Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage reserving processes and collaborate with teams to achieve business objectives.
- Company: Dynamic actuarial firm in London offering a hybrid work environment.
- Benefits: Competitive salary, professional development, and high visibility with senior stakeholders.
- Why this job: Make a real impact in a high-profile role while developing your actuarial skills.
- Qualifications: Part-qualified actuary with strong reserving experience and excellent communication skills.
- Other info: Opportunity for career growth and building relationships across diverse functions.
The predicted salary is between 43200 - 72000 £ per year.
We have partnered with a client who is looking for a Reserving and Capital Actuary or Part Qualified Actuary, to support the Chief Actuary as part of the Actuarial Function. The actuary will manage and perform regular reserving exercises across a diverse range of business classes, and to build strong relationships with other functions to deliver UK and Group objectives. Involvement in the UK regulatory capital calculation and capital projection processes is also expected to form part of this role.
Reserving legacy business involves specific actuarial techniques and regularly requires ad-hoc analysis into trends or cohorts, which often need non-standard approaches to be considered. The relationship with the claims team is crucial to the success of the reserving exercise as their input provides essential insight beyond the data. A successful candidate will seek opportunities beyond the reserving and capital exercises to support the business objectives of the Company and to add value.
This role has high visibility across the company, with regular interaction with senior stakeholders including UK and Group CEO, CFO, Claims Director and CRO and the Group Chief Actuary.
Responsibilities of the Reserving & Capital Actuary:- Management of reserving process for classes (specific classes will depend on experience but may include both US and UK longtail liabilities)
- Support in reserving process across all lines of business including UK EL, US Asbestos, US Pollution, US Abuse, PPOs
- Support in capital modelling including calculation of SII Standard Formula and bespoke ultimate capital modelling
- Business partnering to help deliver key strategic objectives in areas such as commutations, claims analytics and claims initiatives
- Peer review of reserving performed by other team members
- Building strong relationships across UK and Group functions to promote the role of the Actuarial Function within the company
- FIA (or equivalent) qualified / part Actuary, with at least 3-4 years of experience
- Strong reserving background, including experience of different actuarial techniques and communicating outcomes to non-actuarial functions
- Knowledge of reserving for legacy lines preferred
- Knowledge of SII Standard Formula / Internal Capital Models preferred
- Excellent written and verbal communication skills to be able to explain complex actuarial techniques and results to non-technical audiences including senior executives
- Ability to build productive relationships with non-actuarial functions to improve outcomes for actuarial processes and to support the business in achieving its objectives
- Track record of timely delivery of high-quality actuarial work
- Experience of SII SF model and projecting capital for planning purposes beneficial
Reserving and Capital Actuary in City of London employer: The Emerald Group Ltd, Search and Selection
Contact Detail:
The Emerald Group Ltd, Search and Selection Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving and Capital Actuary in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those who work in reserving and capital. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of regulatory capital calculations. We want you to be able to explain complex concepts clearly, so practice makes perfect!
✨Tip Number 3
Showcase your soft skills! Building relationships with non-actuarial functions is key, so highlight your communication and teamwork abilities during interviews. We need someone who can connect with claims teams and senior stakeholders.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Reserving and Capital Actuary in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reserving and Capital Actuary role. Highlight your relevant experience, especially in reserving processes and capital modelling. 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 you can contribute to our team. Don't forget to mention your experience with different actuarial techniques and your ability to communicate complex ideas clearly.
Showcase Your Communication Skills: Since this role involves interacting with senior stakeholders, it's crucial to demonstrate your excellent written communication skills. Use clear and concise language in your application to show that you can explain complex actuarial concepts to non-technical audiences.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss any important updates from us. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Know Your Actuarial Stuff
Make sure you brush up on your reserving techniques and capital modelling knowledge. Be ready to discuss specific actuarial methods you've used in the past, especially those related to legacy business. This will show that you’re not just familiar with the theory but can apply it practically.
✨Build Relationships
Since this role involves a lot of interaction with non-actuarial functions, think about how you can demonstrate your relationship-building skills. Prepare examples of how you've successfully collaborated with claims teams or other departments to achieve common goals. This will highlight your ability to work across functions.
✨Communicate Clearly
You’ll need to explain complex actuarial concepts to senior stakeholders who may not have a technical background. Practice simplifying your explanations and focus on how your work impacts the business objectives. Being able to communicate effectively is key to making a good impression.
✨Show Initiative
Think about ways you can add value beyond the core responsibilities of the role. Be prepared to discuss any innovative ideas or improvements you've implemented in previous roles. This will demonstrate your proactive approach and commitment to supporting the company's objectives.
