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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: Join a team making impactful decisions in the insurance industry.
- Qualifications: 2-5 years in General Insurance; fully qualified or nearly qualified actuary.
- Other info: Collaborative environment with strong focus on career development.
The predicted salary is between 48000 - 72000 £ per year.
Overview
LOCATION: London/ Hybrid
Main purpose
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.
Responsibilities
- 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
Qualifications
- 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 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 London
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those who work in reserving. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and recent developments in the London Market. We want you to be ready to discuss your experience with Solvency II and how it relates to the role.
✨Tip Number 3
Showcase your analytical skills! Be ready to share examples of how you've assessed reserves or collaborated with underwriting teams. Real-life stories can make you stand out during interviews.
✨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 Senior Actuary in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Senior Reserving Actuary role. Highlight your actuarial qualifications and any relevant projects you've worked on, especially those related to reserving and technical provisions.
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 aligns with our needs. Don’t forget to mention your experience in the London Market and your familiarity with Solvency II.
Showcase Your Analytical Skills: As an actuary, your analytical skills are key. In your application, provide examples of how you've assessed reserves or contributed to technical provision reporting. This will help us see your problem-solving abilities in action!
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 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. Highlight any specific projects where your collaboration led to improved outcomes or solutions.
✨Prepare for Technical Questions
Expect some technical questions during the interview. Review key actuarial concepts and be ready to explain them clearly. You might be asked to solve a problem on the spot, so practice articulating your thought process as you work through it. This will demonstrate your expertise and confidence in your abilities.
