At a Glance
- Tasks: Oversee actuarial reserves and collaborate with teams to influence key decisions.
- Company: Join a leading Lloyd's managing agency with a dynamic culture.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Exciting opportunity for career advancement in a growing business.
- Why this job: Make a real impact in a high-profile role with senior leadership exposure.
- Qualifications: Non-Life actuarial experience and strong technical grasp of reserving methods.
The predicted salary is between 100000 - 120000 £ per year.
North Co Recruitment are working with a Lloyd's managing agency to appoint a Reserving Manager into their actuarial function.
It's a senior, highly visible role with direct line of sight to the actuarial and finance leadership team, offering real input into reserving decisions across the syndicates under management rather than a narrow technical seat far removed from where decisions get made.
What you'll do
- Own day-to-day oversight of actuarial best estimate reserves and Solvency UK Technical Provisions across the syndicates under management.
- Review and challenge reserving results prepared by external providers and outsourced functions, escalating concerns where needed.
- Partner with Underwriting, Claims, Finance and Risk to set and stress-test key reserving assumptions.
- Prepare and present papers for reserving committees and wider governance forums, including Audit, Risk and Board.
- Contribute reserving input to ORSAs and Actuarial Function Reports, helping ensure processes meet Lloyd's, PRA and IFo A requirements.
- Get involved in the reserving side of wider business change, from process improvements to bringing new syndicates on board.
What we're looking for
- Non-Life actuarial experience gained within Lloyd's or the wider London Market.
- Qualified actuary, or no longer progressing with exams, with equivalent experience.
- Strong technical grasp of Solvency UK and GAAP requirements for Technical Provisions.
- Solid understanding of London Market reserving methods and practices.
- A track record of reviewing or challenging actuarial reserving output.
- Comfortable presenting and communicating with senior stakeholders.
- Confidence working across teams and disciplines beyond reserving.
- Hybrid working applies, with a mix of home and office-based collaboration.
If you're looking for a high-profile reserving role with genuine influence over how syndicates are reserved, exposure to senior leadership and a route into a growing managing agency business, we'd be keen to speak.
Salary
£100,000 - £120,000 base, plus discretionary bonus
Location
Hybrid, London Based.
Please note, the client is unable to offer sponsorship for this opportunity.
For more information or to discuss other opportunities, reach out to Tom Parker, visit our website or follow our Linked In page.
Reserving Manager in Slough employer: North Co Recruitment
Join a dynamic scale-up management consultancy that thrives at the intersection of consulting expertise and innovative SaaS technology. With a collaborative work culture and a focus on employee growth, this role offers you the chance to engage with leading financial institutions while driving impactful transformation programmes. Enjoy competitive compensation, a discretionary bonus, and the flexibility of a hybrid working model in London, making it an excellent opportunity for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Manager in Slough
✨Dive Into Industry Networking Events
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We think you need these skills to ace Reserving Manager in Slough
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 North Co Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at North Co Recruitment. 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 North Co Recruitment
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at North Co Recruitment 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 North Co Recruitment, 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 North Co Recruitment'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.
