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- Tasks: Lead actuarial work in reserving and support senior projects.
- Company: Dynamic insurance firm based in London with a hybrid work model.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- Qualifications: 2-5 years in General Insurance; fully qualified or nearly qualified actuary.
- Other info: Collaborative environment with strong focus on career advancement.
The predicted salary is between 36000 - 60000 £ per year.
Main Purpose of the Senior Reserving Actuary/ Reserving Actuary
Responsible for completing a range of actuarial work within the Reserving function, with a keen focus in particular leading on the first lining reserving responsibilities. You will be providing support to the reserving function and technical provision reporting and to provide support on ad-hoc projects to senior members of the actuarial function.
Accountabilities of the Senior Reserving Actuary/ Reserving Actuary
- Assessment of gross and net reserves by class of business and take responsibility for reserving classes grouped into particular divisions
- Assessment of Technical Provisions under Solvency II or other local regulation
- Preparation of reports for Quarterly Syndicate & Group functions and use of data warehouse
- Support of and liaising with pricing/underwriting/claims teams on a regular basis
- Preparation of reserving information to inform management and support underwriting teams
- Close collaboration with the capital modelling team to assist with internal model calibration
- Ad-hoc analysis of certain areas of the portfolio and provide support to the creating of tailored solutions
Requirements of the Senior Reserving Actuary/ Reserving Actuary
- 2-5 years’ experience working in General Insurance
- Fully qualified actuary or Newly/ nearly qualified
- Knowledge of actuarial techniques for reserving
- Familiarity with practices in London Market and UK Reinsurance and Commercial Lines Insurance
- An understanding of actuarial techniques used in reserving property and casualty insurance and treaty reinsurance
Senior 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 Senior Actuary in City of London
✨Tip Number 1
Network like a pro! Reach out to fellow actuaries and industry professionals on LinkedIn. Join relevant groups and participate in discussions to get your name out there. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews! Research the company and its recent projects, especially in reserving and actuarial techniques. We want you to be able to discuss how your experience aligns with their needs, so practice articulating your skills and achievements.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It shows your enthusiasm and keeps you fresh in their minds. We love a proactive candidate!
✨Tip Number 4
Apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you a leg up. Plus, it’s super easy to navigate and find roles that match your skills in the actuarial field.
We think you need these skills to ace Senior Actuary in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in general insurance and actuarial techniques for reserving. We want to see how your skills align with the Senior Reserving Actuary role, so don’t be shy about showcasing relevant projects or achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background makes you a perfect fit. We love seeing enthusiasm and a clear understanding of the responsibilities outlined in the job description.
Showcase Your Technical Skills: Since this role involves technical provision reporting and collaboration with various teams, make sure to highlight your familiarity with Solvency II and any relevant software or tools you’ve used. We’re keen on candidates who can hit the ground running!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team at StudySmarter!
How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Know Your Numbers
As a Senior Reserving Actuary, you'll need to demonstrate your understanding of actuarial techniques for reserving. Brush up on your knowledge of gross and net reserves, and be ready to discuss how you would assess technical provisions under Solvency II. Prepare some examples from your past experience that showcase your analytical skills.
✨Familiarise Yourself with the Market
Make sure you’re well-versed in the practices of the London Market and UK Reinsurance. Research recent trends and challenges in the industry, and think about how they might impact the role. This will show your potential employer that you’re not just qualified, but also genuinely interested in the field.
✨Collaboration is Key
The role involves close collaboration with various teams, including pricing, underwriting, and claims. Be prepared to discuss how you've successfully worked in cross-functional teams before. Share specific examples of how you’ve communicated complex actuarial concepts to non-actuarial colleagues.
✨Prepare for Technical Questions
Expect some technical questions during the interview. Review key actuarial techniques used in reserving property and casualty insurance, as well as treaty reinsurance. Practise explaining these concepts clearly and concisely, as this will demonstrate your expertise and communication skills.
