At a Glance
- Tasks: Manage GAAP reserving processes and develop actuarial models for continuous improvement.
- Company: Join Hamilton, a vibrant and collaborative global insurance leader.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Mentorship opportunities and a chance to build strong relationships across the business.
- Why this job: Make a real impact in the insurance industry while working with innovative teams.
- Qualifications: Experience in GI reserving and progress in actuarial exams required.
We're looking for a Reserving Actuary 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.
What you will do:
- Assist in managing the GAAP reserving process for each Hamilton entity for both Lloyd's and other regulatory reporting requirements; 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: In good company. Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world. 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.
Senior Pensions Actuarial Consultant in London employer: Hamilton
Hamilton is an exceptional employer located in the heart of London, offering a vibrant and collaborative work environment that fosters individual growth and development. With a strong emphasis on inclusivity and empowerment, employees are encouraged to build meaningful relationships and contribute to a diverse global portfolio. The company not only values technical expertise but also provides ample opportunities for professional advancement within a supportive culture, making it a rewarding place to work for those seeking a fulfilling career in underwriting.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pensions Actuarial Consultant in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Hamilton). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Hamilton. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Pensions Actuarial Consultant in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Hamilton.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hamilton. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Hamilton
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hamilton to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Hamilton, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Hamilton's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
