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- Tasks: Lead a team of actuaries and manage reserving projects for commercial lines.
- Company: Join a dynamic firm in the Lloyd's and London Market, known for its ambitious leadership.
- Benefits: Enjoy a competitive salary, performance bonuses, and a collaborative office environment.
- Why this job: Gain exposure to top executives while mentoring junior staff in a supportive culture.
- Qualifications: Must be a qualified non-life actuary with reserving experience in general insurance.
- Other info: Office presence required 3+ days a week; ideal for those who thrive in teamwork.
The predicted salary is between 112000 - 168000 £ 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 £140k-£160k range, with a target 30% discretionary bonus. The bonus will be dependent on both individual and business performance.
Senior Reserving Manager employer: Hanover
Contact Detail:
Hanover Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reserving Manager
✨Tip Number 1
Network with professionals in the Lloyd's and London Market sectors. Attend industry events or webinars where you can meet potential colleagues and decision-makers. This will not only help you understand the market better but also give you a chance to showcase your expertise.
✨Tip Number 2
Familiarise yourself with the latest trends and challenges in reserving within general insurance. Being able to discuss these topics intelligently during interviews will demonstrate your commitment and knowledge, making you a more attractive candidate.
✨Tip Number 3
Prepare to articulate your leadership style and how you plan to manage and develop the team of Fellows. Highlight any previous experience in mentoring or leading teams, as this is crucial for the role.
✨Tip Number 4
Showcase your communication skills by preparing examples of how you've effectively conveyed complex actuarial concepts to non-technical stakeholders. This will be key in demonstrating your ability to provide clear insights to the ExCo.
We think you need these skills to ace Senior Reserving Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in reserving and any relevant projects you've worked on. Emphasise your qualifications as a non-life actuary and your ability to manage teams, as this role involves overseeing 2 Fellows.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your experience in providing insights into reserve developments and how you can contribute to the dynamic team environment.
Showcase Communication Skills: Since the role requires clear communication with ExCo members, include examples of how you've effectively communicated complex actuarial concepts in writing and during meetings. This will demonstrate your fit for the position.
Highlight Team Development Experience: Mention any experience you have in mentoring or developing younger staff. The client is looking for someone who enjoys fostering talent, so showcasing this aspect will strengthen your application.
How to prepare for a job interview at Hanover
✨Showcase Your Leadership Skills
As a Senior Reserving 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 reserving projects you've worked on, the methodologies you used, and the insights you provided. This will show that you're not only qualified but also deeply knowledgeable.
✨Prepare for Executive-Level Interaction
With heavy exposure to the ExCo, including the CFO and CEO, it's crucial to demonstrate your ability to communicate complex information clearly and concisely. Practice summarising your past projects and findings in a way that would be understandable to non-actuaries, as this will be key in your discussions.
✨Emphasise Your Teamwork and Collegiate Spirit
The environment is described as dynamic and closely-knit, so it's important to convey your ability to work collaboratively. Share examples of how you've contributed to a team atmosphere in previous roles and express your enthusiasm for learning from others and developing younger staff.
