Reserving Actuary

Primary DetailsTime Type: Full timeWorker Type: Employee

Reserving Actuary

London or Leeds

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're looking for a Reserving Actuary to join our Actuarial Reserving team responsible for products across UK & Europe on a full time, permanent basis.

Your new role

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

You'll deliver quarterly reserving advice, input into business planning, reserve variability and business partnering to undertake deep dives into relevant segments of the portfolio, supporting 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

• Have ability to supervise a small team, allocating responsibilities and managing priorities - providing performance feedback to team and professional guidance to junior team members

• Identify areas for continuous improvement, drives toward efficiencies in process, challenges the status quo

• Manage and monitor Actuarial process, where applicable, to ensure their continued delivery and improvement to meet

• Ensure appropriate checks are performed within processes to minimise inaccuracies, both on their own work and the review of others

• Use and assist with the development of appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced. This is to include adopting efficient and consistent actuarial models and process and / or technologies where appropriate

• Plan and execute existing projects with multiple components with minimal direction

• Manages own workflow and works largely independently, escalating for support when needed

• Build relationships with internal and external stakeholders to improve customer focus

• Understand developments in wider Actuarial community to stay abreast of current development

• Keep bigger picture in mind, with ability to think through longer term implications and contribute to team strategic planning

• Understands impact of regulatory environment on technical work

About you

You'll have an experience of working within the actuarial function in a multinational financial services business, ideally within GI. You'll understand industry best practice in actuarial analysis, modelling and underwriting, and risk and compliance issues.

Skills you'll 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. 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

• Organisational skills

#reserving #actuary #generalinsurance #giactuary

Why QBE? At My Best   

 At QBE, we want our people to feel rewarded and inspired to perform at their best, that's why we have created "At My Best". It's our connection, our way of showing we have your back. We understand that one size doesn't fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It's in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA.   

#LI-Hybrid

We're an international insurer that's building momentum towards realising our vision of becoming the most consistent and innovative risk partner. We can never really predict what's around the corner, but at QBE we're asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.   

QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation ).  

With more than more than 13,000 people working across 27 countries, we're big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.   

To find out more about why you should work for QBE, visit our careers website.  

At My Best - QBE Benefits   

 You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally.  As well as the benefits below we also offer an extensive choice of other options to suit you   

30 days holiday a year with the option to buy up to 2 additional days.  

Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.  

Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.  

Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.   

Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.  

Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.  

Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.  
Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.  

To find out more visit our  Reward Page  

QBE Awards   

Some of the award's QBE are proud to have won, been a finalist for, and shortlisted for include:

Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year, Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance 

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

You can view all our awards here  

Inclusion of Diversity  

We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in.  We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women's Empowerment Principles and Race at Work charter helps keep us accountable and transparent. For more information on our strategy targets please take a look at our Careers Page  

Accessibility   

Here at QBE, we are promoting an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware.  

ESG & Sustainability  

At QBE, we believe that integrating sustainability into our business helps us deliver on our purpose of enabling a more resilient future.  Our three key focus areas include fostering an orderly and inclusive transition to a net-zero economy, enabling a sustainable and resilient workforce, and partnering for growth through innovative, sustainable, and impactful solutions. For further information regarding QBE's sustainability targets, including our net-zero pledges and inclusion of diversity targets, and our award-winning impact investment initiative 'Premiums4Good', please visit our Sustainability homepage and read our latest Sustainability Report   

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, and a member of our friendly Talent Acquisition team will be in contact to discuss your interest further if you meet the requirements of the role.   

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

APPLY NOW and let's make it happen

Skills:

Actuarial Science, Analytical Thinking, Critical Thinking, Decision Making, Financial Products, Intentional collaboration, Managing performance, Price Modelling, Problem Solving, Process Improvements, Risk Management, Sound Judgment, Stakeholder Management, Statistical Analysis Software (SAS), Waterfall Model

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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