At a Glance
- Tasks: Lead the quarterly reserving process and assess profitability across business lines.
- Company: Join a leading actuarial team in a dynamic London-based firm.
- Benefits: Flexible working, competitive salary, and opportunities for professional growth.
- Other info: Mentor junior team members and thrive in a collaborative environment.
- Why this job: Shape strategic decisions with your actuarial insights and make a real impact.
- Qualifications: Qualified actuary with experience in general insurance and strong analytical skills.
The predicted salary is between 60000 - 80000 £ per year.
Location: London 2-3 days per week
About the Role
We are seeking a highly skilled and experienced Reserving Manager to join our Actuarial team. This is a pivotal role supporting the UK & European business areas, with scope to contribute to other territories as needed. You will lead the quarterly reserving process, assess profitability across business lines, and project profit commission accruals, helping shape strategic decisions through actuarial insight.
Key Responsibilities
- Lead the quarterly reserving process, including profitability assessments and profit commission projections.
- Enhance and expand methodologies for assessing Ultimate Loss Ratios (ULRs) and modelling profit commissions.
- Support the development of a robust actuarial database as the central source of reserving data.
- Implement effective controls to ensure data integrity and model accuracy.
- Conduct deep-dive reviews of products to identify trends, growth opportunities, and corrective actions.
- Assist in developing Management Information (MI) that incorporates reserving analytics.
- Communicate key findings and uncertainties to stakeholders in a clear and engaging manner.
- Mentor junior team members and promote knowledge sharing across the team.
Skills & Experience
- Qualified actuary (FIA or equivalent) with post-qualification experience in general insurance.
- Strong background in actuarial reserving, ideally with London market experience.
- Proven ability to develop and enhance actuarial models, including data specification, reconciliation, testing, and documentation.
- Proficient in SQL and comfortable working with large, complex datasets.
- Experience with ResQ, Excel, Power BI, and Python is highly desirable.
- Detail-oriented with a strong focus on auditability and documentation.
- Excellent time management and prioritisation skills.
- Strong communicator, capable of presenting technical findings to non-technical audiences.
Please apply!
Actuarial Manager in Cardiff employer: Lorien
Join our dynamic Actuarial team in London, where we foster a collaborative and innovative work culture that prioritises employee growth and development. As an Actuarial Manager, you will not only lead critical reserving processes but also have the opportunity to mentor junior colleagues and shape strategic decisions across the UK and European markets. With flexible working arrangements and a commitment to data integrity, we offer a rewarding environment for actuaries looking to make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Manager in Cardiff
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Lorien). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Lorien. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Manager in Cardiff
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Lorien.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lorien. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Lorien
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lorien to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Lorien, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Lorien's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
