At a Glance
- Tasks: Lead delivery of actuarial projects, managing teams for general insurance clients.
- Company: Top-tier management consultancy with a focus on innovation and client success.
- Benefits: Competitive salary, professional development, and opportunities to work on diverse projects.
- Other info: Collaborative environment with opportunities to work on challenging and rewarding projects.
- Why this job: Join a growing team and make an impact in the dynamic world of non-life insurance.
- Qualifications: Nearly or fully qualified actuary with experience in non-life insurance and pricing.
The predicted salary is between 60000 - 80000 £ per year.
This Tier 1 Management Consultancy are currently looking for an Actuarial Consultant in the Non-Life Actuarial function. This is a new role as they continue to expand the team due to increasing levels of client demand for their expertise. In this role, you will take a lead delivery role, managing small teams of advisors and auditors to a wide range of general insurance companies in the Retail and Commercial sectors, including within Lloyd's and the London Market. You will get the opportunity to work on a wide range of projects from pricing transformations to governance to data enrichment.
In order to secure this Actuarial Consulting role, you must be nearly or fully Qualified and have good experience in either an Actuarial Consultancy or internally for a major corporation. You will also need experience in the following areas:
- Must have experience of working in a Non-Life Actuarial, General Insurance sector
- A demonstrable background in pricing for London Market insurance
- In depth experience of using Hx Renew
- Proven experience in pricing model or technology transformation programme
- Understanding of regulatory requirements relevant to pricing governance
- Experience of managing and building good relationships with Senior Executive levels
- Evidence of working on challenging projects, and collaborating with teams from other business groups
Senior Consulting Actuary in London employer: Lorien
As a leading Tier 1 Management Consultancy, we pride ourselves on fostering a dynamic and inclusive work culture that encourages professional growth and collaboration. Our employees benefit from a wealth of opportunities to engage in diverse projects within the Non-Life Actuarial sector, all while being supported by a team of experienced professionals in the heart of London. Join us to not only advance your career but also to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Consulting Actuary in London
✨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 Senior Consulting Actuary in London
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.
