At a Glance
- Tasks: Contribute to the Actuarial team by managing reserving processes and developing actuarial models.
- Company: Hamilton Global Specialty, a dynamic multi-platform specialty insurer.
- Benefits: Inclusive culture, collaborative environment, and opportunities for professional growth.
- Other info: Join a supportive team that values individuality and diverse perspectives.
- Why this job: Make a real impact in a vibrant workplace while advancing your actuarial career.
- Qualifications: Experience in GI reserving and progress on actuarial exams; strong Excel and communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Based in London and reporting to the Head of Reserving, this role will contribute and add value to the Actuarial team and Hamilton groupwide through involvement in the Actuarial function. You will provide actuarial expertise to the business, together with independent rigour and review of underwriting data and statistics for the purpose of reserving.
Hamilton Global Specialty is our multi-platform, specialty insurer operating primarily through a Lloyd's Syndicate and Dublin operating company with a managing general agency in the US.
What you will do:
- Assist in managing the GAAP reserving process for each Hamilton entity for both Lloyd's and other regulatory reporting requirements; review method and assumptions.
- Assist in managing the Solvency II TPs calculation and validation process for each of the syndicate/entities: review method and assumptions; regulatory reporting for all entities with support from reserving analysts.
- Actively contribute to the development and application of Technical Actuarial models and methods and the process of continuous improvement within the department.
- Help manage relationships and communication flows with external auditors.
- Work with internal stakeholders including Underwriters, Finance, Claims and Outwards Reinsurance.
- Act in accordance with all applicable supervisory bodies, principles, rules and regulations.
- Provide support to the capital modelling team by focusing mainly on reserving risks and underwriting risks for parameterisation and validations.
- Work with the Pricing team on ad-hoc projects as and when they arise.
- Assist in Group reporting.
- Develop and communicate associated management information packs.
What you require for the role:
- Demonstrable experience in GI reserving; making good progress on actuarial exams or nearly/newly qualified actuary.
- Extensive experience in GAAP and Solvency II calculation and reporting, preferable with Lloyd’s market experience.
- Expert user of Microsoft Excel, VBA; Access and SQL ResQ experience is a plus.
- Excellent verbal and written communication skills.
- The ability to be both strategic and pragmatic. Must be able to think broadly about the business.
- A creative, proactive and innovative mindset that does not accept the status quo.
- Credible across the business with the proven ability to build strong relationships.
- Previous experience of mentoring and/or managing more junior staff is preferred but not essential.
What you can expect from us:
At Hamilton, we offer a vibrant, entrepreneurial and collaborative workplace shaped by our values: Be Smart, Be Sensible, Be Open and Be More. Our employees consistently say they would recommend Hamilton as a great place to work — a testament to the inclusive, supportive, and empowering culture we’ve built together. We embrace individuality, value diverse perspectives, and recognise the unique contribution each person makes to our continued success.
Reserving Actuary in London employer: Hamilton Insurance Group, Ltd.
Hamilton Global Specialty is an exceptional employer, offering a vibrant and collaborative work environment in the heart of London. With a strong focus on employee growth and development, we provide opportunities for continuous improvement and innovation within our Actuarial team. Our inclusive culture values diverse perspectives, ensuring that every employee feels empowered to contribute meaningfully to our success.
Contact Details:
Hamilton Insurance Group, Ltd. Recruitment Team
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 industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at Hamilton. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with GAAP and Solvency II calculations. Share specific examples of how you've contributed to projects or improved processes in your previous roles.
✨Prepare for the Interview
Do your homework on Hamilton and the role of a Reserving Actuary. Be ready to discuss how your skills align with their needs, especially around technical actuarial models and stakeholder communication. Confidence is key!
✨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 being part of the Hamilton 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 GI reserving and any relevant actuarial exams you've completed. We want to see how your skills align with 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 the role and how you can contribute to our Actuarial team. Be sure to mention your experience with GAAP and Solvency II, as well as your innovative mindset.
Showcase Your Technical Skills:Since we value technical expertise, make sure to highlight your proficiency in Microsoft Excel, VBA, Access, and SQL. If you have experience with ResQ, don’t forget to mention that too! We love seeing candidates who are tech-savvy.
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 ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Hamilton Insurance Group, Ltd.
✨Know Your Numbers
As a Reserving Actuary, you'll be dealing with a lot of data. Brush up on your GAAP and Solvency II calculations before the interview. Be ready to discuss specific methods and assumptions you've used in past roles, as this will show your expertise and confidence.
✨Showcase Your Communication Skills
You'll need to work closely with various teams, so highlight your ability to communicate complex actuarial concepts clearly. Prepare examples of how you've successfully collaborated with underwriters, finance, or claims teams in the past.
✨Demonstrate Your Innovative Mindset
Hamilton values creativity and a proactive approach. Think of instances where you've challenged the status quo or introduced new methods in your previous roles. This will help you stand out as someone who can contribute to continuous improvement.
✨Build Relationships
Since building strong relationships is key, prepare to discuss how you've mentored junior staff or managed stakeholder communications. Share specific examples that illustrate your ability to foster collaboration and trust within a team.
