At a Glance
- Tasks: Support the Lead Reserving Actuary and analyse quarterly reserving projections.
- Company: Join Antares, a collaborative and inclusive organisation that values every voice.
- Benefits: Continuous learning opportunities and a supportive culture for personal growth.
- Other info: Empowerment and collaboration are at the heart of our innovative working environment.
- Why this job: Make a real impact in a dynamic environment while developing your actuarial skills.
- Qualifications: University degree in Mathematics and qualified Actuary (FIA or equivalent).
The predicted salary is between 55000 - 65000 £ per year.
At Antares, our success starts with our people. We’re a collaborative and inclusive organisation where every voice is valued, and every individual can grow and thrive. We combine deep expertise with a supportive culture to deliver outstanding results for our clients and a fulfilling experience for our colleagues. Whatever stage of your career you’ll find a place to belong, contribute, develop and we’d love to hear from you.
Knowledge and Qualifications
- University degree in Mathematics or related field
- Qualified Actuary (FIA or equivalent)
Skills and Demonstrated Experience
- General commercial and financial knowledge
- Experienced user of MS Excel; VBA and Access/SQL skills
- Strong technical skills and relevant market knowledge with good experience of reserving and actuarial valuation techniques
- Strong analytical skills with attention to detail; accurate and numerate
- Investigating ability to understand claim trends, impact of legislative and other drivers
- Ability to communicate effectively both verbally and in writing
- Works well as part of a high performing team, providing support and coaching as well as able to work on own initiative
- Pro-active, takes the initiative and adopts a positive approach to challenges seeking to make improvements
- Ability to manage time, meet deadlines and prioritise
- Continue to develop and improve own capability including non-technical soft skill aspects
Role Summary
The role supports the Lead Reserving Actuary and their team across all aspects of the Actuarial Function Holder responsibilities for Antares’ Bermuda operations. This includes Antares RE (a Bermuda‐domiciled reinsurance company), its subsidiary QEL (a European insurance company), and group‐level reporting for Antares Holdings (a Bermuda‐domiciled holding company). The role provides coaching and technical support for the more junior members of the actuarial team. The role holder, their team and the Actuarial function holder carries out the quarterly reserving processes, portfolio reviews and other ad-hoc deep dive analyses.
- Analysis of quarterly reserving projections and A vs E
- Solvency II technical provisions and IFRS17 fulfilment cashflows
- Reserving analysis and input into assessments of business profitability
- Lead or support actuarial input to meetings alongside other members of the actuarial reserving team with product line underwriters and claims personnel to discuss account performance, underwriting changes, latest developments and trends
- Produce quarterly reserving outcomes for reserving committee that provide insight and explaining core drivers and uncertainties
- Undertake deep dive analysis into range of reserving issues or areas of interest to support overall reserving activity
- Work closely with Finance and Risk functions to ensure financial close numbers fully and correctly capture all relevant actuarial outputs
To contribute to the growth, development and sustained profitability of Antares Global. The role sits within the reserving team responsible for Antares RE and QEL which includes Motor Reinsurance, Property Catastrophe, Casualty and Marine amongst others.
Key Accountabilities
- Produce quarterly reserving results for review
- Effective input to the Business Planning
- Support the maintenance of appropriate systems practices, data, services and technical standards for the work of the team
- Provides input to multi-disciplinary projects
- Ensures own Personal Performance and Development Plan (PPDP) and Continuing Professional Development (CPD) is maintained
- Maintains a positive internal and external business profile
Support team members
- Contribute to constructive feedback for team members
- Foster collaboration within and across teams
- Promote open communication and demonstrate appropriate behaviours
- Provide coaching and technical support for other more junior team members
At Antares, we empower our talented team members through active involvement and collaboration, driving strategic and business goals whilst delivering exceptional services to our customers and partners. Our unique organisational structure fosters unparalleled sharing of information, knowledge and expertise, creating a vibrant and innovative working environment. Our culture of excellence is fuelled by continuous learning and development opportunities across all areas of our international operations. We believe in nurturing your potential and helping you grow with us.
- Empowerment: Be a part of decision-making processes that shape our future.
- Collaboration: Work with a diverse team of experts who share their knowledge and insights.
- Growth: Access to continuous learning and development programs to enhance your skills.
- Innovation: Thrive in an environment that encourages creativity and forward-thinking.
Join us and be a part of a team that values your contributions and supports your professional journey. Together, we can achieve greatness!
Reserving Actuary employer: Antares Global Management Limited
At Antares, we pride ourselves on being an exceptional employer, offering a collaborative and inclusive work culture that values every voice. Our Bermuda location provides unique opportunities for professional growth, with access to continuous learning and development programs, while our supportive environment encourages innovation and teamwork. Join us to thrive in a role where your contributions are recognised and you can make a meaningful impact in the actuarial field.
Contact Details:
Antares Global Management Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for informational interviews. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews! Research Antares thoroughly, understand their values, and think about how your skills align with their needs. We want to see you shine, so practice common interview questions and have your own ready to go.
✨Tip Number 3
Show off your analytical skills! During interviews, be ready to discuss specific examples of your past work, especially those that highlight your reserving and actuarial valuation techniques. We love hearing about real-life applications of your expertise.
✨Tip Number 4
Don’t forget to follow up! After your interview, send a thank-you email expressing your appreciation for the opportunity. It’s a great way to reinforce your interest in the role and keep you top of mind for the hiring team at Antares.
We think you need these skills to ace Reserving Actuary
Some tips for your application 🫡
Show Off Your Skills:Make sure to highlight your qualifications and experience in your application. We want to see how your background in Mathematics and actuarial skills can contribute to our team at Antares.
Tailor Your Application:Don’t just send a generic application! Take the time to tailor your CV and cover letter to reflect the specific skills and experiences mentioned in the job description. This shows us you’re genuinely interested in the role.
Be Clear and Concise:When writing your application, keep it clear and to the point. We appreciate well-structured applications that communicate your thoughts effectively. Remember, attention to detail is key!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Antares Global Management Limited
✨Know Your Numbers
As a Reserving Actuary, you'll need to demonstrate your strong analytical skills. Brush up on your knowledge of reserving techniques and be prepared to discuss specific examples from your experience. Show how you've used data to investigate claim trends and make informed decisions.
✨Excel Like a Pro
Since the role requires an experienced user of MS Excel, make sure you’re comfortable with advanced functions, VBA, and even Access/SQL. Consider preparing a small project or example that showcases your technical skills, as this could impress your interviewers.
✨Communicate Clearly
Effective communication is key in this role. Practice explaining complex actuarial concepts in simple terms, as you may need to present findings to non-technical stakeholders. Think about how you can convey your insights clearly and confidently during the interview.
✨Show Your Team Spirit
Antares values collaboration, so be ready to share examples of how you've worked well in teams. Highlight any coaching or mentoring experiences you've had with junior colleagues, as this will demonstrate your ability to support and uplift others in a high-performing environment.
