Insurance & Actuarial Science

Insurance & Actuarial Science

Selby Jennings: A specialist talent partner for insurance and actuarial

Selby Jennings is a leading specialist talent partner for Financial Sciences & Services. Our global insurance and actuarial team provides permanent, contract, and multi-hire recruitment from our offices across three continents.

For more than 20 years, clients and candidates have had peace of mind that the specialist insurance and actuarial recruitment process is in safe hands.

From streamlining processes and upskilling workforces to staying cutting edge by employing flexible work models, we advise enterprise leaders on when to strike and how. We also provide expert insight to insurance and actuarial professionals on benchmarking benefits packages and salaries, as well as assist them through their career moves.

Whether youโ€™re interested in securing the very best insurance and actuarial talent or youโ€™re a professional looking for insurance and actuarial jobs, the Selby Jenningsโ€™ insurance and actuarial team deliver exceptional talent to industry-leading clients and candidates.

โ€‹If you're a insurance and actuarial professional, please register your resume.

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If you're looking for insurance and actuarial talent, please register your vacancy today.

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Benefits of working with Selby Jenningsโ€™ global insurance and actuarial team

โ€‹We are a specialist talent partner. Among the many benefits of working with Selby Jenningsโ€™ global sales and trading team are:

โ€‹Extensive specialist knowledge in the field with over 20 years of experience in the insurance and actuarial sector.

An unrivaled portfolio of clients, both big and small

Our award-winning talent experts offer specialist guidance in the insurance and actuarial space across three continents

Insurance and actuarial Jobs

Chief Actuary

A Leading Asset Management Firm is looking to hire a Chief Actuary for their Life & Annuity business, who will play a pivotal role in ensuring the financial stability and success of business. What you will be doingโ€ฆ Lead the Life & Annuity actuarial department, overseeing a team of Senior Actuaries as well as Associates & Analysts Lead the process of setting reserves, ensuring compliance with regulatory requirements and best practices and participate in financial planning and budgeting processes, providing actuarial insights to support decision-making at the executive level. Serve as a key liaison with external stakeholders, including regulators, auditors, and reinsurers, on actuarial matters. What you need to be successfulโ€ฆ Fellowship in the Society of Actuaries (FSA) designation required Extensive actuarial experience in the life insurance and annuity industry, minimum of 5 years of leadership experience. Strong communication skills, with the ability to effectively convey technical concepts to non-technical stakeholders. Strategic mindset, with the ability to think critically and provide valuable insights to support business decision-making. What makes this position unique... Being part of an innovative Executive team with a Leading Financial Services Firm and working alongside an and dynamic team of financial industry leaders and well-established actuaries Ability to thrive in a non-traditional Life & Annuity environment and build strong working relationships across the insurance industry. Huge emphasis on work-life balance with competitive compensation packages

Negotiable
Florida
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Actuarial Consultant

Company Overview: My client is a leading consulting firm in the property and casualty industry, where you'll be part of an innovative team dedicated to delivering client-centric solutions and pioneering strategies. Renowned for excellence and shaping the future of risk management, their firm offers an exciting opportunity for a Senior Actuarial Analyst like you. Position Overview: The Senior Actuarial Analyst will play a pivotal role within the dynamic P&C team, utilizing advanced analytical skills and industry expertise to provide actionable insights and strategic guidance to clients. Reporting directly to the Actuarial Manager, the successful candidate will collaborate across departments to develop innovative solutions and optimize risk management strategies. Key Responsibilities: Conduct thorough analysis and modeling utilizing advanced statistical techniques to assess risk, analyze trends, and forecast future outcomes. Daily activity may include pricing/rate-making, reserving, loss ratios, capital economic modeling Engage directly with clients to understand their challenges, objectives, and goals, providing tailored solutions and strategic recommendations. Collaborate with underwriting and product development teams to design competitive pricing structures and develop innovative insurance products. Support the reserving process by analyzing claims data, evaluating loss reserves, and ensuring compliance with regulatory requirements. Utilize actuarial software and tools to develop predictive models, perform scenario analysis, and simulate potential outcomes. Qualifications: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field. Advanced degree preferred. At least 4+ exams toward your ACAS designation required Minimum of 5 years of actuarial experience in the property and casualty insurance industry, preferably within a consulting environment. Proficiency in actuarial software such as R, Python, SAS, or Emblem. Strong analytical mindset with exceptional problem-solving skills and attention to detail.

