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For Companies At a Glance
- Tasks: Lead quarterly reserving and financial reporting while enhancing analytical capabilities.
- Company: Join a rapidly growing Lloyd's business with a top-rated Chief Actuary.
- Benefits: Opportunity to make a significant impact from day one in a newly created role.
- Why this job: Build and manage a team, collaborate across departments, and drive key business insights.
- Qualifications: FIA qualification and strong GI Actuarial Reserving experience required.
- Other info: Full UK working rights are essential for this position.
The predicted salary is between 72000 - 108000 £ per year.
Job Description
We have partnered with a rapidly growing Lloyd’s business to find them a Head of Reserving working closely with one of the market’s most highly rated Chief Actuaries. This is a great opportunity to take ownership of a newly created role and make a huge impact from day one across their Re/Insurance books.
- Carrying out quarterly reserving, financial reporting while developing the analytical and reporting capabilities of the actuarial function.
- Presenting results to the Chief Actuary, senior management and committees.
- Build close relationships with the wider business including Underwriting, Actuarial, Finance and Reinsurance teams.
- Managing/growing a small team.
- Develop reserving MI to be used across the business and carry out deep dive reviews.
- Assess performance and highlights areas of potential concern.
- Manage the delivery of TPs.
- Assist the wider actuarial function with Pricing and/or Capital.
This is great opportunity for a reserving actuary or consultant to come in and build an exciting team with the close guidance of the Chief actuary.
Minimum Requirements:
- FIA
- Full UK working rights
- Strong GI Actuarial Reserving experience
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Head of Reserving (Lloyd's) employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Reserving (Lloyd's)
✨Tip Number 1
Make sure to familiarize yourself with the specific reserving practices and regulations within the Lloyd's market. Understanding the nuances of Lloyd's will help you stand out as a candidate who is not only qualified but also genuinely interested in the role.
✨Tip Number 2
Network with professionals in the Lloyd's market, especially those in actuarial roles. Engaging with industry peers can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Prepare to discuss your experience in managing teams and developing analytical capabilities. Highlight specific examples where you've successfully led projects or initiatives that improved reserving processes or reporting.
✨Tip Number 4
Research the company’s recent developments and their approach to reserving and financial reporting. Being able to reference their strategies or challenges during discussions will demonstrate your proactive interest and alignment with their goals.
We think you need these skills to ace Head of Reserving (Lloyd's)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements. Highlight your relevant experience in reserving, financial reporting, and team management.
Tailor Your CV: Customize your CV to emphasize your strong GI actuarial reserving experience. Include specific examples of your achievements in previous roles, particularly those that align with the responsibilities mentioned in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Discuss how your background and skills make you an ideal candidate for the Head of Reserving position, and express your enthusiasm for building a team.
Highlight Team Management Skills: Since the role involves managing and growing a small team, be sure to include any relevant leadership experiences. Discuss your approach to team development and how you plan to foster collaboration across departments.
How to prepare for a job interview at HFG Insurance Recruitment
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with quarterly reserving and financial reporting in detail. Highlight specific projects where you developed analytical capabilities and how they impacted the actuarial function.
✨Demonstrate Leadership Skills
Since this role involves managing and growing a small team, share examples of your leadership style and how you've successfully guided teams in the past. Discuss any mentoring or coaching experiences that showcase your ability to develop talent.
✨Build Relationships
Emphasize your ability to build close relationships with various teams such as Underwriting, Finance, and Reinsurance. Prepare to discuss how you have collaborated across departments to achieve common goals.
✨Prepare for Deep Dive Discussions
Expect to conduct deep dive reviews during the interview. Be ready to explain your approach to assessing performance and identifying areas of concern, as well as how you would manage the delivery of technical provisions (TPs).
