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- 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 influence key decisions.
- Qualifications: Ideal for reserving actuaries or consultants ready for a more influential position.
- Other info: Work closely with Underwriting, Finance, and Reinsurance teams for comprehensive insights.
The predicted salary is between 72000 - 108000 £ per year.
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.
Responsibilities:
- Carrying out quarterly reserving and financial reporting while developing the analytical and reporting capabilities of the actuarial function.
- Presenting results to the Chief Actuary, senior management, and committees.
- Building close relationships with the wider business including Underwriting, Actuarial, Finance, and Reinsurance teams.
- Managing and growing a small team.
- Developing reserving MI to be used across the business and carrying out deep dive reviews.
- Assessing performance and highlighting areas of potential concern.
- Managing the delivery of TPs.
- Assisting the wider actuarial function with Pricing and/or Capital.
This is a great opportunity for a reserving actuary or consultant to come in and build an exciting team with the close guidance of the Chief Actuary while stepping into a more influential position.
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Head of Reserving Actuary (Lloyd's) employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Reserving Actuary (Lloyd's)
✨Tip Number 1
Make sure to familiarize yourself with the specific reserving practices and regulatory requirements of Lloyd's. Understanding the nuances of this market will help you stand out during discussions with the Chief Actuary and senior management.
✨Tip Number 2
Network with professionals in the Lloyd's market, especially those in actuarial roles. Building relationships with 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 accuracy.
✨Tip Number 4
Stay updated on industry trends and challenges facing the re/insurance sector. Being knowledgeable about current issues will demonstrate your commitment and readiness to contribute meaningfully from day one.
We think you need these skills to ace Head of Reserving Actuary (Lloyd's)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities and expectations of the Head of Reserving Actuary position. Highlight your relevant experience in reserving, financial reporting, and team management in your application.
Tailor Your CV: Customize your CV to reflect your skills and experiences that align with the job description. Emphasize your analytical capabilities, experience in presenting results, and any previous roles where you managed teams or collaborated with various departments.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the Lloyd's market. Discuss how your background makes you a perfect fit for this newly created position and how you plan to make an impact from day one.
Highlight Key Achievements: In both your CV and cover letter, include specific examples of past achievements related to reserving and financial reporting. Use metrics to demonstrate your success, such as improvements in efficiency or accuracy in previous roles.
How to prepare for a job interview at HFG
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the Head of Reserving role and its responsibilities. Familiarize yourself with the key tasks such as quarterly reserving, financial reporting, and developing analytical capabilities. This will help you articulate how your experience aligns with their needs.
✨Prepare for Technical Questions
Expect to be asked technical questions related to reserving methodologies and financial reporting. Brush up on your knowledge of actuarial principles and be ready to discuss how you've applied them in previous roles. This will demonstrate your expertise and confidence.
✨Showcase Your Leadership Skills
Since this role involves managing and growing a small team, be prepared to discuss your leadership style and experiences. Share examples of how you've successfully led teams, mentored colleagues, or driven projects to completion. This will highlight your capability to take ownership of the role.
✨Build Relationships Across Functions
The job requires building close relationships with various teams like Underwriting, Finance, and Reinsurance. Be ready to talk about your experience collaborating with different departments and how you can foster those relationships in this new role. This will show that you understand the importance of teamwork in achieving business goals.