Negotiable
Los Angeles
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AVP Underwriter - North America Surety

My client is a prominent player in the global reinsurance market, providing innovative risk management solutions to clients worldwide. With a commitment to excellence and a focus on long-term partnerships, the company strives to deliver exceptional value and stability in an ever-evolving insurance landscape. Job Description: The Assistant Vice President (AVP) of Surety Underwriting for North America plays a pivotal role in driving the growth and profitability of the Surety business within the region. Leveraging expertise in underwriting and risk assessment, the AVP leads a team of talented professionals to deliver best-in-class solutions to clients while adhering to company strategic objectives and underwriting standards. Key Responsibilities: Underwriting Leadership: Provides strategic direction and guidance to the surety underwriting team, ensuring alignment with company goals and objectives. Portfolio Management: Oversees the underwriting process for surety risks, including analysis, evaluation, and pricing, to maintain a balanced and profitable portfolio. Relationship Management: Cultivates and maintains strong relationships with brokers, clients, and internal stakeholders to drive business development and ensure client satisfaction. Risk Assessment: Assesses and underwrites complex surety risks, making sound underwriting decisions based on thorough analysis and risk evaluation. Product Development: Collaborates with product development teams to innovate and enhance surety products and solutions to meet evolving client needs and market demands. Team Development: Mentors and develops underwriting team members, providing training, guidance, and support to foster professional growth and ensure operational excellence. Qualifications: Bachelor's degree in Business, Finance, Risk Management, or related field; MBA or other advanced degree preferred. Minimum of 8 years of experience in surety underwriting, with a proven track record of success in leadership roles. Strong technical underwriting skills with expertise in analyzing complex surety risks. Excellent communication, negotiation, and relationship management skills. Strategic thinker with a deep understanding of the North American insurance market and regulatory environment. Ability to lead and inspire a team, driving performance and fostering a culture of collaboration and innovation. Professional designations such as CPCU, AFSB, or equivalent are a plus.

Negotiable
Florida
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Associate Actuary/Valuation

Duties and Responsibilities: Generate monthly reserves under either GAAP or Statutory/Tax bases. Develop data for the preparation, review, and analysis of reserve movements. Maintain and enhance valuation controls, ensuring timely execution. Assist in updating valuation programs for new products, regulations, etc. Experience and Education Requirements: Bachelor's degree in mathematics, actuarial science, or related technical field. Completion of ASA certification. Minimum of two years of related actuarial experience. Strong technical, analytical, organizational, computer, and team skills. Experience with indexed products preferred but not required. Exposure to GGY-AXIS or similar actuarial modeling software preferred. Knowledge, Skills & Abilities: Self-starter with a strong initiative and high energy level. Team player capable of functioning as a key member of a small group. High degree of ownership for assigned areas of responsibility. Proficiency in Microsoft Office applications (Word, Excel, PowerPoint, Access). Ability to learn and utilize actuarial software systems. Effective verbal and written communication skills. Other Requirements: Perform additional functions, duties, and projects as assigned. Maintain regular and punctual attendance. Minimal travel required (less than 10%). Location: This position is #LI-Remote.

Negotiable
United States of America
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Actuarial Analyst

As a key member of our client's P&C Actuarial team, you'll have the opportunity to work closely with several accredited actuaries, contributing your analytic process, problem-solving skills, and leadership abilities to support the company's growth and profit objectives. Responsibilities: Candidates should showcase proficiency in tackling fundamental to moderate pricing/actuarial challenges. They should also possess Intermediate to Advanced skills in the Microsoft Office Suite and demonstrate basic to intermediate programming proficiency. 3 to 5 exams completed; (ACAS) preferred 4 years of pertinent experience in the P&C space, or a blend of relevant experience, education, and training. Experience in personal lines pricing: Auto, Homeowners, and Umbrella preferred If you are interested, please feel free to send me your most up to date resume at and I will be happy to connect to discuss more!

US$90000 - US$120000 per year
Bloomington
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Principal Actuary

Job Title: Principal Actuary - Medicare Company: Global Consulting Firm Location: Various locations, remote About: A leading global management consulting firm that combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organizational transformation. With a commitment to delivering innovative solutions, we empower our clients to navigate complex challenges and drive sustainable growth. Position Overview: Seeking a highly skilled and experienced Principal Actuary to join our Medicare Advantage and Part D Bid Team. In this role, you will lead strategic initiatives and provide expert guidance on actuarial matters related to Medicare Advantage and Part D programs, leveraging your extensive experience and industry knowledge. Key Responsibilities: Strategic Leadership: Lead the development and execution of strategic initiatives for Medicare Advantage and Part D bid submissions, collaborating with cross-functional teams to drive innovation and optimize performance. Bid Pricing and Financial Analysis: Oversee the development of bid pricing models and conduct in-depth financial analyses to assess the financial implications of various pricing strategies and scenarios. Risk Adjustment Optimization: Provide thought leadership in the development and implementation of advanced risk adjustment methodologies, leveraging predictive modeling techniques and data analytics to enhance accuracy and effectiveness. Client Engagement: Serve as a primary point of contact for clients, building strong relationships and delivering value-added solutions that address their unique needs and objectives. Present complex actuarial findings and recommendations to senior stakeholders with clarity and confidence. Regulatory Compliance: Stay informed of regulatory changes and industry trends impacting Medicare Advantage and Part D programs, ensuring compliance with CMS guidelines and other regulatory standards in all actuarial analyses and bid submissions. Team Leadership: Mentor and coach junior team members, providing guidance on technical skills development, project management, and client engagement best practices. Foster a collaborative and inclusive team culture that encourages knowledge sharing and professional growth. Thought Leadership: Contribute to the development of thought leadership content and industry publications, showcasing Oliver Wyman's expertise in healthcare actuarial consulting and driving awareness of emerging trends and opportunities. Qualifications: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field FSA Required 10+ years of actuarial experience in the healthcare industry, with a focus on Medicare Advantage and Part D programs. Proven track record of success in leading strategic initiatives and driving business results in a consulting environment. Expertise in bid pricing, financial analysis, and risk adjustment methodologies, with strong proficiency in actuarial software and programming languages. Excellent communication and interpersonal skills, with the ability to build rapport with clients and influence senior stakeholders. Strategic thinker with a client-centric mindset and a passion for driving innovation and excellence. Demonstrated leadership capabilities, with experience leading and developing high-performing teams.

