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For Companies At a Glance
- Tasks: Lead reserving analysis and engage with teams for insight-driven outcomes.
- Company: Join a well-established global (re)insurer with a strong reputation.
- Benefits: Enjoy a competitive salary, bonuses, and opportunities for process improvement.
- Why this job: Gain exposure to senior execs while driving automation in a dynamic environment.
- Qualifications: Nearly or newly qualified Reserving actuary with analytical skills.
- Other info: Opportunity to contribute to strategic discussions and enhance data-driven processes.
The predicted salary is between 70000 - 95000 £ per year.
We’re excited to be working with a well-established global (re)insurer to find them a nearly or newly qualified Reserving actuary. It’s a hands-on position covering all aspects of reserving. You’ll work closely with underwriters and finance, with scope to contribute to process improvement and automation across a variety of specialty lines. You would also have the opportunity to gain exposure with senior execs and stakeholders.
Key Responsibilities:
- Quarterly Reserving – Lead reserving analysis across a wide range of commercial lines, engaging with underwriting and claims teams to deliver insight-driven outcomes.
- Regulatory Reporting – Support various global regulatory submissions including Solvency II, IFRS 17 and other international requirements.
- Business Planning – Analyse trends and anticipated profitability to support planning and performance analysis.
- Process Development – Drive automation and enhance data-driven reserving processes and actuarial MI.
- Stakeholder Engagement – Present findings and recommendations to both technical and non-technical stakeholders, contributing to strategic discussions.
Base Salary: £70,000 – £95,000 + Bonus + Benefits
Reserving Actuary employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary
✨Tip Number 1
Familiarise yourself with the latest regulatory requirements like Solvency II and IFRS 17. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in reserving roles. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could lead to job opportunities.
✨Tip Number 3
Brush up on your data analysis and automation skills. Being able to showcase your ability to enhance data-driven processes will set you apart, as this is a key responsibility in the role.
✨Tip Number 4
Prepare to discuss your experience in stakeholder engagement. Think of examples where you've successfully communicated complex findings to both technical and non-technical audiences, as this will be crucial in the role.
We think you need these skills to ace Reserving Actuary
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Reserving Actuary. Familiarise yourself with key concepts like reserving analysis, regulatory reporting, and process development to tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise any experience you have in reserving, actuarial analysis, or working with underwriting and claims teams. Use specific examples to demonstrate your skills and how they align with the job requirements.
Showcase Technical Skills: Mention any technical skills relevant to the role, such as proficiency in actuarial software, data analysis tools, or programming languages. This will help you stand out as a candidate who can contribute to process improvement and automation.
Craft a Compelling Cover Letter: Write a tailored cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Make sure to address how you can add value to their team and engage with stakeholders effectively.
How to prepare for a job interview at HFG Insurance Recruitment
✨Understand the Role
Make sure you have a solid grasp of what a Reserving Actuary does. Familiarise yourself with key responsibilities like quarterly reserving, regulatory reporting, and process development. This will help you answer questions confidently and demonstrate your enthusiasm for the role.
✨Prepare for Technical Questions
Expect to be asked about specific actuarial concepts and methodologies relevant to reserving. Brush up on Solvency II, IFRS 17, and any other regulations mentioned in the job description. Being able to discuss these topics in detail will show your expertise and readiness for the position.
✨Showcase Your Communication Skills
Since you'll be engaging with both technical and non-technical stakeholders, practice explaining complex actuarial concepts in simple terms. Prepare examples from your past experiences where you've successfully communicated findings or recommendations to diverse audiences.
✨Demonstrate Process Improvement Mindset
The role involves driving automation and enhancing data-driven processes. Be ready to discuss any previous experiences where you've contributed to process improvements or automation in your work. Highlight your analytical skills and how they can benefit the company's reserving processes.
