At a Glance
- Tasks: Join a collaborative team to focus on reinsurance reserving and deep dive analysis.
- Company: Dynamic reinsurance company based in London with a strong team culture.
- Benefits: Competitive salary, professional development, and opportunities for ownership in processes.
- Other info: Exciting opportunity for career growth in a supportive environment.
- Why this job: Make a real impact in the reinsurance sector while developing your actuarial skills.
- Qualifications: FIA Qualified Actuary with reserving experience and strong Excel, VBA, and SQL skills.
The predicted salary is between 60000 - 80000 £ per year.
A re(insurer) is looking to hire a Reserving Actuary to join their team in London. This will focus on reinsurance reserving. In this role you will report into the Lead Actuary. You will be involved in SII TPs, quarterly reserving activity, undertaking deep dive analysis into areas of interest, and providing effective input into the business planning process alongside other activity.
This is a highly collaborative team to join in the business. They are keen for the role holder to take ownership of their processes.
For this role they want to speak to FIA Qualified Actuaries who have reserving experience. They are open to both personal lines and Lloyd's/London Market backgrounds. Candidates should be able to communicate effectively and be experienced users of Excel, VBA and SQL.
Reserving Actuary - Reinsurance employer: The Actuary
Join a leading reinsurance firm in London that values collaboration and innovation, offering a dynamic work culture where your contributions directly impact business outcomes. As a Reserving Actuary, you will benefit from extensive professional development opportunities, competitive remuneration, and a supportive environment that encourages ownership of your work. This role not only allows you to engage with complex reserving challenges but also positions you within a vibrant city known for its rich financial heritage and networking potential.
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Actuary - Reinsurance
✨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 The Actuary). 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 The Actuary. 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 - Reinsurance
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 The Actuary.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Actuary. 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 The Actuary
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Actuary 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 The Actuary, 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 The Actuary'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.
