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- Tasks: Support the Head of Reserving in managing the end-to-end reserving process.
- Company: Join a leading firm in the insurance sector based in London.
- Benefits: Enjoy a permanent role with opportunities for professional growth and development.
- Why this job: Be part of a dynamic team, enhancing your actuarial skills while making a real impact.
- Qualifications: Qualified actuary with knowledge of reserving techniques; Lloyd’s Market experience preferred.
- Other info: Strong computer skills, especially in MS Excel; SQL experience is a plus.
The predicted salary is between 48000 - 72000 £ per year.
The role holder will be responsible for supporting the Head of Reserving in coordinating and owning the end-to-end reserving process to ensure that the levels of reserves remain appropriate for the business.
Location: London
Category: Reserving
Type: Permanent
Key Duties (Including but not limited to):
- Help the Head of Reserving with establishing and embedding an actuarial reserving process.
- Work through the end-to-end quarterly reserving process, including data ingestion, model parametrisation across all classes, reviewing key diagnostics (such as the Actual Versus Expected results, key ratios, Analysis of Change) and calculating and proposing appropriate reserve levels on a best estimate basis and summarising outputs.
- Be responsible for maintaining reserving models and ongoing process enhancements.
Qualifications:
- Qualified actuary with prior knowledge of reserving techniques, preferably with Lloyd’s Market experience.
- Excellent computer skills including MS Excel and an interest/background in technology (SQL experience would be advantageous).
- Strong communication skills with ability to explain complex issues to non-actuarial and/or junior team members.
Reserving Actuary – 28691 employer: The Emerald Group
Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary – 28691
✨Tip Number 1
Familiarise yourself with the specific reserving techniques used in the Lloyd’s Market. This knowledge will not only help you understand the role better but also demonstrate your commitment and expertise during discussions.
✨Tip Number 2
Brush up on your Excel skills, especially advanced functions and data analysis tools. Being proficient in Excel is crucial for this role, and showcasing your ability to manipulate and analyse data can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience with the end-to-end reserving process. Be ready to share specific examples of how you've contributed to similar processes in the past, as this will highlight your practical knowledge and problem-solving skills.
✨Tip Number 4
Work on your communication skills, particularly in explaining complex actuarial concepts to non-actuarial audiences. Practising this skill will help you convey your ideas clearly during interviews and show that you can work effectively within a team.
We think you need these skills to ace Reserving Actuary – 28691
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Reserving Actuary position. Understand the key duties and required skills, especially focusing on the end-to-end reserving process and the importance of communication within the team.
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial reserving processes, particularly any work with Lloyd’s Market. Emphasise your qualifications and any specific projects that demonstrate your expertise in this area.
Craft a Strong Cover Letter: Write a cover letter that connects your background to the responsibilities outlined in the job description. Mention your familiarity with reserving techniques and your computer skills, particularly in MS Excel and SQL, to show you are a good fit for the role.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial for an actuary.
How to prepare for a job interview at The Emerald Group
✨Understand the Reserving Process
Make sure you have a solid grasp of the end-to-end reserving process. Be prepared to discuss how you would approach data ingestion, model parametrisation, and the importance of key diagnostics like Actual Versus Expected results.
✨Showcase Your Technical Skills
Highlight your proficiency in MS Excel and any experience with SQL. Be ready to provide examples of how you've used these skills in previous roles, especially in relation to maintaining reserving models or enhancing processes.
✨Communicate Clearly
Since strong communication skills are essential, practice explaining complex actuarial concepts in simple terms. Think of examples where you've successfully communicated with non-actuarial colleagues or mentored junior team members.
✨Demonstrate Industry Knowledge
Familiarise yourself with Lloyd’s Market practices and reserving techniques. Being able to discuss current trends or challenges in the industry will show your enthusiasm and commitment to the role.
