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- Tasks: Manage reserving processes and collaborate with teams to achieve business objectives.
- Company: Dynamic insurance 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 crucial role with opportunities for growth and innovation.
- Qualifications: FIA qualified or part qualified actuary with strong reserving experience.
- Other info: Engage with diverse business classes and enhance your actuarial skills.
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
Requirement of the Reserving & Capital Actuary:
- 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 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 London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Ace the Interview
Prepare for your interviews by researching the company and practising common actuarial questions. Be ready to discuss your experience with reserving and capital modelling, and think of examples that showcase your skills. Confidence is key!
✨Showcase Your Skills
Create a portfolio or presentation that highlights your best work in reserving and capital calculations. This can set you apart from other candidates and give you a chance to demonstrate your expertise in a tangible way.
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us not only shows your interest but also gives you a better chance of being noticed by hiring managers. Let’s get you that dream job!
We think you need these skills to ace Reserving and Capital Actuary in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your reserving background and any relevant actuarial techniques you've used. We want to see how you can add value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Reserving and Capital Actuary role. Share specific examples of your past work that align with our needs, and don’t forget to show your enthusiasm for the position.
Showcase Your Communication Skills: Since this role involves explaining complex actuarial concepts to non-technical audiences, make sure your application demonstrates your ability to communicate clearly. Use straightforward language and avoid jargon where possible – we appreciate clarity!
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 keen on joining our team at StudySmarter!
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 adds value to the business. Being able to communicate effectively is key to making a good impression.
✨Show Initiative
Think about ways you can contribute beyond the core responsibilities of the role. Prepare to discuss any past experiences where you identified opportunities for improvement or innovation in actuarial processes. This will demonstrate your proactive approach and commitment to supporting the company's objectives.