Negotiable
United States of America
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Senior Manager - Actuary

Job Title: Senior Manager Actuary - Medicare Company: Global Consulting Firm Location: Vaious locations, Remote About Company: A leading global management consulting firm that combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organizational transformation. With a commitment to delivering innovative solutions, we empower our clients to navigate complex challenges and drive sustainable growth. Position Overview: Seeking a dynamic and experienced Senior Manager of Actuarial to join the Medicare Advantage/Part D Bid Team. As a key member of our team, you will play a pivotal role in providing strategic actuarial insights and solutions to clients within the healthcare industry, particularly in the Medicare Advantage and Part D sectors. Key Responsibilities: Bid Strategy Development: Collaborate with cross-functional teams to develop comprehensive bid strategies for Medicare Advantage and Part D programs, leveraging your actuarial expertise to optimize pricing and risk management strategies. Bid Pricing and Financial Analysis: Lead the development and validation of bid pricing models, ensuring accuracy and compliance with regulatory requirements. Conduct financial analyses to assess the impact of various pricing scenarios and inform decision-making. Risk Adjustment Optimization: Develop innovative approaches to optimize risk adjustment methodologies, incorporating advanced statistical techniques and data analytics to enhance predictive modeling and risk scoring accuracy. Client Engagement: Serve as a trusted advisor to clients, providing strategic guidance on actuarial matters related to Medicare Advantage and Part D bid submissions. Present complex actuarial findings and recommendations in a clear and compelling manner to stakeholders at all levels. Regulatory Compliance: Stay abreast of evolving regulatory requirements and industry trends related to Medicare Advantage and Part D programs. Ensure compliance with CMS guidelines and other regulatory standards in all actuarial analyses and bid submissions. Thought Leadership: Contribute to the development of thought leadership content and industry publications, showcasing Oliver Wyman's expertise in healthcare actuarial consulting and positioning the firm as a leader in the field. Team Leadership: Provide mentorship and guidance to junior team members, fostering their professional development and cultivating a culture of excellence within the Medicare Advantage and Part D Bid Team. Qualifications: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field; Credentials Required (FSA preferred) 8+ years of actuarial experience in the healthcare industry, with a focus on Medicare Advantage and Part D programs. Proven track record of success in developing bid strategies, pricing models, and risk adjustment methodologies. Strong proficiency in actuarial software and programming languages (e.g., SAS, R, Python) for data analysis and modeling. Excellent communication and presentation skills, with the ability to distill complex actuarial concepts into clear and actionable insights. Strategic thinker with a client-centric mindset and a passion for driving innovative solutions. Demonstrated leadership capabilities, with experience leading cross-functional teams and mentoring junior staff.

Negotiable
United States of America
Apply

Commercial Lines Field Underwriter

Our client is is a multi-line insurance provider based in Pennsylvania (Pittsburgh, PA and Lancaster, PA) and they are looking to add a Field Underwriter to their Commercial Insurance team. This person will focus on their middle-market business, building business relationships, and territory leadership.

