Corporate Reserving Actuarial Analyst in London

Corporate Reserving Actuarial Analyst in London

London Full-Time 60000 - 80000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Support the quarterly reserving process and develop diagnostic tools for AXIS.
  • Company: Join AXIS Capital, a leader in specialty insurance and reinsurance.
  • Benefits: Comprehensive benefits package, including health plans, tuition reimbursement, and paid leave.
  • Other info: Work in a dynamic team with opportunities for career advancement.
  • Why this job: Make an impact in a collaborative environment with a focus on inclusivity and growth.
  • Qualifications: Bachelor’s degree and experience in insurance or actuarial roles preferred.

The predicted salary is between 60000 - 80000 £ per year.

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

How does this role contribute to our collective success? As a member of the Corporate Reserving team, this role will support efforts related to the quarterly reserving process for AXIS. The Corporate Reserving team will support various reserving areas including our Product Line and Regulatory teams and will have exposure to all lines of business written by AXIS.

What will you be doing in this role?

  • Reserving: Assist in producing the AXIS quarterly reserving estimates.
  • Assist with the peer review of the Product Line quarterly reserve analyses and validation of the selected actuarial estimates.
  • Support reserve meetings for the quarterly reserving process.
  • Assist with the development of new diagnostics tools and reports to improve the quarterly process and provide MI to colleagues across AXIS.
  • Other: Assist with additional project work including deep dives of specific lines of business.
  • Assist in the annual Planning exercise, liaising closely with Pricing and Risk Functions.
  • Provide support for other Group Functions (Finance, Risk, Investments) as required.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About you: We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have:

  • Bachelor’s degree or equivalent experience.
  • Industry experience with an insurance, reinsurance, or consulting background in reserving, pricing, or modeling roles preferred.
  • Actively working to qualify as a Fellow of the Institute and Faculty of Actuaries, or equivalent.

What we would like you to have:

  • Knowledge of various insurance products, including familiarity with delegated underwriting authority, Lloyd's of London, and reinsurance.
  • Experience with management information systems (e.g., database and application development).
  • Intermediate to advanced Excel, SQL Server, VBA capabilities; additional experience with ResQ, PowerBI, Tableau, and/or Oracle or similar applications is preferred.
  • Strong communication and interpersonal skills.
  • Ability to work occasional extended hours and travel on business as required.
  • Excellent organizational skills and a strong attention to detail.

Role factors: In this role, you will typically be required to be in the office 3 days per week.

What we offer: You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.

This posting is for an existing vacancy.

Corporate Reserving Actuarial Analyst in London employer: Axis

Axis CLC is an exceptional employer that offers apprentices the chance to gain hands-on experience in the construction industry while working alongside skilled professionals. With a strong commitment to employee growth, comprehensive training, and a supportive work culture, apprentices can look forward to meaningful career development opportunities. Additionally, the company provides attractive benefits such as travel expense coverage, a pension scheme, and access to various learning resources, making it a rewarding place to start your career.

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Contact Details:

Axis Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Corporate Reserving Actuarial Analyst in London

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.

Connect on Professional Platforms

Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like Axis. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.

We think you need these skills to ace Corporate Reserving Actuarial Analyst in London

Reserving
Actuarial Analysis
Insurance Knowledge
Reinsurance Knowledge
Pricing
Modeling
Management Information Systems

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Axis.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on Axis's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at Axis

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Axis.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at Axis will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former Axis employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.