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- Tasks: Lead quarterly reserving and financial reporting while enhancing analytical capabilities.
- Company: Join a dynamic team at Syndicate 4242 and SPA 1416 in London.
- Benefits: Enjoy a permanent role with opportunities for professional growth and development.
- Why this job: Make an impact in the actuarial field with a focus on data-driven decision making.
- Qualifications: Must be a qualified actuary with a degree in a quantitative subject and relevant experience.
- Other info: Proficiency in Excel is essential; knowledge of SQL, Python, or Power BI is a plus.
The predicted salary is between 48000 - 72000 £ per year.
The role will primarily comprise of carrying out the quarterly reserving and subsequent financial reporting and developing the analytical and reporting capabilities of the actuarial function.
- Location: London
- Category: Reserving
- Type: Permanent
Key Duties (Including but not limited to):
- Perform the quarterly reserving for lines of business written by Syndicate 4242 and SPA 1416.
- Develop Reserving MI that can be used across the business to understand key trends.
- Assess performance and highlight areas of concern and potential areas of remediation.
- Calculate, review and communicate reserve uncertainty/ranges.
- Review both gross and ceded data and controls to ensure data used in reserving is robust.
Minimum Requirements:
- Qualified actuary.
- Bachelor’s degree from a top UK university (or equivalent outside of the UK) in a quantitative subject, including but not limited to Mathematics, Computer Science, Economics, Finance, Physics, or Engineering.
- Significant experience in reserving and reporting, including across a number of (re)insurance lines.
- Understanding of actuarial techniques, modelling and validation processes; London market knowledge required.
- High proficiency in Microsoft Excel is required.
- Proficiency in SQL, Python, R, Power BI, and/or VBA advantageous.
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Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Reserving – 28220
✨Tip Number 1
Network with professionals in the actuarial field, especially those who work in reserving within the London market. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the sector.
✨Tip Number 2
Familiarise yourself with the specific lines of business written by Syndicate 4242 and SPA 1416. Understanding their unique characteristics and challenges will help you demonstrate your knowledge during interviews and show that you're genuinely interested in the role.
✨Tip Number 3
Brush up on your technical skills, particularly in Microsoft Excel, SQL, Python, R, Power BI, and VBA. Consider taking online courses or working on personal projects to showcase your proficiency in these tools, as they are highly advantageous for this position.
✨Tip Number 4
Prepare to discuss your experience with reserve uncertainty and data validation processes. Be ready to provide examples of how you've assessed performance and identified areas for remediation in previous roles, as this will highlight your suitability for the Head of Reserving position.
We think you need these skills to ace Head of Reserving – 28220
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as a qualified actuary and your experience in reserving and reporting. Emphasise your proficiency in relevant software like Excel, SQL, Python, R, Power BI, and VBA.
Craft a Strong Cover Letter: In your cover letter, explain why you are the perfect fit for the Head of Reserving role. Discuss your experience with quarterly reserving and how you've developed analytical capabilities in previous roles.
Showcase Relevant Experience: When detailing your work history, focus on specific projects or tasks that demonstrate your understanding of actuarial techniques and your ability to assess performance and highlight areas of concern.
Highlight Educational Background: Mention your degree from a top UK university or equivalent, especially if it’s in a quantitative subject. This is crucial as it aligns with the minimum requirements for the position.
How to prepare for a job interview at The Emerald Group
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Microsoft Excel and any experience you have with SQL, Python, R, or Power BI. Be prepared to discuss specific projects where you've used these tools to analyse data or develop reports.
✨Demonstrate Your Actuarial Knowledge
Since the role requires a strong understanding of actuarial techniques and reserving processes, be ready to explain complex concepts clearly. You might be asked to solve a problem on the spot, so brush up on your technical knowledge beforehand.
✨Prepare for Scenario-Based Questions
Expect questions that assess how you would handle specific situations related to reserving and financial reporting. Think about past experiences where you identified trends or areas of concern and be ready to share those examples.
✨Research the Company and Market
Familiarise yourself with Syndicate 4242 and SPA 1416, as well as the broader London market. Understanding their operations and challenges will help you tailor your responses and show your genuine interest in the role.
