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- Tasks: Lead a team of actuaries and manage reserving projects for commercial lines.
- Company: Join Hanover, a dynamic player in the insurance industry with a collaborative culture.
- Benefits: Enjoy a competitive salary, performance bonuses, and a vibrant office environment.
- Why this job: Gain exposure to top executives while mentoring junior staff in a supportive team.
- Qualifications: Qualified non-life actuary with reserving experience in general insurance required.
- Other info: Office presence is essential; remote work is not an option.
The predicted salary is between 112000 - 128000 £ per year.
We are looking for an actuary (likely currently working at a consulting firm) to step into an in-house role. The role will focus on managing 2 Fellows as well as working on reserving projects for a variety of Lloyd's and London Market commercial lines business. The role will have heavy exposure to the ExCo, including CFO and CEO.
The client is seeking a qualified non-life actuary with reserving experience across any general insurance field. They are also seeking an individual able to provide clear and concise insights into reserve developments, both in writing as well as in regular in-person meetings. The environment is very dynamic with a closely-knit team.
The role will require someone to be present in the office 3 or more days a week. The role will suit individuals who enjoy working in a collegiate atmosphere, who want to learn from a highly ambitious management team and who enjoy developing younger staff. The client is not interested in anyone seeking to work remotely for extended periods of time.
Base salary in the £140-£160k range, with a target 30% discretionary bonus. The bonus will be dependent on both individual and business performance.
- Seniority level: Mid-Senior level
- Employment type: Full-time
- Job function: Analyst
- Industries: Insurance and Insurance Carriers
Senior Reserving Actuary (London) employer: Hanover
Contact Detail:
Hanover Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reserving Actuary (London)
✨Tip Number 1
Network with professionals in the insurance and actuarial fields, especially those who are currently working at consulting firms or in-house roles. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Hanover.
✨Tip Number 2
Prepare to discuss your experience in managing teams and projects during the interview. Highlight specific examples where you've provided insights into reserve developments and how you’ve contributed to team success in a dynamic environment.
✨Tip Number 3
Familiarise yourself with the latest trends and challenges in the Lloyd's and London Market commercial lines business. Being knowledgeable about current issues will help you stand out as a candidate who is genuinely interested in the role and the industry.
✨Tip Number 4
Demonstrate your enthusiasm for a collaborative work environment by preparing questions that show your interest in team dynamics and mentorship opportunities. This will resonate well with the management team looking for someone who enjoys developing younger staff.
We think you need these skills to ace Senior Reserving Actuary (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in reserving and general insurance. Emphasise any leadership roles you've held, especially if you've managed teams or projects.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific projects or experiences that align with the job description, particularly your ability to provide insights into reserve developments.
Highlight Communication Skills: Since the role requires clear communication with senior executives, ensure you demonstrate your ability to convey complex information succinctly. Include examples of past presentations or reports you've delivered.
Show Enthusiasm for Teamwork: The client values a collegiate atmosphere, so express your enthusiasm for working collaboratively. Share experiences where you've successfully developed younger staff or contributed to a team environment.
How to prepare for a job interview at Hanover
✨Showcase Your Technical Expertise
As a Senior Reserving Actuary, it's crucial to demonstrate your technical skills and knowledge in reserving practices. Be prepared to discuss specific projects you've worked on, the methodologies you used, and the outcomes achieved. This will help convey your capability to handle the responsibilities of the role.
✨Prepare for Executive-Level Interaction
Given the heavy exposure to the ExCo, including the CFO and CEO, practice articulating your insights clearly and concisely. Prepare to discuss how you would present reserve developments in both written reports and during meetings. This will show that you're ready to engage with senior management effectively.
✨Emphasise Team Leadership Skills
Since the role involves managing two Fellows, highlight your experience in mentoring and developing junior staff. Share examples of how you've successfully led teams or projects, fostering a collaborative environment. This will demonstrate your fit for the collegiate atmosphere the company values.
✨Demonstrate Adaptability in a Dynamic Environment
The client is looking for someone who thrives in a dynamic setting. Be ready to discuss how you've adapted to changes in previous roles, managed multiple priorities, and contributed to a fast-paced team. This will illustrate your ability to succeed in their work culture.
