At a Glance
- Tasks: Coordinate actuarial reporting and support risk management in a dynamic insurance environment.
- Company: Join Hastings Direct, a leading digital insurance provider in the UK.
- Benefits: Enjoy flexible working, competitive bonuses, and comprehensive wellbeing support.
- Other info: Inclusive culture with excellent career development opportunities.
- Why this job: Make a real impact in a collaborative team focused on innovation and growth.
- Qualifications: Full actuarial qualification and 5+ years of relevant experience required.
The predicted salary is between 26159 - 31972 £ per year.
Location - London
Welcome to Hastings Direct. We’re a digital insurance provider with a clear strategy to become the best and biggest player in the UK market. As a company, we’ve made huge investments in our technology, pricing, data and analytics capabilities over the past few years, along with nurturing our 4Cs culture and substantial investment in our people. And as a Finance team, we're doing exactly the same – building a market leading finance technology platform, investing in our team and our approach to leadership development, with a real focus on commercially adding value to the business.
Role overview:
As our Actuarial Manager/Reporting Actuary, you will coordinate and support actuarial reporting, risk and capital management across our relevant legal entities. You will provide technical assurance, support Solvency II reporting and governance, and connect Actuarial, Finance, AICL and Group stakeholders. You will help ensure actuarial outputs are accurate, complete and delivered on time, while improving automation, controls and business insight.
Job details - you'll need to have demonstrable experience in:
- Coordinating Solvency II reporting and ensuring actuarial outputs meet regulatory and governance requirements.
- Supporting quarterly and annual solvency processes, risk and capital management, and second line reserving and pricing oversight.
- Validating data used for Solvency II capital calculations, with clear evidence that it is complete, accurate and appropriate.
- Reviewing actuarial reports, disclosures and analysis within delegated authority for senior stakeholder review.
- Building effective relationships across Actuarial, Finance, AICL and Group teams to support aligned decisions and robust governance.
- Leading process improvement, automation and digital transformation to strengthen reporting efficiency, control and insight.
Essential skills/experience:
- A degree in a quantitative discipline, full actuarial qualification and at least five years of relevant actuarial or insurance experience.
- Strong knowledge of Solvency II, reserving, financial reporting, actuarial governance, risk and capital management.
- Experience of actuarial modelling and data validation, with strong Microsoft Excel capability and excellent attention to detail.
- Proven analytical problem-solving skills, including identifying root causes, anticipating risks and developing practical solutions.
- The ability to turn complex actuarial, risk and capital information into clear messages for technical and non-technical stakeholders.
- A collaborative and resilient leadership style, with experience coaching colleagues and delivering high-quality work through deadlines and change.
The interview process involves the below:
- Recruiter screening call
- 1st stage interview with the hiring leader
- 2nd stage interview with the hiring leader's leader
As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive. 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.
- Competitive bonus scheme - all colleagues are eligible for our annual 4Cs performance bonus.
- Physical wellbeing – Hastings pay for you to receive private medical Insurance (PMI).
- Financial wellbeing – providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%.
- Mental wellbeing programme – we have the thrive mental health app, our colleague assistance programme available 24/7, and support groups.
- 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.
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.
If you require any reasonable adjustments during the recruitment process, we encourage you to be open with us. Our recruitment team is here to provide the support you need to ensure a fair and accessible experience for all.
Reporting Actuary in London employer: Hastings Insurance Services
At Hastings Direct, we pride ourselves on being an excellent employer, offering a vibrant work culture that champions flexibility and inclusivity. Our commitment to employee growth is evident through our comprehensive training programmes and supportive environment, ensuring you have the tools to thrive in your role as a Learning and Talent Consultant. With competitive benefits, including a generous bonus scheme and mental wellbeing support, joining our team means becoming part of a forward-thinking company dedicated to innovation and community impact.
Contact Details:
Hastings Insurance Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reporting Actuary 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 Hastings Insurance Services). 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 Hastings Insurance Services. 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 Reporting Actuary 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 Hastings Insurance Services.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hastings Insurance Services. 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 Hastings Insurance Services
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hastings Insurance Services 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 Hastings Insurance Services, 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 Hastings Insurance Services'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.
