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- Tasks: Lead the reserving process for multiple Lloyd’s syndicates and manage a small team.
- Company: Join a prestigious global insurer in the Lloyd’s market with a strong reputation.
- Benefits: Enjoy competitive day rates and the chance to work in a dynamic environment.
- Why this job: Make a significant impact while developing your skills in a fast-paced setting.
- Qualifications: Qualified actuary with Lloyd’s reserving experience and strong leadership skills required.
- Other info: This is a 12-month contract role with opportunities for professional growth.
The predicted salary is between 72000 - 108000 £ per year.
A prestigious global Lloyd’s market insurer is seeking an experienced reserving contractor to support and manage the quarterly syndicate reserving process over a 12-month engagement.
Key Responsibilities:
- Lead and manage the end-to-end reserving process across multiple Lloyd’s syndicates.
- Ensure timely and accurate delivery of quarterly reserves and associated technical provisions under Lloyd’s and Solvency II reporting requirements.
- Oversee the preparation and review of QMA, QMB, ASR, and QSR returns.
- Liaise closely with finance, claims, and underwriting teams to validate assumptions and key inputs.
- Manage and mentor a small team of analysts and junior actuaries, providing oversight, development, and review.
- Support regulatory engagement, internal model validation, and audit queries as needed.
- Maintain and enhance reserving governance, documentation, and controls in line with Lloyd’s expectations.
Required Experience:
- Qualified actuary (or equivalent) with strong Lloyd’s reserving experience.
- Proven experience managing syndicate reserving cycles and technical provision calculations.
- Comfortable leading processes independently and interacting with senior stakeholders.
- Strong working knowledge of Lloyd’s reporting requirements and relevant reserving software (e.g. ResQ).
- Demonstrated experience in managing and developing junior staff.
- Ability to work in a fast-paced environment with changing priorities.
This is an excellent opportunity to join a respected global insurer and make a significant contribution to their Lloyd’s reserving operations during a key phase.
Contact Detail:
Placed Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Reserving Contractor 12month Day Rate (London Area)
✨Tip Number 1
Network with professionals in the Lloyd's market. Attend industry events or webinars where you can meet actuaries and other stakeholders. Building relationships can lead to referrals and insider information about job openings.
✨Tip Number 2
Familiarise yourself with the latest trends and changes in Lloyd’s reserving practices. Keeping up-to-date with industry news will not only enhance your knowledge but also give you talking points during interviews.
✨Tip Number 3
Prepare to discuss your experience with specific reserving software, particularly ResQ. Be ready to provide examples of how you've used it effectively in past roles, as this will demonstrate your technical proficiency.
✨Tip Number 4
Showcase your leadership skills by preparing examples of how you've managed teams or mentored junior staff. Highlighting your ability to develop others will resonate well with employers looking for someone to oversee a small team.
We think you need these skills to ace Actuarial Reserving Contractor 12month Day Rate (London Area)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in Lloyd’s reserving and technical provisions. Use specific examples that demonstrate your ability to manage syndicate reserving cycles and lead teams.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your qualifications as an actuary and your experience with Lloyd’s reporting requirements. Be sure to explain how you can contribute to their reserving operations.
Highlight Key Skills: Emphasise your leadership skills and experience in mentoring junior staff. Discuss your comfort in interacting with senior stakeholders and managing processes independently, as these are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is vital in the actuarial field.
How to prepare for a job interview at Placed
✨Understand the Lloyd's Market
Make sure you have a solid grasp of how the Lloyd's market operates, especially regarding reserving processes. Familiarise yourself with key terms and concepts related to Lloyd’s and Solvency II reporting requirements, as this will demonstrate your expertise and readiness for the role.
✨Showcase Your Leadership Skills
Since the role involves managing and mentoring a small team, be prepared to discuss your leadership style and experiences. Share specific examples of how you've successfully led teams in the past, particularly in high-pressure situations or during complex reserving cycles.
✨Prepare for Technical Questions
Expect to answer technical questions related to reserving calculations and the software used, such as ResQ. Brush up on your knowledge of the reserving process and be ready to explain your approach to managing syndicate reserving cycles and technical provisions.
✨Demonstrate Stakeholder Engagement
Highlight your experience in liaising with various teams, such as finance, claims, and underwriting. Be ready to discuss how you validate assumptions and inputs, and provide examples of how you've effectively communicated with senior stakeholders to ensure successful outcomes.
