Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead home reserving analyses and provide insights for pricing decisions.
- Company: Join Hastings Direct, a digital insurance provider with big ambitions.
- Benefits: Enjoy flexible working, competitive salary, and wellness programmes.
- Why this job: Make a real impact in a growing team and develop your actuarial skills.
- Qualifications: Extensive experience in actuarial roles, especially in home reserving.
- Other info: Inclusive workplace committed to diversity and career growth.
The predicted salary is between 36000 - 60000 £ per year.
Job Title: Reserving Actuary – Personal Lines
Location: London (hybrid – one day a week in the office)
Welcome to Hastings Direct
We’re a digital insurance provider with ambitious plans to become The Best and Biggest in the UK market. We’ve made huge investments in our data and tech capabilities over the past few years, along with nurturing our 4Cs culture.
We provide insurance for over four million customers, but we know there’s even bigger opportunity out there. We understand some people may not apply for jobs unless they feel they tick every box. If you’re excited about joining us and think you have some of what we’re looking for, even if you’re not 100% sure we would love to hear from you.
Role overview
As we grow our Home Insurance book within Hastings Direct, we are now seeking an experienced Reserving Actuary to expand our Reserving team and take on the responsibility for the production of reserve estimates, trend insights and regulatory reporting.
Job details – you’ll need to have demonstrable experience in:
- Leading the provision of Home reserving analyses, including formal quarterly valuations and presentations
- Input to pricing forums, business planning and financial forecasting processes
- Leading the conduct and reporting of formal quarterly claims reserve reviews
- Identifying areas for improvement and refinement of processes
- Engaging effectively with auditors (internal and external), advisers, shareholders and service providers on claims reserving and other actuarial matters
- Working with underwriting, pricing and claims teams, particularly in respect to providing insights on claims and reserving trends that are relevant for Pricing decisions
Essential skills/experience:
- Extensive experience within a similar actuarial role – ideally with some experience in home reserving
- Knowledge of ResQ, latest developments and industry practice regarding modelling techniques
- Strong communicator and relationship builder– able to effectively discuss with a variety of stakeholders, taking into account differences in knowledge, technical proficiency and expectations
- Proven experience of being able to explain and justify the use of expert judgement at arriving at conclusions
The interview process:
- Recruiter screening call
- 1st stage interview with hiring leader
- 2nd interview with hiring leaders leader
As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status.
Benefits: in addition to a competitive salary and £5k car allowance you will also receive flexible working, competitive bonus scheme, physical wellbeing, financial wellbeing, and mental wellbeing programme.
We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues, you’ll be helping to drive our growth, so in return, we’ll give you all the support, training and development you need.
Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons.
#J-18808-Ljbffr
Reserving Actuary - Personal Lines employer: Hastings Direct
Contact Detail:
Hastings Direct Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary - Personal Lines
✨Tip Number 1
Get to know the company inside out! Research Hastings Direct, their culture, and recent developments in the insurance market. This will help you tailor your conversations during interviews and show that you're genuinely interested in being part of their team.
✨Tip Number 2
Practice your storytelling skills! Be ready to share specific examples from your past experiences that highlight your expertise in reserving and your ability to communicate complex ideas. This will make you stand out as a strong candidate who can engage with various stakeholders.
✨Tip Number 3
Network like a pro! Connect with current or former employees on LinkedIn to gain insights about the company and the role. They might even give you tips on what the interviewers are looking for, which could give you an edge.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows that you’re proactive and serious about joining Hastings Direct.
We think you need these skills to ace Reserving Actuary - Personal Lines
Some tips for your application 🫡
Show Your Experience: Make sure to highlight your extensive experience in actuarial roles, especially in home reserving. We want to see how your background aligns with the responsibilities of the Reserving Actuary position.
Communicate Clearly: Since strong communication is key, use clear and concise language in your application. We’re looking for someone who can effectively engage with various stakeholders, so let that shine through!
Tailor Your Application: Don’t just send a generic application! Tailor your CV and cover letter to reflect the specific skills and experiences mentioned in the job description. We love seeing candidates who take the time to connect their background to our needs.
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 this exciting opportunity at Hastings Direct!
How to prepare for a job interview at Hastings Direct
✨Know Your Numbers
As a Reserving Actuary, you'll need to be comfortable with data and analytics. Brush up on your knowledge of reserve estimates and trend insights before the interview. Be ready to discuss specific examples from your past experience where you've successfully led reserving analyses or contributed to financial forecasting.
✨Communicate Clearly
Strong communication skills are essential for this role. Practice explaining complex actuarial concepts in simple terms, as you’ll need to engage with various stakeholders. Consider preparing a few scenarios where you’ve had to present findings or justify your expert judgement to non-technical audiences.
✨Show Your Collaborative Side
This position requires working closely with underwriting, pricing, and claims teams. Think of examples that showcase your ability to collaborate effectively. Highlight any experiences where you’ve identified areas for improvement in processes or worked with others to achieve common goals.
✨Stay Updated on Industry Trends
Familiarise yourself with the latest developments in modelling techniques and industry practices, especially regarding ResQ. Being knowledgeable about current trends will not only impress your interviewers but also demonstrate your commitment to continuous learning in the actuarial field.