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- Tasks: Lead the reserving process for natural and man-made catastrophes, collaborating with various teams.
- Company: Join a global leader in the insurance industry, known for innovation and excellence.
- Benefits: Competitive salary, opportunities for growth, and a dynamic work environment.
- Why this job: Be part of a transformative role that shapes the future of catastrophe reserving.
- Qualifications: Experience in reserving for CAT lines is essential; strong analytical skills are a plus.
- Other info: This is a unique opportunity to make a significant impact in a newly created position.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
We have partnered with a global and Lloyd's leading player to find them a CAT Reserving Actuary to work closely with the Chief Actuary and Head of Reserving. This is a fantastic opportunity for anyone with reserving exposure to CAT lines of business to help add value in a newly created role. The role includes but is not exclusive to:
- Own the reserving process for natural catastrophe and man made events with extensive interactions with UW, EM, claims and outwards re.
- Give high level advice across the reserving function during this period of transformation.
- Event loss coordination, spearheading reserving CAT losses.
i) For new and emerging events, mobilising colleagues across EM, UW, Claims, Outwards Re to shape event response.
ii) Support the Chief Actuary in making recommendations for best estimate reserves.
ii) Producing high quality documentation for review and sign off by the Executive management.
iii) Provide general analytics and insights into past and active CAT events to the Executive management team and audit committee.
iii) Serve as the face of the business for stakeholders (Eg Lloyd's or head office).
- Represent the business on company wide projects across Actuarial/Finance.
Salary TBC but equal to a "Head of" at a small/medium sized syndicate.
This is fantastic reserving opportunity offering something different to the norm so for more info, please apply.
Exclusive Cat Reserving Manager employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Exclusive Cat Reserving Manager
✨Tip Number 1
Network with professionals in the actuarial field, especially those who have experience in CAT reserving. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in catastrophe reserving.
✨Tip Number 2
Familiarise yourself with the specific challenges and methodologies related to CAT reserving. Understanding the nuances of natural catastrophe and man-made event reserving will help you stand out during discussions with the Chief Actuary and other stakeholders.
✨Tip Number 3
Prepare to discuss your previous experiences with reserving processes and how you've contributed to similar roles. Be ready to provide examples of how you've collaborated with underwriting, claims, and external reinsurance partners in past positions.
✨Tip Number 4
Stay updated on recent catastrophic events and their impacts on the insurance market. Being knowledgeable about current events will demonstrate your proactive approach and ability to provide valuable insights to the executive management team.
We think you need these skills to ace Exclusive Cat Reserving Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Exclusive Cat Reserving Manager. Familiarise yourself with terms like 'CAT reserving', 'natural catastrophe', and 'event loss coordination' to demonstrate your knowledge in your application.
Tailor Your CV: Highlight your relevant experience in reserving, particularly with CAT lines of business. Use specific examples that showcase your skills in analytics, documentation, and stakeholder engagement to align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention how your background can add value during the transformation period mentioned in the job description.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial for a role that involves high-quality documentation.
How to prepare for a job interview at HFG Insurance Recruitment
✨Understand the Role Inside Out
Make sure you thoroughly understand the responsibilities of a CAT Reserving Manager. Familiarise yourself with the reserving process for natural catastrophes and man-made events, as well as the interactions with underwriting, claims, and external reinsurance.
✨Prepare for Technical Questions
Expect to be asked technical questions related to reserving methodologies and analytics. Brush up on your knowledge of past CAT events and be ready to discuss how you would approach estimating reserves for new and emerging events.
✨Showcase Your Communication Skills
As this role involves extensive interaction with various stakeholders, demonstrate your ability to communicate complex information clearly. Prepare examples of how you've effectively collaborated with teams in previous roles.
✨Highlight Your Analytical Abilities
Be prepared to discuss your analytical skills and how you've used data to inform decision-making in the past. Bring examples of high-quality documentation you've produced and how it contributed to executive management's understanding of CAT events.
