Reserving Analyst

Reserving Analyst

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our reserving team to analyse data and support business decisions.
  • Company: Ki, the fastest growing algorithmic insurance carrier in London.
  • Benefits: Competitive salary, recognition for efforts, and a supportive work culture.
  • Why this job: Be part of an innovative team that challenges the status quo in insurance.
  • Qualifications: Numerate degree, IT skills, and a desire to pursue actuarial qualifications.
  • Other info: Inclusive environment fostering creativity and career growth.

The predicted salary is between 36000 - 60000 £ per year.

Who are we? Ki insures with a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds. Ki is the biggest global algorithmic insurance carrier and the fastest growing syndicate in the Lloyd's of London market. Ki has big ambitions to challenge the status quo and reach new horizons. We work in an agile, cross-functional way to build the best experience for our customers.

Responsibilities

  • As a Reserving Analyst, you will play an integral part in the success of our reserving team.
  • In conjunction with the Reserving Managers, you will work closely with the relevant Underwriting teams and support other group functions in respect of actuarial reserving.
  • This will include the design and maintenance of reserving tools, the processing of reserving data, the validation and interpretation of results and production of reports as well as business planning.
  • Within this role you will undertake the production of the quarterly reserving study for Ki, calculating the best estimate reserves and currency allocations.
  • You will assist in the evolution of the future state of reserving through development of new processes to ensure accuracy in outputs and communications and to create a 'best-in-class' reserving process.
  • You will undertake an appropriate level of analysis to support business decisions and provide additional insight to the business to understand key drivers and uncertainties behind claims emergence.

What you will bring to the role

  • We are looking for a creative thinker who is eager to grow in an established reserving team.
  • You will have a desire to pursue an actuarial qualification.
  • You will have obtained a relevant, numerate degree with a good overall grade.
  • You will have excellent IT skills, in particular an advanced level of MS Excel and VBA, experience with SQL, Python or R, with a desire to continue developing.
  • You have a desire to bring creative and innovative solutions.
  • You can prioritise workloads and collaborate effectively within your team and the wider business.

Recruitment process

  • Initial recruiter screening call
  • Interview with hiring manager
  • Technical Interview (this may vary depending on the role)
  • Values Interview

Ki Values

  • Know Your Customer: Put yourself in their shoes. Understand and balance the different needs of our customers, acting with integrity and empathy to create something excellent.
  • Grow Together: Empower each other to succeed. Recognise the work of our teams, while celebrating individual success. Embrace diverse perspectives so we can develop and grow together.
  • Be Courageous: Think big, push boundaries. Don't be afraid to fail because that's how we learn. Test, adapt, improve - always strive to be better.

Culture

At Ki, we are committed to creating an inclusive environment where every colleague is valued and respected for who they are and can do the best work of their careers. Inclusion is a critical foundation of our business and people strategies and supports our vision of becoming a market-leading, digital and data-led specialty insurance business. An inclusive workplace fuels innovation because creativity thrives when everyone feels valued, respected, and supported to drive it. So, no matter who you are, where you're from, how you think, or who you love, we believe you should be you.

What we offer

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals. If this sounds like a role and a culture that appeals to you, apply now!

Reserving Analyst employer: Innovation Group

Ki is an exceptional employer, offering a dynamic and inclusive work environment in the heart of London. As a Reserving Analyst, you will benefit from a highly competitive remuneration package, opportunities for professional growth, and a culture that values creativity and collaboration. With a commitment to innovation and employee recognition, Ki empowers its team members to thrive and contribute to the future of algorithmic insurance.
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Contact Detail:

Innovation Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Reserving Analyst

✨Tip Number 1

Network like a pro! Reach out to people in the industry, especially those at Ki or similar companies. A friendly chat can open doors and give you insights that a job description just can't.

✨Tip Number 2

Prepare for your interviews by practising common questions related to reserving and actuarial work. We recommend using the STAR method to structure your answers – it helps you showcase your skills effectively!

✨Tip Number 3

Show off your tech skills! If you've got experience with Excel, SQL, Python, or R, make sure to highlight that during interviews. We love seeing candidates who are eager to innovate and improve processes.

✨Tip Number 4

Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in being part of our team at Ki.

We think you need these skills to ace Reserving Analyst

Actuarial Skills
Advanced MS Excel
VBA
SQL
Python
R
Data Analysis
Report Production
Problem-Solving Skills
Collaboration
Creative Thinking
Numerical Proficiency
Business Planning
Attention to Detail
Adaptability

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Reserving Analyst role. Highlight your relevant skills, especially in MS Excel, VBA, and any programming languages like SQL or Python. We want to see how your experience aligns with our needs!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to showcase your passion for actuarial work and your creative thinking. Let us know why you’re excited about joining Ki and how you can contribute to our ambitious goals.

Showcase Your Analytical Skills: In your application, don’t forget to highlight your analytical skills and any relevant projects you've worked on. We love candidates who can demonstrate their ability to interpret data and provide insights that drive business decisions.

Apply Through Our Website: We encourage you to apply through our website for the best chance of success. It’s the easiest way for us to keep track of your application and ensure it gets the attention it deserves. Plus, it shows you’re keen to join our team!

How to prepare for a job interview at Innovation Group

✨Know Your Numbers

As a Reserving Analyst, you'll be dealing with data and calculations. Brush up on your numerical skills and be prepared to discuss how you approach data analysis. Practise explaining complex concepts in simple terms, as this will show your ability to communicate effectively with both technical and non-technical team members.

✨Showcase Your Tech Skills

Ki values advanced IT skills, especially in MS Excel, VBA, SQL, Python, or R. Be ready to demonstrate your proficiency in these areas during the interview. Consider preparing a small project or example that highlights your technical abilities and how you've used them to solve real-world problems.

✨Embrace Creativity

The role requires a creative thinker who can bring innovative solutions to the table. Think of examples from your past experiences where you’ve implemented new processes or improved existing ones. Be prepared to discuss how you approach problem-solving and how you can contribute to Ki's ambition to challenge the status quo.

✨Align with Ki's Values

Familiarise yourself with Ki's core values: Know Your Customer, Grow Together, and Be Courageous. Prepare to share how your personal values align with theirs. This could involve discussing times when you put yourself in someone else's shoes, collaborated effectively, or took bold steps to improve a process or outcome.

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