Senior Reserving Actuary UK

1 month ago

London, Greater London, United Kingdom Wakam Full time
Who are we?

Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug technology platform for more than 150 distribution partners. We provide most of our insurance products through API, and hosts white label insurance solutions via our Play&Plug technology platform.

With a footprint spanning 32 countries and revenue of more than €900 million in 2023, mostly generated outside France, Wakam is the European leader in digital and embedded insurance.

Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to "enabling transparent and impactful insurance".

MISSION

Join our team at Wakam as a Senior Reserving Actuary, where you'll play a critical role in supporting our UK subsidiary with regulatory reporting requirements and building new business. This is a pivotal role for the sub, with significant impact on our business strategy.

KEY RESPONSIBILITIES
  • Determine the level of profitability at the partner level, providing insights to support business decisions.
  • Support the underwriting team in improving terms and conditions for Wakam.
  • Provide timely input to the finance function to produce periodic management accounts.
  • Deliver the technical provisions for Solvency Capital Calculation.
  • Work closely with the Claims and Reinsurance teams to support profitability and achieve desired results.
  • Collaborate with other departments to ensure the accuracy and adequacy of reserves.
Additional Responsibilities:
  • Develop and maintain reserving models and methodologies, identifying areas for improvement.
  • Stay updated on regulatory developments and industry best practices related to reserving.
REQUIREMENTS

Qualifications & Skills:
  • Qualified Actuary with a UK qualification (FIA, FFA, or equivalent) and and several years of post-qualification experience.
  • Experience in reserving for non-life (P&C or retail) insurance, including home, motor, pets, and personal lines.
  • Proficiency in MS Office Tools and experience with actuarial reserving software.
  • Open to diverse/cross-disciplinary experiences, including reserving.
Soft Skills/Cultural Fit:
  • Excellent verbal and written communication skills, with the ability to explain complex concepts to non-technical stakeholders.
  • Diplomatic and agile, comfortable with constant change and ambiguity.
  • Innovative thinker, with the ability to think on their feet and develop creative solutions to complex problems.
  • Flexible and adaptable, with a proactive approach to learning and development.
JOB OPPORTUNITIES:
  • Blank canvass and setting up new processes for reserving and financial reporting.
  • Dealing with limited data and making important decisions, requiring creativity and innovation.
  • Need to converge on results, including loss ratio estimation and claims analysis, with a collaborative approach to improve the bottom line result of the business.
WHY JOIN WAKAM:
  • Dynamic and innovative company culture.
  • Opportunity to work on challenging projects from the ground up and make a significant impact on the business.
  • Supportive and collaborative team environment with opportunities for growth and development.
  • Opportunity to work with highly experienced team of seasoned industry professionals
Interview process:
  1. Screening video interview with Talent recruiter
  2. Manager video interview with UK Chief Actuary & VP Capital & Reinsurance
  3. Cross video interview with UK Chief Risk Officer & Head of Compliance
  4. Face-to-face HR & fit interviews with UK HR Manager & UK Chief Actuary
Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth

You have the Wakam mindset? Join us

More about us

Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you

Discover on our website who we really are with the 11 cultural markers that so well describe us

What we are looking for ?

Mindset compatibility with our 'Free to Impact' culture:
  1. Think big
  2. Biased for action
  3. Curious and eager to learn
  4. Can say no and find solutions
  5. Aims for the moon (but please don't stick on the moon)
  6. And above all: have fun working together
Good to know
  • Wakam is not based on a hierarchy but on a methodology where everyone finds their role and knows their objectives.
  • With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company.
  • Every last Friday of the month, it's @Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities (because we are curious, I remind you).
  • Full-remote is a reality at Wakam (there is even one Wakamee who works from his sailing boat ) with our Wakam From Anywhere (WFA) program.
  • Last but not least : we are nice and we have fun (you'll find out by yourself )
At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.