Company car
Pennsylvania
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Senior Analyst, Insurance Risk Modeling

A leading life insurance company is looking to grow their Insurance Risk Modeling team by adding a Sr. Analyst to the group. This employee will be instrumental in developing insurance liability models used in pricing, valuation, hedging and ALM. This role can be hybrid from multiple offices within the US. Please apply if interested in learning more! Responsibilities: Develop insurance liability models Help on board various transactions into the Risk platform Perform liability stresses under different lenses Support new product launches and ensure the risk models are up to date with regular rate changes and new product features Qualifications: 2+ years in a diversified life and/or annuity company 2+ years of experience with actuarial modeling software (ALFA, AXIS, Prophet, etc.) Previous experience in hedging or ALM preferred Strong product knowledge of either life or annuity products

Negotiable
United States of America
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Manager of FP&A and Managed Care

A leading leading healthcare provider in Florida is looking to hire a Manager of FP&A. This organization is committed to delivering exceptional care and service to our patients and communities. Position Overview: Reporting to the Director of FP&A/Managed Care Operations, the Manager will lead all FP&A activities and coordinate with health plan partners and TVH departments. Key Responsibilities: Manage FP&A Staff Coordinate financial and operational metrics for Primary Care and Specialty Care monthly Provide excellent customer service to TVH internal customers Manage monthly forecasting and annual budget process Act as point of contact between TVH and health plans for payor data Manage membership reporting and validation, panel assignments Manage clinician bonus reporting, payments Oversee commissions reporting, payments Oversee FP&A team process documentation Prepare monthly cash flow projections Ensure TVH meets current and future payer requirements Other duties as assigned Requirements: Bachelor's degree in Accounting or Finance; MBA preferred Minimum five years of supervisory experience Experience in the medical group taking a global risk with Medicare Advantage health plan Experience in high-growth organization Skills: Strategic thinker, problem solver Strong written and verbal communication skills Highly organized Proficient in MS Excel, Word, and PowerPoint

US$100000 - US$115000 per year
Florida
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AVP - Actuarial Product Pricing

A leading insurance company is looking for an AVP of Annuity Pricing to join their team to be responsible for the pricing of an industry-leading product portfolio. You will engage with key stakeholders across multiple functions to maintain both profitability and competitive products to find creative solutions. This role can be worked out of Des Moines, Indianapolis or Hartford. Please apply if interested in learning more! Responsibilities: Perform timely and robust product pricing of Annuity products Balance competitive and pricing objectives to achieve overall company objectives Collaborate with Product Implementation team, Product Development team and Inforce Management team Implement best practices in pricing methodologies Qualifications: FSA preferred Annuity pricing experience required MG-ALFA experience preferred 8+ years of actuarial experience

Negotiable
United States of America
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Actuarial Analyst II

My client, a Leading Not-for-Profit Health Plan is looking to add an Actuarial Analyst II to their team! Primary Responsibilities: As an Actuarial Analyst II, you will play a pivotal role in supporting various functions typical of a qualified health actuary. Your duties will include: Calculating Incurred But Not Reported (IBNR) Developing rates and filings for regulatory bodies Offering recommendations for group rating changes Supporting the development, implementation, and maintenance of new products, services, and systems Providing actuarial insights to corporate management Reporting on the financial status of entire products or segments Required Qualifications: To be successful in this role, you must have: Bachelor's Degree Minimum 2 years of experience in Actuarial Analysis Completion of at least three Actuarial exams with progress towards Society of Actuaries credential Experience in at least three of the following areas: IBNR and reserve setting, pricing and filing support for individual, small group, and large group products, Medicare Advantage Bid filing, Managed Medicaid programs evaluation, provider contract evaluations, provider profit/withhold settlement evaluations, product experience monitoring, and reinsurance/stop-loss reporting If Interested, please send across your resume I look forward to connecting!

Negotiable
United States of America
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Insurance News & Insights

Embracing Disabled Talent: Driving Success Through Inclusive Hiring in Europe Image
risk-management

