able to showcase your ability to enhance data-driven processes will set you apart from other candidates and align well with the role's focus on process improvement.
β¨Tip Number 4
Prepare to discuss your experience in stakeholder engagement. Think of examples where you've successfully communicated complex actuarial concepts to non-technical audiences, as this is a key aspect of the role.
We think you need these skills to ace Reserving Actuary
Some tips for your application π«‘
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Reserving Actuary. Familiarise yourself with key concepts like reserving analysis, regulatory reporting, and process development to tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise any experience you have in reserving, regulatory submissions, or working with underwriting and claims teams. Use specific examples to demonstrate your skills and contributions in these areas.
Showcase Technical Skills: Mention any technical skills relevant to the role, such as proficiency in actuarial software, data analysis tools, or programming languages. This will help you stand out as a candidate who can drive automation and enhance data-driven processes.
Engage Stakeholders: Demonstrate your ability to communicate findings to both technical and non-technical stakeholders. Include examples of how you've successfully presented complex information in the past, as this is crucial for the role.
How to prepare for a job interview at HFG Insurance Recruitment
β¨Understand the Technical Aspects
Make sure you brush up on your knowledge of reserving techniques and regulatory frameworks like Solvency II and IFRS 17. Being able to discuss these topics confidently will show that you're well-prepared and knowledgeable.
β¨Engage with Stakeholders
Since the role involves presenting findings to both technical and non-technical stakeholders, practice explaining complex actuarial concepts in simple terms. This will demonstrate your ability to communicate effectively across different levels of the organisation.
β¨Showcase Your Analytical Skills
Be ready to discuss specific examples of how you've analysed trends or improved processes in previous roles. Highlight any experience you have with automation and data-driven decision-making, as this is a key part of the job.
β¨Prepare Questions for Them
Think of insightful questions to ask about the company's approach to reserving and their future plans. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.