At a Glance
- Tasks: Join our team to provide actuarial advice and analyse reserve variability.
- Company: We are a leading multinational financial services company with a focus on innovation.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional development.
- Why this job: Be part of a dynamic team making impactful decisions in the insurance sector.
- Qualifications: Experience in actuarial functions, strong analytical skills, and proficiency in Excel required.
- Other info: This is a full-time, permanent role based in London or Leeds.
The predicted salary is between 48000 - 72000 £ per year.
They are looking for a Reserving Actuary to join their Actuarial Reserving team responsible for products across International Markets on a full-time, permanent basis.
Location: London or Leeds (Hybrid)
Key Duties (Including but not limited to):
- Reporting to their Senior Reserving Manager, you’ll provide actuarial advice to the relevant business units, developing relationships with key stakeholders and ensuring the technical quality of work undertaken.
- You’ll deliver quarterly reserving advice, contribute to business planning, analyze reserve variability, and partner with the business to conduct deep dives into relevant segments of the portfolio, supporting the Actuarial Manager as required.
- Forecast technical provisions, reserve margins, and reserve uncertainties to support business analysis, MI reports, accounts, business planning, profitability studies, and communications.
- Support senior team members by working through complex issues and explaining key assumptions to stakeholders.
Experience working within the actuarial function in a multinational financial services business, ideally within General Insurance (GI) Reserving. Stakeholder management skills and experience in discussions with wider business units. Proficiency in analyzing numerical data. Experience with Excel and other analytical tools, with the ability to develop sophisticated models to meet business needs.
Reserving Actuary – 28632 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary – 28632
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in the actuarial field, especially those relevant to General Insurance. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving industry.
✨Tip Number 2
Network with professionals already working in the actuarial reserving space. Attend industry events or join online forums where you can connect with actuaries. Building these relationships can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed stakeholder relationships in previous roles. Being able to articulate your experience in collaborating with different business units will set you apart from other candidates.
✨Tip Number 4
Brush up on your Excel skills and be ready to showcase your ability to create complex models. Consider preparing a portfolio of past projects or analyses that highlight your proficiency in using analytical tools, as this will be crucial for the role.
We think you need these skills to ace Reserving Actuary – 28632
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial reserving, particularly within multinational financial services. Emphasise your stakeholder management skills and any specific projects that demonstrate your analytical abilities.
Craft a Strong Cover Letter: In your cover letter, address how your background aligns with the key duties of the Reserving Actuary role. Mention your experience with Excel and analytical tools, and provide examples of how you've successfully managed complex issues in previous roles.
Showcase Technical Skills: Clearly outline your proficiency in analysing numerical data and developing sophisticated models. If you have experience with specific analytical tools or software, be sure to mention these as they are crucial for the role.
Highlight Communication Skills: Since the role involves explaining key assumptions to stakeholders, include examples in your application that demonstrate your ability to communicate complex information clearly and effectively to non-technical audiences.
How to prepare for a job interview at The Emerald Group
✨Understand the Role
Make sure you have a solid grasp of what a Reserving Actuary does. Familiarise yourself with key responsibilities like providing actuarial advice, analysing reserve variability, and working with stakeholders. This will help you answer questions confidently and demonstrate your enthusiasm for the role.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with Excel and other analytical tools. Highlight any sophisticated models you've developed in the past and how they contributed to business needs. This is crucial as technical proficiency is a key requirement for the position.
✨Prepare for Stakeholder Management Questions
Since stakeholder management is vital, think of examples where you've successfully communicated complex actuarial concepts to non-technical audiences. Be ready to explain how you build relationships and ensure clarity in discussions with various business units.
✨Demonstrate Analytical Thinking
Expect questions that assess your ability to analyse numerical data and forecast technical provisions. Prepare to discuss specific instances where your analytical skills made a difference in your previous roles, especially in relation to General Insurance Reserving.