Embracing Disabled Talent: Driving Success Through Inclusive Hiring in Europe

In today's evolving business landscape, recognizing and embracing diversity and inclusion is crucial. Despite progress, the potential of disabled talent remains largely underappreciated in Europe. Recent findings from our Selby Jennings poll shed light on the current state of affairs, with 55% of respondents admitting their hiring strategies lack provisions for candidates with disabilities. However, it is encouraging to note that 72% of workplaces have policies and practices in place to support employees with disabilities.The Missed OpportunityLack of Provisions and Representation: The finding that 55% of organizations do not have provisions for candidates with disabilities in their hiring strategies is a wake-up call. It indicates a significant missed opportunity to engage with a pool of talented individuals. Furthermore, the survey reveals that disabled individuals are particularly underrepresented in the banking and financial sector, with 78% of respondents recognizing the need for better representation. This highlights the need for a paradigm shift in how organizations approach hiring and inclusion.Policies, Practices, and Managerial Support: On a positive note, 72% of workplaces have implemented policies and practices to support employees with disabilities. This demonstrates an increasing commitment to inclusivity. Additionally, 73% of respondents believe their managers are equipped to manage employees with disabilities, indicating progress in fostering an inclusive work environment. However, it is important to ensure ongoing training and support for managers to effectively accommodate and empower their disabled team members.The Benefits of Complete InclusivityEmbracing complete inclusivity offers numerous advantages for businesses. First and foremost, it fosters a culture of equality, respect, and diversity. By hiring disabled talent, organizations can ensure they have a vast pool of skills, perspectives, and problem-solving abilities. This diversity drives innovation, creativity, and productivity, leading to better outcomes and a competitive edge. Moreover, a truly inclusive workplace enhances employee morale, engagement, and retention, as team members feel valued and supported.Embracing Disabled Talent - The Path to SuccessEmploying disabled banking and finance professionals can be a game-changer. Their unique insights, adaptability, and resilience brings fresh perspectives to financial institutions. By leveraging their talents, organizations can drive innovation, enhance customer service, and make informed decisions that cater to a broader demographic. Embracing this is a strategic move that positions businesses for long-term success.Taking Action - The Call for Inclusive HiringHiring disabled talent in Europe is not only essential for business success, but also for creating a more inclusive society. Embracing complete inclusivity brings diverse perspectives, encourages innovation, and engages the workforce. With the potential to access over 2 million candidates worldwide, Selby Jennings provides a unique opportunity to engage with talent from various backgrounds, including disabled professionals. By partnering with Selby Jennings, organizations in Europe can expand their reach, access a diverse pool of skilled candidates, and further enhance their inclusivity efforts. Request a call back today and together, we can build a prosperous future that celebrates the contributions of all individuals.

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insurance-and-actuarial

2023 Bonus Season Breakdown

Discover the latest analysis of bonuses and rewards in the Financial Sciences & Services industry, and how it impacts the talent market.Understanding bonus structure has become not only a critical aspect to businesses in attracting and retaining top talent, but also for professionals in knowing their true value.Analysing the rewards arrangement across the Finance and Banking industry, we surveyed over 2,000 professionals based in Europe to discover:What value their bonuses are Whether they are satisfied with their bonusKey drivers behind their bonus pay-outsPerformance metrics used to determine bonusesย Offering valuable insights to both professionals looking to benchmark themselves, and for businesses reflecting on their compensation strategies, both parties can take away a number of key considerations from this exclusive report. โ€‹Download your copy of the 'Bonus Season Breakdown' report by completing the form below:โ€‹

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How to Make the Perfect Job Offer Image
private-wealth-management

