Head of Reserving

4 weeks ago

London, United Kingdom Brit Full time
Vacancy Name
Head of Reserving

Employment Type
Permanent

Location
London

Role Details
Who are we?

Ki is the biggest global insurance tech company you`ve never heard of, unless you`ve been looking to insure a satellite, wind farm or music festival recently.

Having written over $877m in gross written premium in 2023, we`ve achieved significant growth since our beginnings in 2021. Our investors were excited about the fact we were revolutionising the way a 333 year-old industry was working. There are hardly any industries left that are mainly paper based, but the specialty insurance market is one. Together with partners at Google and UCL we developed Ki and created a platform that helps insurance brokers place risk in a fast and frictionless way. We`re continuing to lead the charge on the digitisation of this market and we need more excellent minds to work with us to realise this goal and create more opportunities.

Purpose of the Role

This is a fundamental role in the Actuarial team, leading on delivery for all aspects of quarterly reserving inclusive of the core reserving process, as well as related regulatory and statutory Actuarial processes including IRFS17 and Solvency II Technical Provisions. You will hold overall responsibility for creating and maintaining the appropriate governance, documentation and controls including setting and managing the reserving policy in line with all internal, regulatory and statutory requirements.

Reporting directly to the Actuarial Director, you will hold responsibility for leading and developing the wider Actuarial team and shaping the direction of this function more widely across the business. You will work collaboratively with a range of Ki stakeholders within claims, risk, outwards reinsurance, portfolio management and algorithm teams, researching new and innovative ways to use forward-looking indicators to predict and enhance Ki`s reserving capabilities.

We are seeking a qualified actuary, with prior experience in managing a team of qualified actuaries and with previous success in leading a reserving function within a Lloyds market insurer. More significantly, you will be excited by the prospect of owning, designing and implementing our reserving process here and Ki, growing and developing a high performing team. If this sounds like you, we`d love to hear from you

Our culture

Inclusion & Diversity is at the heart of our business at Ki. We recognise that diversity in age, race, gender, ethnicity, sexual orientation, physical ability, thought and social background bring richness to our working environment. No matter who you are, where you`re from, how you think, or who you love, we believe you should be you.

You`ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.
If this sounds like a role and a culture that appeals to you, let us know.

The importance of disclosure on VERCIDA - Brit

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