At a Glance
- Tasks: Lead global reserving analyses and collaborate with cross-functional teams.
- Company: Globally recognised reinsurance business with a strong international presence.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to refine methodologies and enhance tools in a lean team.
- Why this job: Make a real impact in a key role within a leading reinsurance firm.
- Qualifications: Nearly or newly qualified actuary with 3-5 years of experience.
The predicted salary is between 60000 - 80000 £ per year.
A globally recognised reinsurance business, headquartered in the US, is looking to strengthen its International Reserving function with the addition of a Senior Actuarial Analyst. The organisation operates across multiple European hubs, with reserving teams embedded in key locations.
Key Responsibilities
- Take ownership of reserving analyses across a global facultative portfolio, assessing reserve adequacy and performance.
- Support quarterly reserving processes, including monitoring results and investigating key movements.
- Contribute to year-end reserving reviews and more detailed portfolio analyses.
- Partner with underwriting, claims, pricing, and finance teams to gain a deeper understanding of business performance.
- Provide input and peer review within the wider international reserving team.
- Play a role in refining reserving methodologies and enhancing existing tools.
Key Requirements
- Nearly or newly qualified actuary (or equivalent).
- Around 3 - 5 years of experience in general insurance actuarial roles, ideally with a focus on reserving.
- Exposure to reinsurance or a consulting environment would be beneficial.
- Strong analytical mindset with the ability to interpret and communicate complex data.
- Comfortable working across teams and engaging with stakeholders in different regions.
- Self-starter who is confident taking ownership within a lean team structure.
Technical Skills:
- Advanced Excel skills are essential.
- Experience with tools such as VBA, SQL, or Python is advantageous.
- Familiarity with reserving software (e.g. ResQ) would be beneficial.
Please note: this role does not offer visa sponsorship.
Senior Reserving Analyst employer: JCW Group
Contact Detail:
JCW Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Reserving Analyst
✨Tip Number 1
Network like a pro! Reach out to professionals in the reinsurance and actuarial fields on LinkedIn. Join relevant groups and engage in discussions to get your name out there and learn about potential job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss advanced Excel, VBA, SQL, or Python. We want you to shine when they ask about your analytical mindset and experience with reserving methodologies!
✨Tip Number 3
Showcase your teamwork skills! Be ready to share examples of how you've collaborated with underwriting, claims, and finance teams. Highlighting your ability to work across different regions will set you apart from other candidates.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and take the initiative to connect directly with us.
We think you need these skills to ace Senior Reserving Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the key responsibilities and requirements from the job description. Highlight your experience in reserving analyses and any relevant technical skills, like Excel or SQL, to show us you’re the right fit.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you’re passionate about this role and how your background aligns with our needs. Share specific examples of your work in general insurance actuarial roles to make your application stand out.
Showcase Your Analytical Skills: Since we’re looking for someone with a strong analytical mindset, don’t shy away from including examples of complex data interpretation in your application. This will help us see how you can contribute to our team.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at JCW Group
✨Know Your Numbers
As a Senior Reserving Analyst, you'll be dealing with complex data. Brush up on your analytical skills and be ready to discuss specific examples of how you've assessed reserve adequacy in the past. Prepare to explain your thought process clearly, as this will show your ability to interpret and communicate complex data effectively.
✨Understand the Business
Familiarise yourself with the reinsurance industry and the company's specific operations. Research their reserving methodologies and tools they use, like ResQ. This knowledge will help you engage confidently with stakeholders and demonstrate your genuine interest in the role.
✨Showcase Team Collaboration
This role requires working closely with underwriting, claims, pricing, and finance teams. Be prepared to share examples of how you've successfully collaborated across teams in previous roles. Highlight your ability to take ownership while also being a team player, as this balance is crucial in a lean team structure.
✨Technical Skills Matter
Make sure you're comfortable discussing your technical skills, especially in Excel, VBA, SQL, or Python. If you have experience with any reserving software, mention it! Being able to demonstrate your technical proficiency will set you apart from other candidates.