At a Glance
- 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.
- Other info: Engage with diverse business classes and enhance your actuarial skills.
- 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.
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
As a leading employer in the actuarial field, our company offers a dynamic work environment in London, where collaboration and innovation thrive. We prioritise employee growth through continuous learning opportunities and foster a supportive culture that values strong relationships across functions, ensuring that every team member can contribute meaningfully to our strategic objectives. With high visibility and regular interaction with senior stakeholders, this role not only enhances your professional profile but also allows you to make a significant impact within the organisation.
Contact Details:
The Emerald Group Ltd, Search and Selection Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reserving and Capital Actuary in London
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We think you need these skills to ace Reserving and Capital Actuary in London
Some tips for your application 🫡
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How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with The Emerald Group Ltd, Search and Selection.
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Before your interview, reach out to current or former The Emerald Group Ltd, Search and Selection employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