How to Make the Perfect Job Offer

โ€‹Finding the perfect candidate for your latest role can be a long and arduous road. Once you have found the employee with the skills you need and an attitude which will fit perfectly within your team, it is time to make your job offer. In a perfect world, you will get an enthusiastic acceptance. However, if you are hiring in a busy sector, or trying it, is likely you may have to negotiate salary and other benefits before you can seal the deal.Competition for talent is fierce. The pressure is on for hiring managers to secure the right candidate by offering an attractive compensation package before they accept an offer from a competitor. The aim of a salary negotiation is not to find a compromise where both parties are dissatisfied but find a balance where you both come out feeling valued, and enthusiastic about moving forward. Negotiating salary can be a tricky business that requires a high level of strategy.โ€‹Set your limits before you advertise the jobSalary negotiations can be complicated - planning will give you an obvious advantage. Before you even start interviewing your candidates, you need to choose the right salary to advertise, including the upper limit to where you are willing to negotiate for an exceptional candidate.Your lowest salary offer should still be in line with industry standards, with your upper limit reserved for excellent candidates who will offer extra value to the role. Donโ€™t include your upper salary limit in any of your job advertising or recruitment efforts. There are several elements to consider when deciding on monetary compensation, including:The seniority of the position on offerโ€“ how many people will they be managing? Will they be heading up important projects?The current labor marketโ€“ will this be a difficult or easy position to fill?The current performance of your companyโ€“ how much can you afford to pay a new candidate?The skills required for the job โ€“ are they rare? Do you need a specific combination of hard and soft skills?The salaries of others in the companyโ€“ is the upper limit offered still within the bracket you have set for others at this level?Your locationโ€“ are you based in an expensive city or area where more compensation is needed to make up for elevated living costs?The best way to avoid negotiation is to ensure your initial offer is attractive and fair compared to benchmarks within your industry. Use online tools such as PayScale and Glassdoor to look at salary benchmarks for similar roles within your sector. Remember that it is likely your candidate will also be using these tools to make their own comparisons.It is also vital to keep within existing pay levels within your company. Going above these may help you secure a candidate but can lead to issues further down the line where other team members may feel undervalued and demoralized.Find out your candidateโ€™s current salaryThe candidate you are interviewing is under no obligation to tell you their current salary, but there is no harm in asking politely. This information is important when it comes to negotiating a salary. If their current salary is higher than your upper negotiating position, then it is time to question if they are the right candidate for you. This is best done early in the interviewing process. You can ask a candidate their desired salary in the interview to prepare for later negotiations and speed up the process. This allows you to root out candidates who are holding unrealistic salary expectations.Make a fair initial offerIf you want to avoid a lengthy negotiation period, make sure your initial salary offer is a fair one. Though it is not an official rule, it is a given that most professionals will be expecting at least a 20% pay rise when seeking a new position, particularly with the cost of living increasing. However attractive the position is and however great the benefits your company provides are, salary is still the main motivating factor for taking a role - you need to offer a fair package to a skilled candidate which remains within your company guidelines. Your offer needs to be a fair reflection of the candidateโ€™s experience and skills.Lowballing your candidate in anticipation of a counteroffer will only lead to your candidate regarding your company with suspicion, and you may gain a reputation as a timewaster. Salary negotiations should not be treated the same way as trying to sell a used car. Consider the long-term impact of the hire during your negotiations. Making a fair offer will help bring more value to your company in the long run through the work of an employee who knows that they are respected and valued.Conversely, offering a very high number to your candidate can come across as desperate and make your candidate second guess their decision to take up the offer. Your candidate will be aware of the value of their current skill-set, and a high overvaluation can lead to further suspicion and hesitation from the employee. Finally, ensure your initial offer is lower than your upper range, which should have been decided before the job was advertised, to leave room for negotiation.Highlight benefits beyond salaryIf you are aware of competitors in your market who can provide bigger salary packages than you, consider the benefits of working for your company beyond the wage. Depending on your candidate, some of these benefits can be very attractive in helping improve the employeeโ€™s quality of life. If you are unable to completely match a salary request during a negotiation, there are other benefits you can offer that may entice a new employee to join. These could include:Additional or unlimited annual leaveโ€“ a generous holiday offer, including the recent trend amongst start-ups to provide unlimited leave, shows a level of trust and value.Flexible workingโ€“ Allowing employees to work from home one day a week or schedule their work around their lives using a flexi-time structure is particularly