  • Reserving Actuary

    5 hours ago

    London, Greater London, United Kingdom The Actuary Full time

    Sellick Partnership are currently partnered with one of the London Market's most prestigious Insurers as they recruit a new Reserving Actuary . This is a highly visible role which will see the Reserving Actuary working across all specialty lines of business (Energy, Marine etc) and interacting extensively with a range of teams including Underwriting,...

  • Senior Manager Actuarial Reserving

    8 hours ago

    London, Greater London, United Kingdom The Actuary Full time

    GI Actuary - Retail Reserving OpportunityAre you a skilled GI actuary looking to excel in the retail reserving sector within a leading global consultancy?This role presents a significant career prospect where you will have a vital role in expanding our client's retail reserving division. You will be supported by a well-established annuity reserving portfolio...

  • Senior Reserving Manager

    4 hours ago

    London, Greater London, United Kingdom The Actuary Full time

    Are you a qualified actuary with significant reserving experience in general insurance, seeking to take the next step on your career ladder within a major insurer? Then this is a fantastic opportunity to join our client's Risk & Compliance team as the technical subject matter expert for reserving, leading the delivery of the Actuarial Function's independent...

  • Senior Actuarial Reserving Analyst

    6 hours ago

    London, Greater London, United Kingdom HFG Full time £50,000 - £70,000

    Senior Actuarial Reserving Analyst HFG London, United Kingdom Posted 1 day ago Hybrid Job Permanent GBP GBP70000 per annum We have partnered with a leading Lloyd's syndicate to find them an end to end Senior Reserving Analyst. This is the ideal role for a reserving analyst looking to step up to a more senior position. This role is not limited to but...

  • Lead Syndicate Reserving Actuary

    1 hour ago

    London, Greater London, United Kingdom The Actuary Full time

    Lead Syndicate Reserving Actuary - Up to £135,000 with a 25% target bonus. You will work closely with the Head of Syndicate Reserving and support the group function as well. Requirements: FIA Qualification Over 5 years of London market reserving experience Interested? Please apply or contact me directly for a confidential discussion at In our company...

  • Reserving Actuary

    12 hours ago

    London, Greater London, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a specialty insurer to find them a reserving actuary to join their team and be a fundamental part in supporting their reserving function.This role includes but is not limited to:nSupport of and liaising with pricing/underwriting/claims teams on a regular basis.nPreparation of reserving information to inform management and support...

  • Actuary

    45 minutes ago

    London, Greater London, United Kingdom The Actuary Full time

    GI Actuary - Reserving & Capital Modelling Employer Star Actuarial Futures Location London / hybrid 1-2 days p/w in the office Salary £ dependent upon experience Closing date 29 May 2024 Reference Star8728 Our client, a major insurer, has an exciting opportunity for a qualified (or part-qualified) GI actuary to support reserving, capital modelling,...

  • Reserving Analyst

    5 hours ago

    London, Greater London, United Kingdom The Actuary Full time

    We have partnered with a leading Lloyd's syndicate to find them an end to end Senior Reserving Analyst. This is the ideal role for a reserving analyst looking to step up to a more senior position. This role is not limited to but includes : The opportunity to take sole responsibility for a class of business Exposure to all levels of seniority including the...

  • Head of Reserving

    5 hours ago

    London, Greater London, United Kingdom The Actuary Full time

    A London Syndicate is looking for a Head of Reserving to join them. The role will have 2direct reportswith further support fromtheir direct reports. This position will cover all lines of business that the business writes and will have significantexposure to the Chief Actuary, other actuarial teams, underwriting, and catastrophe modelling teams. The ideal...

  • Reserving Actuary

    2 months ago

    London, Greater London, United Kingdom SiriusPoint Ltd. Full time

    Reserving Actuary Location: London or Stockholm Reporting to: Chief Actuary London or Chief Actuary Stockholm Direct Reports: None Working Arrangements: Full time Who We Are SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers...

