At a Glance
- Tasks: Support quarterly reserving and analyse business performance across a global portfolio.
- Company: Join a leading global insurance and reinsurance provider with a collaborative team.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Opportunity to mentor junior actuaries and collaborate with diverse teams.
- Why this job: Make a real impact on financial reporting and business insights in a dynamic environment.
- Qualifications: Qualified actuary with strong analytical skills and experience in general insurance.
The predicted salary is between 60000 - 80000 £ per year.
Arthur is delighted to be collaborating with a global insurance and reinsurance provider who are seeking a Reserving Actuary to join their team. This role offers the opportunity to support quarterly reserving across a broad international portfolio of live and run-off books providing insight into business performance and contributing to regulatory and financial reporting.
Responsibilities:
- Support the quarterly reserving process, including analysis of projections and actual versus expected movements.
- Produce reserve estimates and contribute to reporting for reserving committees, clearly explaining key drivers and areas of uncertainty.
- Perform reserving analysis to support assessments of business performance and profitability.
- Contribute to Solvency II technical provisions and IFRS17 reporting.
- Work closely with underwriters and claims teams to understand portfolio performance and emerging trends.
- Carry out deep-dive analysis on specific reserving issues and areas of interest.
- Collaborate with finance and risk teams to ensure actuarial outputs are accurately reflected in financial reporting.
- Support business planning and provide input into underwriting and reinsurance opinions where required.
- Provide guidance and support to junior members of the actuarial team.
Requirements:
- Qualified actuary (FIA or equivalent) with a degree in Mathematics or a related subject.
- Strong experience in general insurance.
Reserving Actuary employer: Arthur
Arthur is an exceptional employer, offering a dynamic work environment where innovation and collaboration thrive. As a Reserving Actuary, you will benefit from a supportive culture that prioritises professional development and provides ample opportunities for growth within a global insurance landscape. With a focus on employee well-being and a commitment to excellence, this role not only enhances your career but also allows you to make a meaningful impact in the industry.
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 insurance and reinsurance sectors. We all know that sometimes it’s not just what you know, but who you know. Attend industry events or webinars to meet potential employers and make a lasting impression.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. As a Reserving Actuary, you’ll need to demonstrate your understanding of Solvency II and IFRS17. We suggest practising common interview questions and scenarios related to reserving processes to show you’re the right fit.
✨Tip Number 3
Showcase your analytical skills! During interviews, be ready to discuss specific projects where you’ve performed deep-dive analyses or contributed to reserve estimates. We want to hear about your thought process and how you tackled complex issues.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform. Let’s get you that Reserving Actuary role!
We think you need these skills to ace Reserving Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reserving Actuary role. Highlight your experience in reserving processes, financial reporting, and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Don’t forget to mention your experience with Solvency II and IFRS17 if you have it!
Showcase Your Analytical Skills:Since this role involves a lot of analysis, make sure to showcase your analytical skills in your application. Provide examples of how you've tackled complex problems or contributed to business performance in previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Arthur
✨Know Your Numbers
As a Reserving Actuary, you'll be dealing with complex data and projections. Brush up on your technical skills and be ready to discuss specific examples of your previous work with reserve estimates and financial reporting. This will show your expertise and confidence in handling the responsibilities outlined in the job description.
✨Understand the Business
Familiarise yourself with the company’s portfolio and recent performance trends. Being able to discuss how you can contribute to their quarterly reserving process and regulatory reporting will demonstrate your genuine interest in the role and your proactive approach to understanding their business.
✨Prepare for Technical Questions
Expect questions that dive deep into Solvency II and IFRS17 reporting. Prepare to explain how you’ve applied these frameworks in your past roles. Use clear examples to illustrate your thought process and analytical skills, as this will help you stand out as a knowledgeable candidate.
✨Showcase Your Team Spirit
Collaboration is key in this role, so be ready to discuss how you've worked with underwriters, claims teams, and finance departments in the past. Highlight any experiences where you provided guidance to junior team members, as this will reflect your leadership potential and ability to work well within a team.
