Reserving Actuary in London

Reserving Actuary in London

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Perform reserve analysis and improve actuarial methods in a dynamic global team.
  • Company: SiriusPoint, a leading global insurer and reinsurer with a collaborative culture.
  • Benefits: Empowering environment, diverse culture, and opportunities for professional growth.
  • Why this job: Make a real impact in the insurance industry while developing your skills.
  • Qualifications: Qualified or nearly qualified actuary with strong analytical and communication skills.
  • Other info: Join a diverse team committed to integrity, collaboration, and customer focus.

The predicted salary is between 36000 - 60000 £ per year.

SiriusPoint is a global underwriter of insurance and reinsurance 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 International is looking for an ambitious, business minded, performance focused actuary to carry out reserving activities. You will work as actuary in our Actuarial Reserving team, to perform reporting and analysis of reserves in relation to our regulatory, operational and financial reviews, which include Solvency II, as well as communication of results and reserves to our global teams. The work tasks are challenging and rewarding, and excellent business understanding is key for success.

Your Responsibilities Will Include:

  • Perform reserve, cash flow, and sensitivity analysis for our business processes (including Solvency II technical provisions).
  • Improve, develop, test, and implement actuarial methods for reserve analysis, cash flow calculations, and volatility estimation.
  • Perform profitability and risk analysis for various business purposes.
  • Presenting the results of the actuarial reserve setting process to management.
  • Use and improve our current processes for reporting to our finance team, management, capital modellers, as well as auditors and regulators.
  • Liaising with pricing actuaries, exposure management, claims management and underwriters to ensure reserving Management Information (MI) is kept up-to-date.
  • Improve transparency and efficiency in the team’s reporting and communication processes.
  • Any other duties as reasonable 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.
  • 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. Our Purpose is to provide security and resilience in an uncertain world. Our Vision is to be recognized as a best-in-class insurer and reinsurer 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: SiriusPoint

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 focus on professional growth and development, the company offers meaningful opportunities for actuaries to engage in challenging projects while contributing to global initiatives. Located in Bermuda, employees benefit from a vibrant environment that values diversity and encourages innovative solutions, making it an ideal place for ambitious professionals seeking a rewarding career in the insurance and reinsurance sector.
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Contact Detail:

SiriusPoint Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Reserving Actuary in London

✨Tip Number 1

Network like a pro! Reach out to current or former employees at SiriusPoint on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.

✨Tip Number 2

Prepare for the interview by brushing up on your technical skills. Make sure you can confidently discuss Solvency II and your experience with reserve analysis. We want to see your passion and expertise shine through!

✨Tip Number 3

Show off your communication skills! During interviews, practice explaining complex actuarial concepts in simple terms. This will demonstrate your ability to liaise effectively with non-technical teams, which is key at SiriusPoint.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at SiriusPoint.

We think you need these skills to ace Reserving Actuary in London

Actuarial Skills
Reserving Analysis
Solvency II Knowledge
Data Processing
Database Structure Understanding
SQL
Power-BI
ResQ
Communication Skills
Presentation Skills
Interpersonal Skills
Problem-Solving Skills
Attention to Detail
Independence in Work
Multicultural Team Collaboration

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Reserving Actuary role. Highlight your relevant experience, especially in general insurance reserving and Solvency II regulations. We want to see how your skills align with what we’re looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your background makes you a great fit. Don’t forget to mention your ambition and creativity – we love that!

Showcase Your Communication Skills: Since strong written communication is key for us, make sure your application is clear and concise. Use professional language but let your personality shine through. We want to get a sense of who you are!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people. Plus, it shows you’re keen on joining our team at SiriusPoint!

How to prepare for a job interview at SiriusPoint

✨Know Your Numbers

As a Reserving Actuary, you'll be dealing with complex data and calculations. Brush up on your knowledge of Solvency II regulations and be prepared to discuss how you would approach reserve analysis. Familiarise yourself with the tools mentioned in the job description, like SQL and Power-BI, as they might come up during your interview.

✨Showcase Your Communication Skills

You'll need to present your findings to management and collaborate with various teams. Practice explaining complex actuarial concepts in simple terms. Think about examples from your past experiences where you've successfully communicated technical information to non-technical stakeholders.

✨Demonstrate Your Problem-Solving Mindset

SiriusPoint values solution-driven individuals. Prepare to discuss specific challenges you've faced in previous roles and how you approached them. Highlight your creativity and ambition in finding effective solutions, especially in improving processes or methodologies.

✨Emphasise Team Collaboration

Since the role involves liaising with different departments, be ready to talk about your experience working in multicultural teams. Share examples that showcase your interpersonal skills and how you've contributed to a collaborative environment, aligning with SiriusPoint's values of diversity and teamwork.

Reserving Actuary in London
SiriusPoint
Location: London

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