At a Glance
- Tasks: Lead quarterly reserving processes and deliver insightful analysis across diverse syndicates.
- Company: Join Apollo, a dynamic company in the Lloyd's market with a focus on collaboration.
- Benefits: Enjoy a competitive salary, 31 days' leave, private medical insurance, and a non-contributory pension.
- Other info: Embrace flexible working and be part of a diverse team that values inclusion.
- Why this job: Develop your actuarial skills while making a real impact in a supportive environment.
- Qualifications: Qualified or nearly qualified actuary with general insurance reserving experience.
The predicted salary is between 60000 - 80000 £ per year.
Apollo's Platform Partner Syndicates business provides managing agency services to a diverse and growing portfolio of third-party syndicates operating within the Lloyd's market. As a Reserving Actuary you will join our Reserving team and support reserving activity across multiple Partner Syndicates. Working closely with the Head of Reserving and fellow Reserving Actuaries, you will deliver reserving analysis, regulatory reporting, and business insight while helping to ensure robust reserving practices across the portfolio. This is an excellent opportunity to apply and further develop your reserving expertise while gaining exposure to a range of syndicates, business models, and classes of business within a collaborative and supportive environment.
What You’ll Do
- Lead and support the quarterly reserving process across Apollo's Partner Syndicates, including data validation, analysis, documentation, and reporting.
- Assess reserve adequacy and investigate reserve movements, emerging trends, and key areas of uncertainty across multiple portfolios.
- Produce reserving papers, management information, and insights for actuarial, finance, executive, and Lloyd's stakeholders.
- Prepare Actuarial Function Reports (AFRs) and support other reserving-related regulatory and governance requirements.
- Engage with auditors, actuarial opinion providers, and external stakeholders as required.
- Support Technical Provisions calculations and associated reserving activities.
- Research and apply market benchmarks to support reserving analysis and decision-making.
- Identify opportunities to improve reserving processes, controls, automation, and data quality.
- Work closely with Claims, Finance, Capital, and Underwriting teams to strengthen business insight and reserving outcomes.
- Support the analysis of new syndicates, business initiatives, and strategic projects where required.
What We Are Looking For
- Qualified or nearly qualified actuary with experience in general insurance reserving.
- Reserving experience within the Lloyd's or London Market, or a comparable general insurance environment.
- Experience delivering quarterly reserve reviews and communicating findings to a range of stakeholders.
- Excellent analytical skills, with the ability to interpret data, investigate trends, and explain results clearly.
- Experience working with large datasets, including data validation and quality assurance.
- Process improvement, automation, and efficiency-focused thinking.
- SQL skills; experience with Power BI would be beneficial.
- Excellent communication and stakeholder management skills.
- High attention to detail, professional curiosity, and a collaborative approach.
What you’ll get in return
We offer a competitive and thoughtfully designed reward package that reflects the value of our people. This includes a fair and attractive salary, discretionary bonus, and a comprehensive benefits package - including 31 days’ annual leave, a non-contributory pension and private medical insurance.
Our commitment to inclusion
At Apollo, people are at the heart of everything we do. We are a diverse, growing team of empowered experts who bring collaboration, innovation and data-driven thinking to every relationship and every risk. We believe diversity and inclusion go far beyond targets. They are essential to understanding the global communities we serve and to making better decisions. That’s why we are committed to developing diverse talent at every level and creating an environment where different perspectives are genuinely valued, supported and celebrated. We also run a programme of events, training and initiatives designed to recognise both the challenges and opportunities that come with building an inclusive workplace.
Hybrid & flexible working
Flexible and hybrid working are fully embraced at Apollo. We do not believe in presenteeism. Instead, we trust our people to work in ways that allow them to perform at their best, balancing professional responsibilities with personal commitments.
Supporting your application
Apollo is committed to creating an inclusive recruitment experience where every candidate feels supported and able to perform at their best. To help us do this, we invite you to complete a confidential ClearTalents profile. It takes just a few minutes and allows you to share any adjustments that may support you during the recruitment process. Your information remains private, and the recruitment team is only notified if an adjustment is requested.
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Actuary in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Apollo). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Apollo. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Reserving Actuary in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Apollo.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Apollo. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Apollo
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Apollo to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Apollo, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Apollo's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.