At a Glance
- Tasks: Support reserving processes and deliver accurate analyses in a dynamic insurance environment.
- Company: Leading Specialty Insurance provider with a supportive and empowering culture.
- Benefits: Competitive salary, professional development, and a collaborative team atmosphere.
- Other info: Opportunities for growth and learning in a fast-paced environment.
- Why this job: Join a bold team and make a real impact in the insurance industry.
- Qualifications: Mathematics or actuarial background with 2+ years of experience.
The predicted salary is between 45000 - 55000 £ per year.
Our client’s ambition to become the leading Specialty Insurance provider, backed by an effective and adaptable strategy, strong products and industry leaders working in a supportive environment to achieve this. At the centre of their success is an empowering culture where people are encouraged to be present, bold and curious, allowing them to achieve their best outcomes.
The Reserving Actuarial Analyst will support the company’s reserving function by delivering accurate and timely reserve analyses and models, ensuring robust reserving processes, while acting as a trusted actuarial expert.
Responsibilities
- Support the Best Estimate and Syndicate reserving processes by producing, reconciling, and analysing results on both gross and reinsurance bases.
- Run and review allocation of reserving outputs to meet various internal and regulatory reporting requirements, which at times can be time pressured.
- Prepare and present reserving results and relevant information for quarterly reserving meetings and the Reserving Committee.
- Support team members in dealing with requests and queries from stakeholders across the business.
- Assist as required with wider reserving tasks such as the annual reserve report, benchmarking exercises and deep-dive reserving investigations.
- Contribute to other Reporting and Reserving tasks as needed.
- Maintain and enhance actuarial reserving models, including annual updates of reserving parameters (gross and reinsurance), model development for new business classes, and support implementation of new reserving techniques.
Requirements
- Mathematics or Actuarial Background.
- 2+ years of experience, within an actuarial reserving role.
- Highly developed mathematical / statistical knowledge.
- Willingness to further increase knowledge of Reserving and Reporting related matters and key market topics and develop technical and management skills.
Reserving Analyst employer: The Emerald Group Ltd, Search and Selection
Join a forward-thinking UK insurance business that champions innovation and collaboration in the Pricing function. With a hybrid work model allowing for flexibility, employees benefit from a supportive culture that prioritises professional growth and development, alongside competitive remuneration and comprehensive benefits. This role not only offers the chance to influence pricing strategy but also fosters strong interdepartmental relationships, making it an ideal environment for those seeking meaningful and impactful work.
Contact Details:
The Emerald Group Ltd, Search and Selection Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Analyst
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like The Emerald Group Ltd, Search and Selection). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like The Emerald Group Ltd, Search and Selection. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Reserving Analyst
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at The Emerald Group Ltd, Search and Selection.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Emerald Group Ltd, Search and Selection. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Emerald Group Ltd, Search and Selection to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at The Emerald Group Ltd, Search and Selection, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding The Emerald Group Ltd, Search and Selection's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