attractive to those with children.Professional developmentโ€“ If there are opportunities for the candidate to take on additional training, learn new skills or start a new progressive career track, there is more long-term value in taking the role offered.A positive company cultureโ€“ If the candidate is coming from a toxic or high-pressured atmosphere where they experienced burn-out, it may be an important and attractive prospect to work in an office with a supportive and positive atmosphere. Statistics such as staff retention rates and testimonials from other employees can help support the representation of your culture.Perks- such as free gym membership, funding for travel into work, subsidized lunches, attractive office facilities, and social opportunities.These can all be compelling reasons for your ideal candidate to choose your role, even if the salary isnโ€™t what they expected. These benefits can help employees save money, cut down on stress, and enjoy their role. This provides compensation which focuses on quality of life - which can be very appealing during negotiations.Offer alternative monetary benefitsIf you are facing troubles in salary negotiations and it looks like you may lose the candidate who will bring the most value to your company, it is worth considering offering additional monetary benefits. These can include:Performance-related bonusesโ€“ agree to pay a bonus if certain targets and milestones are hit.Commissionโ€“ some roles can benefit from a commission rewards system, where the employee is compensated for business and leads generated for your company.A signing bonusโ€“ a one-off signing bonus rather than a higher salary bracket is often a great way of satisfying both parties. It shows enthusiasm for wanting to onboard the candidate quickly while saving your company on payroll in the long term.A later salary negotiationโ€“ if you are unsure about offering a higher salary bracket now, you can promise another negotiation over salary after a probation period, on completion of a training course or if a performance target is hit. It is vital that you do follow up on this promise, as you do not want to lose the trust of your new staff member.Shares or profit-sharingโ€“ get your candidate invested in the success of your company by offering shares as part of the job offer.The importance of feedbackProvide succinct feedbackYour feedback is the most important part of your communication with a rejected applicant. Good interview feedback needs to be succinct, considerate and honest. It is often the case that there was nothing particularly wrong with the candidate, but there just happened to be another candidate with more relevant experience or stronger skills. Stating this to a candidate should not offend their feelingsโ€”itโ€™s the reality of job hunting in a busy and high-quality labour market. You donโ€™t want to provide a lengthy critique which kicks your applicant when theyโ€™re down, but providing constructive and specific feedback will also be useful for your candidate.Request and value feedbackAnother way to show respect to a candidate and gain a brand advocate is to ask for feedback on your interviewing and hiring process. You have given your honest and succinct feedback, respect that hiring is a two-way street and request some feedback on their experience. You can do this either in your phone and email correspondence, or set up a feedback survey to collect data from several rejected candidates. Requesting feedback shows you value and trust the opinions and viewpoints of the candidate, alongside providing you as a hiring manager with useful insights on how you can further optimize and structure your recruitment and candidate search process.Be honest about future opportunitiesIn some cases, you may be rejecting a candidate you have a genuine interest in hiring in the future. Maybe they werenโ€™t quite the right fit for the current role, but they may slot into your future growth plans. If this is the case, tell them. However, do not finish a job rejection on a false promise if you know you have no interest in hiring the candidate now or in the future. Only invite a candidate to apply for future roles if you think they would be a good cultural fit in your company in the future. Inform them if their details will be kept on file within your company for future positions.Gaining a brand advocate in a rejected candidateEnding a job rejection on a positive note is no mean feat, but it is the first step in nurturing and maintaining a good relationship with the candidate and gaining a brand advocate. You want to keep qualified candidates of exceptional quality active within your talent pool, and maintaining positive communication with a rejected candidate may save you on hiring times and costs at a future date. Stay in touch with rejected candidates, either via email or professional social media such as LinkedIn. Follow up on their progress, and congratulate them when you spot they have landed a new job.You can keep up communication through inviting rejected candidates to events or seminars hosted by your company, a networking opportunity for both you and your candidate. You can also ask to add the candidate to your email newsletter database, or suggest they follow your company on social media so they can stay informed on hiring and growth. Treat candidates as you would like to be treated. Keeping up positive, timely, succinct and direct communication will gain you a brand advocate and a new addition to your passive talent pool.These guidelines can help to negotiate and extend the perfect job offer that's impossible to refuse. Once the offer is made, this isn't the end of the process -the ball still remains in the candidate's court. As a talent specialist with a well-garnered candidate portfolio, we are a one-stop solution for all your talent needs. Contact us today and we can help in the job offer process.โ€‹View and download your free printable version belowโ€‹

