At a Glance
- Tasks: Support the actuarial reserving process and deliver insightful analysis for our global operations.
- Company: Join SiriusPoint, a leading specialty underwriter with a collaborative culture.
- Benefits: Empowering environment, career growth opportunities, and a focus on diversity and inclusion.
- Other info: Be part of a diverse team united by common goals and values.
- Why this job: Make a real impact in a dynamic role while working with industry experts.
- Qualifications: Qualified or nearly qualified actuary with strong analytical skills and a passion for learning.
The predicted salary is between 60000 - 80000 £ per year.
SiriusPoint is a specialty underwriter providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally.
SiriusPoint is looking for an ambitious, business-minded, and performance-focused actuary to play a key role in supporting the quarterly actuarial reserving process for the Syndicate. Reporting to the Head of International Reserving, this role will be responsible for delivering robust reserving analysis, supporting Solvency II Technical Provisions, and ensuring high-quality management and regulatory reporting for SiriusPoint, SiriusPoint London Branch, and Lloyd’s.
The successful candidate will work closely with actuarial, underwriting, claims, exposure management, capital, and external stakeholders to provide clear insight, strengthen reserving MI, and support audit and validation requirements. This is an opportunity to contribute to the continued development of the reserving function, with a focus on technical excellence, process efficiency, and adapting to the evolving needs of the business.
Your responsibilities will include the following:
- Undertaking reserving analysis and peer-reviewing work of less experienced resources
- Calculating Solvency II Technical Provisions in line with relevant guidance and external reporting requirements
- Presenting the results of the reserving analysis and technical provision calculation to management
- Working collaboratively to meet management and regulatory reporting requirements for the Syndicate, including for SiriusPoint, SiriusPoint London Branch and Lloyd's
- Contributing to the development of the reserving process; with a focus on efficiencies and adapting to wider business changes
- Liaising with pricing actuaries, exposure management, claims management and underwriters to ensure reserving MI is kept up-to-date
- Working with external parties (auditors, consultants, Lloyd’s) as required to support the Syndicate’s external audit and validation processes
- Assisting the Capital team with reserving data and parameters inputs for the Internal Model, particularly Reserve Risk.
- To perform all duties in line with the FCA Individual Conduct Rules as documented in the Employee Handbook
- Any other duties as reasonably required
Your Skills and Abilities Should Include:
- Excellent academic record and degree level qualification.
- Qualified actuary, or nearly qualified actuary, with a recognised professional actuarial society.
- Solid General Insurance reserving experience and understanding of the Solvency II regulation is a merit.
- Previous reserving experience in the Lloyds market would be beneficial.
- Interest in data processing and database structure.
- Working knowledge in tools such as SQL, Power-BI and ResQ is a merit.
- High ambition in combination with creativity and a strong sense for details.
- Strong written English communication and presentation skills.
- Excellent relationship building and interpersonal skills are essential.
- An urge to learn new things and develop into new roles.
- Ability to work independently within a multicultural organization.
At SiriusPoint we work as one team across our global business, and we unite that team behind common goals, understanding the positive impact we can all make at SiriusPoint. We aim to retain and attract great people, knowing they can achieve a rewarding and enriching career. Our Purpose is to provide security and resilience in an uncertain world. Our Vision is to be recognized as a best-in-class underwriter utilizing deep risk capabilities to protect our customers. Blending our talent, expertise, and data to provide intelligent risk solutions. Our culture is one of performance and accountability. Our people are our experts, and you will be empowered to apply your expertise in a supportive, collaborative and purposeful environment.
Our Values are at the heart of our business, and which guide everyday actions and decision making.
- Integrity: Integrity, respect and trust are our core principles
- Customer Focused: Our customers are the reason we exist
- Solution Driven: Creating solutions is our mindset
- Diversity: Diversity, inclusion and allyship make us stronger
- Collaboration: Collaboration drives outperformance
We are unable to sponsor or take over sponsorship of an employment visa at this time.
Reserving Actuary in London employer: Sirius Point
SiriusPoint is an exceptional employer that fosters a collaborative and inclusive work culture, empowering employees to leverage their expertise from day one. With a strong commitment to diversity and professional growth, the company offers meaningful opportunities for career development while ensuring a supportive environment where every voice is valued. Located in the vibrant city of London, employees benefit from a dynamic atmosphere that encourages innovation and teamwork, making it an ideal place for ambitious actuaries to thrive.
StudySmarter Expert Advice🤫
We think this is how you could land Reserving 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 Sirius Point). 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 Sirius Point. 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 Reserving 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 Sirius Point.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Sirius Point. 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 Sirius Point
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Sirius Point 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 Sirius Point, 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 Sirius Point'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.
