Reserving Manager

Who are we?

Howden is a collective – a group of talented and passionate people all around the world. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mindset, and our strength lies in our ability to collaborate as a powerful international team comprised of 18,000 employees spanning over 100 countries.

People join Howden for many different reasons, but they stay for the same one: our culture. It's what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities – work / life balance, career progression, sustainability, volunteering – you'll find like-minded people driving change at Howden.

Role Definition

To support the Actuarial team in providing in-house actuarial services, including but not limited to taking a lead role in the quarterly reserve process, assessing profitability of business lines and projecting profit commission accruals. This role with support the UK & European business areas, along with other territories as required.

Key Responsibilities / Accountabilities

• Take a lead role in the quarterly reserving process which assesses the profitability of business lines and projects Profit Commission accruals.
• Support the ongoing development and scope expansion of the process for assessing ULRs and modelling profit commissions.
• Support the team in the development of the actuarial database as the main source of reserving data.
• Develop and implement efficient and effective controls to ensure data and models are accurate and fit for purpose.
• Support deep dive reviews of individual products to identify trends, suggest potential growth areas or help identify corrective actions as needed.
• Assist with the development of MI incorporating reserving analytics.
• Communicate key results and uncertainties with stakeholders.
• Support the learning and development of more junior team members as well as knowledge sharing across the wider team.

Skills and experience needed to perform role

• A qualified actuary (FIA or equivalent) with post-qualification experience in general insurance.
• Highly experienced in actuarial reserving and related processes, with a strong technical and commercial grounding, including London market experience.
• Experience of developing and improving actuarial models including data specification and reconciliation, testing and documentation.
• Proficient in SQL, with the ability to manipulate large and complex data sets.
• Experience in ResQ, Excel, Power BI and Pytho would be advantageous.
• Detail-oriented, highly organised, and focused on ensuring auditability of their work with clear documentation and controls.

• Able to work independently, meet deadlines and prioritise workloads.

• A strong communicator who can discuss and present actuarial findings to non-technical audiences.

What do we offer in return?

A career that you define. At Howden, we value diversity – there is no one Howden type. Instead, we're looking for individuals who share the same values as us:

• Our successes have all come from someone brave enough to try something new
• We support each other in the small everyday moments and the bigger challenges
• We are determined to make a positive difference at work and beyond

Reasonable adjustments

We're committed to providing reasonable accommodations at Howden to ensure that our positions align well with your needs. Besides the usual adjustments such as software, IT, and office setups, we can also accommodate other changes such as flexible hours* or hybrid working*.

If you're excited by this role but have some doubts about whether it's the right fit for you, send us your application – if your profile fits the role's criteria, we will be in touch to assist in helping to get you set up with any reasonable adjustments you may require.

• Not all positions can accommodate changes to working hours or locations. Reach out to your Recruitment Partner if you want to know more.

Permanent