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How to Get the Most Out of a Long and Challenging Interview Process Image
sales-and-trading

How to Get the Most Out of a Long and Challenging Interview Process

โ€‹Interviewing at a banking or financial services firm, particularly for senior-executive level positions, will often entail a rigorous process that includes a lot of prep, energy, and tough technical questions to assess if you have the necessary skills and knowledge to tackle the role. In certain instances, you may even be invited to attend an all-day interview, which entails multiple rounds of exchanges with stakeholders and HR managers to determine how your skillset and character might fit into the company. This type of interview is of course intended to challenge you in a variety of ways, but while it can be tough, it is a valuable experience and an opportunity to get to know the company and the people who make it.If you are called to one of these marathon interviews, itโ€™s important to set yourself up for success in advance, which doesnโ€™t just mean pouring over interview questions and company information. Taking care of yourself both mentally and physically in the run up to such an exciting but demanding opportunity is equally as important as preparing your answers in that fatigue and stress can quickly derail your efforts.โ€ฏThis article will guide you to set yourself up for a positive outcome when approaching a long and challenging interview process, whether itโ€™s a job offer or a valuable experience to carry with you for next time.โ€ฏThe full pictureBeing called for an interview is a great feeling. It affirms that your CV has hit the mark and that the hiring manager wants to find out more about what you have to offer. The interview itself can challenge you in ways you might not have expected, and in some cases can be a long and demanding process both mentally and physically, but itโ€™s important to remember that if youโ€™re not being challenged, the role might not offer you the right level of growth and development that will keep you fulfilled. Essentially, itโ€™s not supposed to be a breeze.In particular, the idea of an all-day interview can be extremely intimidating, and a certain level of nerves can be a good thing. Single interviews are challenging in their own way, but are typically over in about an hour, while an all-day interview is an entirely different ball game involving meetings with several senior stakeholders within a company to gain different perspectives on your suitability.ย Depending on the role you are applying for, all-day interviews can come in a range of formats. For example, they may involve a mixture of exercises relevant to your role, plus general tests to check your culture fit, such as personality and IQ tests. This means that you are being tested on things that you can prepare for and traits that are innate to you. Therefore, while reading up on information that can support your professional assessment is one way to prepare, youโ€™ll also need to start the day well rested and calm in order to present the best version of the full picture.โ€ฏBe preparedโ€ฏThese interview processes are designed to push you out of your comfort zone and so preparation will be your greatest ally to help you keep your cool and put your best foot forward. Your potential new employers are attempting to gain a full picture of what you are about, from your skills and experience to your attitude and cultural fit and so however talented, experienced, and confident you are in your fit for the role, there will be elements of the process that will challenge you, demanding thorough preparation. Here are some tips to help you to prepare before you walk through the door.โ€ฏRequest a scheduleThis is vital in terms of mentally preparing for an all-day interview. Knowing how the day will be laid out will help you get into the headspace of what is expected from you, helping to keep you calm and avoiding anything that might throw you off. You may have four very long interviews, or twelve very short interviews. Whatever the format, you need to make sure you are mentally prepared for what you are facing, and pace yourself around those all important breaks. Request this a few days before your interview to give the employer time to check everyoneโ€™s schedules.โ€ฏFind out the names and job titles of each of your interviewersLook up their LinkedIn pages and find out their experience and expertise, and what relationship they may have with you if you win the position. If they are thought leaders, read their articles and blogs to find out their views on your industry. Researching your interviewers means you can find out how you can relate to them both personally and professionally, which will make them easier to engage with on the day.โ€ฏPrepare questions for your employerโ€ฏA day-long interview is an opportunity for you to get an impression of the institution you are hoping to work for from several angles. Think of all the information you want to gain from the different interviews and ensure you have prepared questions to ask each of them. This also takes the pressure off yourself during each interview and allows for breathing space. And in addition, your interviewers will appreciate the variation in conversation.โ€ฏGather your examples and storiesโ€ฏPrepare some notes on your most notable career achievements. Numbers work best, particularly if youโ€™re short on time, so if your department contributed to a 20% increase in revenue, keep that number in mind. Think of your best and most impactful anecdotes, too - an example of a successful negotiation, a challenge where you were the lead problem solver, a project you managed from conception to launch. And donโ€™t forget to let your personality shine through when telling your story as a good company will be looking for a good mix of skills and character.Stay refreshedโ€ฏThe demanding nature of the all-day interview means you need to plan ahead and make sure you are equipped with the right items to keep you feeling fresh and help you stay mentally focused until the end. In most cases you will be offered plenty of chances to hydrate throughout the day, bringing a flask of water or coffee is a good idea and will help you to stay alert. Much like a real marathon, these days require stamina, so plan your fuel to keep your brain sharp and keep your energy up between interviews. Choose healthy yet filling snacks like granola bars or fruit, and avoid a sugar rush as the slump will be sure to follow. Also, be careful with caffeine. If you rely on it, regulate your coffee throughout the day to avoid any crashes in the afternoon.Having a mid-day freshen up can work wonders for your energy and focus. Packing sanitary items such as hand/face wipes, deodorant/perfume, and mouthwash may give you the reset you need, particularly after food and coffee, and will help to send you into the second half of the day feeling more awake. In addition, packing a comb or hairbrush will help you to remain presentable, which will make you feel better, too.It may be tempting to sit and scroll on your phone in between interviews, but getting fresh air and going for a walk if you can will help keep you mentally clear. Gentle physical exercise keeps your blood flowing, prevents tiredness and is the best way to keep fatigue at bay. Try to take a proper break without speculation and analysis of how the day is going. Your brain canโ€™t work at full speed all day - try to slow it down and give it a rest before it goes back into full speed at the next interview. Meditation is known as a hugely beneficial practice in instances like these.Approach each interview consistentlyโ€ฏIt is natural that you will exhibit both strengths and weaknesses throughout the day, and it can be difficult to approach the final interviews with the same energy as the first, but it is vital you remain consistent. Keep in mind that even though this is a marathon for you, your meeting with each interviewer is a stand-alone hour or two for them, so try to keep up with pace. Remember to shake the hand of each interviewer, introduce yourself, and be prepared to repeat yourself a few times throughout the day, however tiring it may seem. End each interview on a positive note about how you are excited to interview for the position, reiterate why you believe you are the ideal date, and that you look forward to hearing from them.โ€ฏHowever, keep in mind that your interviewers will be comparing notes, so avoid telling the same story and highlighting the same achievements during each interview, or you may risk giving the impression that your experience is more limited than it is. During your research process, think of the best information you have which will be relevant for each position. For example, the head of marketing may be engaged with examples where you have shown creativity or solved problems, whereas a sales director will be more interested in figures and percentages. A HR figure will be more interested to hear about your management skills, or a story about dealing with a toxic employee. Again, preparation is key.Stay on your A gameโ€ฏEveryone is in the same boat over the course of an all-day interview. Talking for hours in a high-stakes situation can be mentally exhausting, and a mix of anxiety and disinterest can creep in, which is only natural regardless of how passionately you want the job offer. After the initial rush of your first interview you may be facing fatigue, while your intention was to remain positive, confident, and enthusiastic throughout the day.โ€ฏA good way to avoid showing signs of fatigue during later interviews is to be mindful of your body language. Keep in mind that you should be enthusiastic with your gestures; lean forward towards your interviewer and show your passion for what you do through how you move as well as what you say. If youโ€™re tired towards the end of the day, try to avoid speaking flatly and donโ€™t forget to remain sitting up straight, as this will make you both appear and feel alert and passionate about the topic.โ€ฏThe majority of all-day interviews will include a break for lunch mid-way through. Not only is this a chance to get a preview of the company canteen and how people interact during their break, itโ€™s also the perfect opportunity to socialize with your possible new co-workers in an informal setting. Though you may need to refresh, you may also view your lunch break as another kind of interview relating to your cultural and personality fit. Your interviewers will be taking note of your social manner, and whether you are easy to communicate with. It is also an opportunity for you to ask questions and discover more about the company in a more casual setting.

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