At a Glance
- Tasks: Provide actuarial advice and develop relationships with key stakeholders in a dynamic team.
- Company: Join QBE, a leading multinational financial services business with a collaborative culture.
- Benefits: Enjoy 30 days holiday, flexible working, private medical insurance, and a generous pension plan.
- Other info: Embrace a sustainable future with our green investment strategies and family-friendly policies.
- Why this job: Make a real impact in the actuarial field while supporting your professional growth.
- Qualifications: Experience in actuarial functions and strong analytical skills are essential.
The predicted salary is between 55000 - 65000 € per year.
We're looking for a Reserving Actuary to join our Actuarial Reserving team responsible for products across our QBE Re division on a full time, permanent basis.
Your new role
Reporting to the Reserving Manager, you'll provide actuarial advice to the relevant business units, developing relationships with key stakeholders and ensuring technical quality of work undertaken. You’ll deliver quarterly reserving advice, input into business planning, reserve variability and business partnering to undertake deep dives into relevant segments of the portfolio, supporting the Actuarial Manager as required.
Other Responsibilities
- Perform the forecasting of technical provisions, reserve margins and reserve uncertainties to support business analysis/MI for reports and accounts, business planning, profitability studies and commutations.
- Support senior team members in working through complexity and explaining key assumptions to stakeholders.
- Support the development of student actuaries through formal and informal coaching and providing performance feedback to the reserving manager and professional guidance to junior team members.
- Identify areas for continuous improvement, drive towards efficiencies in process, challenge the status quo.
- Manage and monitor Actuarial processes, where applicable, to ensure their continued delivery and improvement.
- Ensure appropriate checks are performed within processes to minimise inaccuracies, both on their own work and the review of others.
- Use and assist with the development of appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced.
- Plan and execute existing projects with multiple components with minimal direction.
- Manage own workflow and work largely independently, escalating for support when needed.
- Build relationships with internal and external stakeholders to improve customer focus.
- Understand developments in wider Actuarial community to stay abreast of current development.
- Keep bigger picture in mind, with ability to think through longer term implications and contribute to team strategic planning.
- Understand impact of regulatory environment on technical work.
About You
You’ll have experience of working within the actuarial function in a multinational financial services business, ideally within GI. You’ll understand industry best practice in actuarial analysis, modelling and underwriting, and risk and compliance issues.
Skills You'll Need
- Experience in discussions with wider business and stakeholder management skills.
- Experience in the use and interpretation of numerical data.
- Experience in Excel and other analytical tools. Ability to develop sophisticated models to address business needs.
- Ability to question established processes and suggest improvements.
- Experience working in an agile manner, responsive to stakeholder requirements.
- Influencing and collaboration skills.
- Organisational skills.
Benefits
- 30 days holiday a year with the option to buy up to 2 additional days.
- Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
- Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
- Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
- Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
- Short term remote work abroad – you can request up to 20 days per year to work remotely from certain locations abroad.
- Sustainable investing – we believe sustainable integration is important for long term financial, environmental, and social outcomes.
- Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select a bike and/or accessories up to the value of £5,000.
Equal Employment Opportunity
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
Reserving Actuary in London employer: hackajob
At QBE, we pride ourselves on being an excellent employer, offering a supportive and flexible work culture that prioritises employee well-being and growth. Our Reserving Actuary role in London or Leeds not only provides competitive benefits such as 30 days of holiday and comprehensive private medical insurance but also fosters professional development through coaching opportunities and a commitment to sustainable practices. Join us to be part of a forward-thinking team that values innovation and collaboration while making a positive impact in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Actuary in London
✨Network Like a Pro
Get out there and connect with people in the actuarial field! Attend industry events, webinars, or even local meet-ups. Building relationships can open doors to opportunities that aren’t advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your experiences with data analysis and modelling, and how you've tackled complex problems. Let them see the value you can bring to their team.
✨Prepare for Interviews
Do your homework on the company and the role. Be ready to discuss how your background fits with their needs, especially around reserving and stakeholder management. Practice common interview questions to boost your confidence!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Reserving Actuary in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reserving Actuary role. Highlight your experience in actuarial functions, especially within multinational financial services. We want to see how your skills align with our needs!
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 you can contribute to our Actuarial Reserving team. Keep it engaging and relevant to the job description.
Showcase Your Analytical Skills:Since this role involves a lot of numerical data interpretation, make sure to showcase your analytical skills. Mention any experience with Excel or other analytical tools that you've used to develop models or support business analysis.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at hackajob
✨Know Your Numbers
As a Reserving Actuary, you'll be dealing with a lot of numerical data. Brush up on your Excel skills and be prepared to discuss how you've used data analysis in previous roles. Think about specific examples where your numerical insights led to better decision-making.
✨Build Relationships
Stakeholder management is key in this role. Before the interview, consider how you can demonstrate your ability to build relationships. Prepare anecdotes that showcase your collaboration skills and how you've influenced decisions in past positions.
✨Showcase Continuous Improvement Mindset
The job description mentions identifying areas for improvement. Be ready to discuss any processes you've improved in previous roles. Think about how you challenged the status quo and what impact it had on your team or organisation.
✨Understand the Bigger Picture
This role requires strategic thinking. Familiarise yourself with current trends in the actuarial community and be prepared to discuss how these might impact the business. Show that you can think long-term and contribute to strategic planning.
