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- Tasks: Contribute to the Actuarial team by managing reserving processes and developing actuarial models.
- Company: Hamilton Global Specialty, a vibrant and collaborative specialty insurer.
- Benefits: Inclusive culture, supportive environment, and opportunities for professional growth.
- Other info: Join a company that values individuality and diverse perspectives.
- Why this job: Make a real impact in a dynamic role while working with diverse teams.
- 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 employer: Hamilton Insurance Group, Ltd.
Contact Detail:
Hamilton Insurance Group, Ltd. Recruiting Team
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 actuarial field, especially those who work at Hamilton or similar companies. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of GAAP and Solvency II. We recommend practising common actuarial scenarios and questions that might come up during the interview process.
✨Tip Number 3
Show off your personality! When you get the chance to meet potential employers, let your creative and proactive mindset shine through. They want to see how you can contribute to their team culture.
✨Tip Number 4
Don’t forget to apply 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
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 this 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: We love seeing candidates who are proficient in Microsoft Excel, VBA, Access, and SQL. Make sure to highlight these skills in your application, especially if you have experience with ResQ. It’ll help us see how you can hit the ground running!
Apply Through Our Website: Don’t forget to apply through our website! 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 vibrant team at Hamilton!
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.