Reserving Actuary - Personal Lines

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\’re proud of the journey we\’re on as a company and know that our continued success will rely on the contribution of our talented colleagues.
We provide insurance for over four million customers, but we know there\’s even bigger opportunity out there. The fact you\’re now reading this job advert means we\’ve tempted you to find out more about #lifeatHD – we really hope you like what you see, and you\’ll join us to share in the success of the exciting chapter that lies ahead.
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:
Our interview process involves the below:
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 – what this means to you is if you\’re applying for a job with us, you\’ll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS).For more information on the DCS, please visit our inclusive business page on our careers website
Regrettably we are unable to offer sponsorship for this role.
Benefits:
in addition to a competitive salary and £5k car allowance you will also receive
Flexible working
– we champion a flexible hybrid working approach – please speak to your recruiter to discuss in more detail
Competitive bonus scheme
– all colleagues are eligible for our annual 4Cs performance bonus
Physical wellbeing
– as a Band 4 colleague, Hastings pay for you to receive private medical Insurance (also known as PMI). This gives you flexibility and convenience to see a specialist or consultant and allows you to decide when and where you will be seen
Financial wellbeing
– as well as providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%, we are proud to provide you with an award winning package which includes – discounts, cashback, free independent mortgage advice and free access to financial wellbeing support
Mental wellbeing programme
– we have the thrive mental health app, our colleague assistance programme available 24/7, our own in-house mental health first aiders, support groups and a dedicated team to make sure we are covering your needs
There\’s more!
– 27 days annual leave + bank holidays, with the option to buy or sell one of your weeks, access to our health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and much more .
Join us and you\’ll find a different way of doing things. We call it the 4Cs. 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. Our 4Cs principles are simple: we believe by creating the right culture for our colleagues and giving them the right tools to do their job, we\’ll deliver good outcomes for every customer, helping us to grow the company profitably and sustainably and allowing us to invest in the communities we serve.
Hastings Group is an equal opportunities employer which means we treat people fairly. 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. Please also note that we have a thorough referencing process, which includes credit and criminal record checks.
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