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- Tasks: Lead a team of actuaries and manage reserving projects for commercial lines.
- Company: Join a dynamic firm with strong ties to the Lloyd's and London Market.
- Benefits: Enjoy a competitive salary, performance bonuses, and a collaborative work environment.
- Why this job: Gain exposure to senior leadership while mentoring junior staff in a supportive culture.
- 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 - 192000 £ 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.
Actuarial Manager employer: Hanover
Contact Detail:
Hanover Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Manager
✨Tip Number 1
Network with professionals in the actuarial field, especially those who are currently working in-house or have experience with Lloyd's and London Market. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture.
✨Tip Number 2
Familiarise yourself with the latest trends and developments in reserving practices within general insurance. Being well-versed in current methodologies will help you stand out during discussions with the ExCo and demonstrate your expertise.
✨Tip Number 3
Prepare to showcase your leadership skills, particularly in managing teams and mentoring junior staff. Think of specific examples from your past experiences where you've successfully developed talent and contributed to a collaborative team environment.
✨Tip Number 4
Practice articulating complex actuarial concepts in a clear and concise manner. Since the role involves regular presentations to senior management, being able to communicate effectively will be crucial in making a positive impression.
We think you need these skills to ace Actuarial Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in actuarial roles, particularly focusing on your reserving projects and any leadership experience you have with managing teams. Use specific examples that demonstrate your ability to provide insights into reserve developments.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your experience in the Lloyd's and London Market commercial lines business, and how you can contribute to the team dynamics and development of younger staff.
Showcase Communication Skills: Since the role requires clear and concise communication, include examples in your application that demonstrate your ability to convey complex information effectively, both in writing and during meetings. This could be through presentations or reports you've prepared.
Highlight Team Collaboration: Emphasise your experience working in a team-oriented environment. Discuss how you have successfully collaborated with colleagues and management in previous roles, especially in dynamic settings similar to what the client is offering.
How to prepare for a job interview at Hanover
✨Showcase Your Leadership Skills
As an Actuarial Manager, you'll be managing a team of Fellows. Be prepared to discuss your leadership style and provide examples of how you've successfully led teams in the past. Highlight any mentoring or coaching experiences you've had, as this will resonate well with the interviewers.
✨Demonstrate Your Technical Expertise
Since the role requires strong reserving experience, brush up on your technical knowledge related to non-life actuarial work. Be ready to discuss specific projects you've worked on, the methodologies you used, and the outcomes. This will show that you have the necessary skills for the job.
✨Prepare for High-Level Discussions
With exposure to the ExCo, including the CFO and CEO, it's crucial to demonstrate your ability to communicate complex actuarial concepts clearly and concisely. Practice summarising your insights into reserve developments, as you may need to present these in both written and verbal formats during the interview.
✨Emphasise Your Teamwork and Collegiate Spirit
The client is looking for someone who thrives in a dynamic, closely-knit team environment. Share examples of how you've collaborated with colleagues in the past and how you contribute to a positive team atmosphere. This will help convey that you're a good fit for their culture.
