At a Glance
- Tasks: Support the Lead Reserving Actuary and conduct in-depth analyses for Bermuda operations.
- Company: Join a leading reinsurance company with a focus on growth and development.
- Benefits: Competitive salary, professional development opportunities, and a collaborative work environment.
- Other info: Dynamic team culture with opportunities for coaching and career advancement.
- Why this job: Make a real impact in the actuarial field while developing your skills and expertise.
- Qualifications: Degree in Mathematics, qualified actuary, and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
Qualifications
- University degree in Mathematics or a related field
- Qualified Actuary (FIA or equivalent)
- General commercial and financial knowledge
- Experienced user of MS Excel, VBA and Access/SQL skills
- Strong technical skills and relevant market knowledge, with good experience of reserving and actuarial valuation techniques
- Strong analytical skills with attention to detail; accurate and numerate
- Ability to understand claim trends, impact of legislative & other drivers
- Excellent communication skills, both verbal and written
- Team player, providing support and coaching while working independently
- Pro‑active, takes initiative and adopts a positive approach to challenges, seeking improvements
- Time‑management skills, ability to meet deadlines and prioritise tasks
- Willingness to develop and improve own capability, including non‑technical soft skills
Role Summary
The role supports the Lead Reserving Actuary and their team across all aspects of the Actuarial Function Holder responsibilities for Antares’ Bermuda operations. It involves working with Antares RE (a Bermuda‑domiciled reinsurance company), its subsidiary QEL, and group‑level reporting for Antares Holdings.
Key duties include:
- Coaching and technical support for junior actuarial team members
- Conducting quarterly reserving processes, portfolio reviews, and ad‑hoc deep‑dive analyses
- Analysis of quarterly reserving projections and A vs E Solvency II technical provisions and IFRS 17 fulfilment cashflows
- Assisting with reserving analysis and assessments of business profitability
- Participating in meetings alongside product‑line underwriters and claims personnel to discuss account performance, underwriting changes, and trends
- Producing quarterly reserving outcomes for the reserving committee, explaining core drivers and uncertainties
- Undertaking deep‑dive analysis into reserving issues or areas of interest to support overall reserving activity
- Collaborating with Finance and Risk functions to ensure financial close numbers capture all relevant actuarial outputs
- Contributing to the growth, development and sustained profitability of Antares Global
Key Accountabilities
- Produce quarterly reserving results for review
- Provide effective input to Business Planning
- Maintain appropriate systems practices, data, services and technical standards for the team's work
- Contribute to multi‑disciplinary projects
- Ensure own Personal Performance and Development Plan (PPDP) and Continuing Professional Development (CPD) are maintained
- Maintain a positive internal and external business profile
- Support team members and provide coaching to junior team members
- Contribute constructive feedback and foster collaboration within and across teams
- Promote open communication and demonstrate appropriate behaviours
Reserving Actuary employer: LE010 Antares Global Management Limited
Antares is an exceptional employer, offering a dynamic work environment in Bermuda that fosters professional growth and collaboration. With a strong emphasis on employee development, we provide opportunities for coaching and mentorship, ensuring that our team members thrive both technically and personally. Our commitment to a positive work culture, combined with the unique advantages of living in Bermuda, makes Antares a rewarding place to build a meaningful career in the actuarial field.
Contact Details:
LE010 Antares Global Management Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Actuary
✨Network Like a Pro
Get out there and connect with fellow actuaries and industry professionals. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your technical skills and experience with reserving techniques. We want to see how you can bring value to the team, so share specific examples of your past work and successes.
✨Prepare for the Interview
Do your homework before the interview! Understand Antares’ operations and the role of a Reserving Actuary. We recommend preparing questions that show your interest in their processes and how you can contribute to their goals.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Reserving Actuary
Some tips for your application 🫡
Show Off Your Qualifications:Make sure to highlight your university degree in Mathematics or a related field, and don’t forget to mention your qualifications as an actuary. We want to see how your background aligns with the role of Reserving Actuary!
Demonstrate Your Technical Skills:We love seeing strong technical skills! Be sure to showcase your experience with MS Excel, VBA, and Access/SQL. If you’ve got any cool projects or analyses you've done, throw those in there too!
Communicate Clearly:Since excellent communication is key, make sure your application is clear and concise. Use straightforward language and structure your thoughts well. We want to see your analytical skills shine through your writing!
Be Proactive and Positive:Show us your proactive attitude! In your application, mention times when you took initiative or sought improvements in your work. We’re looking for team players who can also work independently, so let that shine through!
How to prepare for a job interview at LE010 Antares Global Management Limited
✨Know Your Numbers
As a Reserving Actuary, you'll need to demonstrate your strong analytical skills. Brush up on your knowledge of reserving techniques and be ready to discuss specific examples from your experience. Prepare to explain how you've used MS Excel, VBA, or SQL in past roles to analyse data and draw insights.
✨Showcase Your Communication Skills
Communication is key in this role, especially when explaining complex actuarial concepts to non-technical stakeholders. Practice articulating your thoughts clearly and concisely. Consider preparing a brief presentation on a past project to showcase your ability to convey technical information effectively.
✨Be Proactive and Positive
The job requires a proactive approach to challenges. Think of instances where you took the initiative to improve processes or solve problems. Be ready to share these examples during the interview, highlighting your positive attitude and willingness to learn and develop.
✨Team Player Mindset
This role involves coaching junior team members and collaborating with various functions. Prepare to discuss your experiences working in teams, how you've supported others, and any leadership roles you've taken on. Emphasise your ability to foster collaboration and open communication within a team setting.
