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- Tasks: Join us as a Reserving Actuary, tackling the challenge of setting accurate reserves.
- Company: Be part of a leading firm in the actuarial space, driving stability and strategy.
- Benefits: Enjoy competitive salaries and opportunities for professional growth.
- Why this job: Make a real impact behind the scenes in a dynamic and evolving environment.
- Qualifications: Ideal for those with a strong analytical mindset and actuarial qualifications.
- Other info: Positions available in London or Birmingham; reach out for a confidential chat!
The predicted salary is between 64800 - 75600 £ per year.
Job Description
My client is hiring an actuary with 1-3 year experience in general insurance to join their reserving team.
This reserving team of 10 people has responsibility for reserving across lines of business including Casualty, Property, Financial Lines, Accident & Health, Tech Risks, Marine, High Net Worth and Speciality Personal Lines.
While reserving is the primary purpose of the role, there will be regular opportunities to work with actuarial colleagues in the Pricing, Planning and Capital Modelling teams.
Responsibilities include:
- Support the quarterly reviews of premium, loss and expense reserves
- Prepare quarterly reserve analysis presentations
- Support the Solvency II Technical Provisions quarterly calculation process
- Contribute to the ongoing development of the reserving capability in both onshore and offshore teams
- Support external consultant’s and auditor’s independent analysis of reserve adequacy and reserving methods
Consider applying if you:
- Are a student actuary
- Have a positive attitude
- Have 1-3 year experience in Actuarial GI
- Are curious about reserving and other facets of actuarial science within insurance
Location: London – 3 days a week in office
Salary: Up to £60,000
Open to graduate VISA's or those who have the right to work in the UK
For a confidential conversation and more information please contact me at holly.ellenthorpe@eamesconsulting.com
Contact Detail:
Eames Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary
✨Tip Number 1
Network with professionals in the actuarial field, especially those working in Reserving and Capital roles. Attend industry events or webinars to connect with potential colleagues and learn more about the current trends and challenges in the sector.
✨Tip Number 2
Stay updated on the latest developments in data-driven pricing and capital modelling. Familiarise yourself with relevant software and tools that are commonly used in these areas, as this knowledge can set you apart from other candidates.
✨Tip Number 3
Consider reaching out directly to hiring managers or recruiters in the actuarial space. A friendly message expressing your interest in Reserving Actuary positions can help you get noticed and may lead to valuable insights about the hiring process.
✨Tip Number 4
Prepare for interviews by practising common actuarial case studies and technical questions related to reserving and capital modelling. Being able to demonstrate your analytical skills and problem-solving abilities will be crucial in landing the job.
We think you need these skills to ace Reserving Actuary
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Reserving Actuary. Familiarise yourself with key concepts such as reserves, capital modelling, and the impact of these roles on decision-making within the actuarial space.
Tailor Your CV: Highlight your relevant experience in reserving and capital modelling. Use specific examples that demonstrate your skills in setting accurate reserves and your understanding of data-driven pricing strategies.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention why you are interested in working behind the scenes to drive stability and solvency in the actuarial field.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter. Ensure there are no spelling or grammatical errors, and that your documents are clear and professional. A polished application reflects your attention to detail, which is crucial in this field.
How to prepare for a job interview at Eames Consulting
✨Understand the Role
Make sure you have a solid grasp of what a Reserving Actuary does. Familiarise yourself with key concepts like setting reserves, capital modelling, and how these roles contribute to stability and solvency in the insurance sector.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical skills and experience with data-driven decision-making. Be ready to provide examples of how you've used data to influence outcomes in previous roles or projects.
✨Stay Updated on Industry Trends
Given the dynamic nature of the actuarial field, it's crucial to be aware of current trends and challenges, especially those affecting reserving and capital roles. Mention any recent developments or news that could impact the industry during your interview.
✨Prepare Thoughtful Questions
Have a list of insightful questions ready to ask your interviewer. This shows your genuine interest in the role and helps you understand the company's approach to reserving and capital modelling.
