At a Glance
- 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 industry 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 55000 - 65000 € 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.
Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world. Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in London, Bermuda, the US and Dublin. We work collaboratively, we share a passion for the service and results we deliver, and we know that what we do each day is meaningful – to our customers and our business. We believe we are ‘In good company.’ with everyone we interact with.
Reserving Actuary in London employer: Hamilton
Hamilton Global Specialty is an exceptional employer, offering a vibrant and collaborative work environment in London that fosters individuality and values diverse perspectives. Employees benefit from a supportive culture that encourages professional growth, with opportunities to engage in meaningful projects and contribute to the continuous improvement of the Actuarial function. With a commitment to inclusivity and empowerment, Hamilton is dedicated to ensuring that every team member feels valued and integral to the company's success.
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. A friendly chat can sometimes lead to opportunities that aren’t even advertised.
✨Show Off Your Skills
When you get the chance to meet potential employers or colleagues, make sure to highlight your expertise in GAAP and Solvency II calculations. Share examples of how you've contributed to previous teams, especially in areas like reserving and technical actuarial models.
✨Be Ready for the Interview
Prepare for interviews by brushing up on your knowledge of the Lloyd's market and the specific challenges it faces. Think about how your experience aligns with Hamilton’s values and be ready to discuss how you can contribute to their collaborative culture.
✨Apply Through Our Website
Don’t forget to apply directly through the Hamilton website! It shows your genuine interest in the company and gives you a better chance of being noticed. Plus, we love seeing candidates who take that extra step!
We think you need these skills to ace Reserving Actuary in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Reserving Actuary role. Highlight your experience in GI reserving and any relevant actuarial exams you've completed. We want to see how you can add value to our team!
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 your background aligns with our values at Hamilton. Be sure to mention your experience with GAAP and Solvency II, as well as your innovative mindset.
Showcase Your Communication Skills:Since excellent verbal and written communication skills are key for this role, make sure your application is clear and concise. We appreciate candidates who can communicate complex ideas simply, so don’t hesitate to demonstrate this in your writing.
Apply Through Our Website:We encourage you to apply directly 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 proactive and keen to join our vibrant team!
How to prepare for a job interview at Hamilton
✨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 practice articulating complex actuarial concepts in simple terms. Prepare examples of how you've effectively communicated with stakeholders in the past, whether it's through reports or presentations.
✨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. Be ready to share these examples to highlight your fit with their culture.
✨Build Relationships
Since you'll be managing relationships with external auditors and internal teams, think about how you've successfully built rapport in the past. Prepare to discuss your approach to collaboration and any mentoring experiences you have, as this will showcase your leadership potential.
