Reserving Actuary

Time Type: Full time

Worker Type: Employee

Position: Reserving Actuary

Location: London or Leeds

Type: Permanent (Hybrid)

At QBE, our purpose is to enable a more resilient future.

We are an international insurer and reinsurer with a local presence in 27 countries.

The opportunity

We are looking for a Reserving Actuary to join our Actuarial Reserving team responsible for products across the UK & Europe on a full-time, permanent basis.

Your new role

Reporting to our Senior Reserving Manager, you will provide actuarial advice to the relevant business units, developing relationships with key stakeholders and ensuring technical quality of work undertaken.

You will deliver quarterly reserving advice, input into business planning, reserve variability, and business partnering to undertake deep dives into relevant segments of the portfolio, supporting the Actuarial Manager as required.

Other responsibilities:

• Perform the forecasting of technical provisions, reserve margins, and reserve uncertainties to support business analysis/MI for reports and accounts, business planning, profitability studies, and commutations.
• Support senior team members in working through complexity and explaining key assumptions to stakeholders.
• Develop and coach student actuaries.
• Supervise a small team, allocating responsibilities and managing priorities, providing performance feedback to the team and professional guidance to junior team members.
• Identify areas for continuous improvement, drive toward efficiencies in process, and challenge the status quo.
• Manage and monitor Actuarial processes to ensure their continued delivery and improvement.
• Ensure appropriate checks are performed within processes to minimize inaccuracies.
• Use and assist with the development of appropriate systems and procedures to ensure accurate data is used and analyses produced.
• Plan and execute existing projects with multiple components with minimal direction.
• Manage own workflow and work largely independently, escalating for support when needed.
• Build relationships with internal and external stakeholders to improve customer focus.
• Understand developments in the wider Actuarial community to stay abreast of current developments.
• Keep the bigger picture in mind, with the ability to think through longer-term implications and contribute to team strategic planning.
• Understand the impact of the regulatory environment on technical work.

About you

You will have experience working within the actuarial function in a multinational financial services business, ideally within GI. You will understand industry best practices in actuarial analysis, modeling, underwriting, and risk and compliance issues.

Skills you will need:

• Experience in discussions with wider business and stakeholder management skills.
• Experience in the use and interpretation of numerical data.
• Experience in Excel and other analytical tools, with the ability to develop sophisticated models to address business needs.
• Ability to question established processes and suggest improvements.
• Experience working in an agile manner, responsive to stakeholder requirements.
• Influencing and collaboration skills.
• Organizational skills.

Why QBE? At My Best

At QBE, we want our people to feel rewarded and inspired to perform at their best. We have created “At My Best” to support our people with a blend of wellbeing initiatives and benefits that offer flexibility to suit what matters most to you.

QBE Benefits:

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working opportunities, including part-time, job share, and compressed hours.
• Pension: Automatically enrolled into the QBE pension plan with employer contributions of 10% of your basic salary.
• Private medical insurance: Fully comprehensive private medical cover for you and your family.
• Family friendly policies: 26 weeks leave at full pay regardless of gender identity or how you become a parent.
• Short term remote work abroad: Request up to 20 days per year to work remotely from certain locations abroad.
• Sustainable investing: Our pension strategy supports our net-zero goal by investing more in green businesses.
• Cycle-to-Work: Benefit from regular exercise while making your commute greener and cheaper.

QBE Awards

Some of the awards QBE is proud to have won include:

• AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
• Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
• UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year
• Working Dads Employer Awards 2023 Winner: Parental Policies Award
• Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employer

Inclusion and Diversity

We are striving to create a workplace culture where all our people feel included. We are committed to building a diverse workforce that reflects the communities we operate in.

Accessibility

We promote an accessible workplace for all, supporting candidates to perform at their best during the recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware.

What next? If you have a passion to contribute to QBE’s vision of enabling a more resilient future for our customers and the community, we encourage you to apply! Simply click the “apply” button to submit your CV and other relevant documents.

We believe this is our moment – what if it was yours too?

APPLY NOW and let’s make it happen!

Equal Employment Opportunity: QBE is an equal opportunity employer and complies with equal employment opportunity legislation in each jurisdiction it operates.