  • Reserving Actuary

    13 hours ago

    London, Greater London, United Kingdom Ki Insurance Full time

    Great vacancy Reserving Actuary hiring now Great vacancy Reserving Actuary hiring now Current Vacancies Register Your Interest Please ensure you read our applicant privacy notice . Benefits and opportunities when working at KI within the Brit Group Applicant Portal Job Details: Reserving Actuary Full details of the job. Vacancy Name Reserving...

  • Senior Actuarial Reserving Analyst

    3 hours ago

    London, Greater London, United Kingdom HFG Insurance Recruitment Full time

    Job DescriptionWe have partnered with a leading Lloyd's syndicate to find them an end to end Senior Reserving Analyst. This is the ideal role for a reserving analyst looking to step up to a more senior position. This role is not limited to but includes : The opportunity to take sole responsibility for a class of businessExposure to all levels of seniority...

  • Reserving Actuary

    1 hour ago

    London, Greater London, United Kingdom Finitas Full time

    Reserving Actuary | London Market Insurer | Flexible salary (DOE) Finitas are delighted to be partnered with a leading London Market Insurer in their search for a Reserving Actuary to support the Market-leading Actuarial Function. You will be responsible for the assessment of Technical Provisions under Solvency II, preparation of reports for Quarterly...

  • Reserving Actuary

    11 hours ago

    London, Greater London, United Kingdom The Actuary Full time

    Happy Tuesday 3 new ???????????????????????????????????? opportunities to start the week with London Market clients. Salaries are an indication of the top of budget. Senior Reserving Group Analyst (£90,000), looking for nearly/newly. Reserving Lead (£120,000), open to nearly/newly or 1-3 years post qualification. Would consider stop studiers, qualified by...

  • Reserving Actuary

    10 hours ago

    London, Greater London, United Kingdom Westfield Insurance Full time

    The Reserving Actuary is responsible for providing support to the International Reserving function and technical provision reporting to provide support on ad-hoc projects to senior members of the International & Group actuarial function.Key Accountabilities Assessment of gross and net reserves by class of business and take responsibility for reserving...

  • Actuarial Reserving Analyst

    4 hours ago

    London, Greater London, United Kingdom HFG Insurance Recruitment Full time

    Job Description We have partnered with a leading insurer to find them a Reserving Analyst. This role is ideal for an actuarial analyst with reserving experience looking to gain exposure to a dynamic environment and see how their work can impact overall profitability of the business. This role is not limited to but includes: A well-established actuarial...

  • Senior Reserving Analyst

    6 hours ago

    London, Greater London, United Kingdom High Finance (UK) Limited TA HFG Full time

    We have partnered with a leading Lloyd's syndicate to find them a Senior Reserving Analyst to join their rapidly growing reserving team.This role includes but is not limited to the following duties: Oversee and collaborate on groupwide reserving projects. Work with the Chief Actuary, Head of Reserving and other senior management. Model building, reinsurance,...

  • Reserving Actuary

    12 hours ago

    London, Greater London, United Kingdom The Emerald Group Ltd, Search and Selection Full time

    Job DescriptionThe Reserving Actuary is responsible for providing support to the International Reserving function and technical provision reporting to provide support on ad-hoc projects to senior members of the International & Group actuarial function.In order to make an application, simply read through the following job description and make sure to attach...

  • Reserving & Capital Actuary

    5 hours ago

    London, Greater London, United Kingdom Saga Group Full time

    Our new Reserving & Capital Actuary within AICL (our in-house underwriter), will be responsible for assessing and reporting on the valuation of insurance liabilities under IFRS and Solvency II bases. The role also covers effectively managing the workload and development of analysts within the team. We are at a pivotal point in our business turnaround plan...

  • Reserving & Capital Actuary

    2 weeks ago

    London, Greater London, United Kingdom Saga Group Full time

    Job Introduction Reserving & Capital ActuarySalary £85,000 to £95,000 DOEPermanent FT - 35 hours per weekHybrid - Home and London HubOur new Reserving & Capital Actuary within AICL (our in-house underwriter), will be responsible for assessing and reporting on the valuation of insurance liabilities under IFRS and Solvency II bases. The role also covers...