Senior Reserving Actuary

2 months ago

UK, UK, United Kingdom Rokstone Underwriting Full time

Job Title: Senior Reserving Actuary

Reporting to: Chief Actuary

Location: London Office / Hybrid


Who We Are

At The Aventum Group, we’re not one for following the usual rules. We work hard at being different and that very much extends to how we look after our people. Because for us, they’re not just people. They’re part of the family. A family that dreams big and always works together to make insurance better. For everyone.

We offer our employees a unique benefits package that includes personal training sessions, wellbeing provisions, and an additional day off for your birthday We benefit from a learning culture and are keen to develop our employees to advance their careers at Aventum.

Rokstone is the Managing General Agent pillar of the Aventum group. We are one of the fastest growing global (re)insurance MGAs. Whether it’s for our capacity providers, who want to know that their money is protected, or for our brokers, who want to know that they can easily place their risks, we understand the importance of always performing. It’s why we deploy capacity quickly and efficiently across uncorrelated markets. It’s why we provide rapid access to developed portfolios in niche markets. It’s why we are highly diversified by both product line and distribution source.


Role Summary

You are joining a newly formed actuarial function. The team’s immediate goal is to work with our CUOs and other key stakeholders to agree and deliver a reserving roadmap. This will involve business partnering with underwriting and claims to create a impactful, efficient and informative quarterly cycle of analysis that leaves our underwriters, management team and external stakeholders well informed of our forecast performance, next actions as a business and underlying uncertainties.


Role Accountabilities

  • Embed a reserving framework that supports underwriter and management strategy, enabling ownership of results and subsequent optimization of portfolio management.
  • Claims will be enabled to discuss aggregate quarterly claims experience relative to prior quarter performance assumptions and prior period trends.
  • Underwriting will be a valued contributor to the forecasting process and will be engaged in the estimation process such that they can present the final quarterly results to Rokstone management in tandem with actuarial and claims.
  • Results will be presented with impact. Communicated effectively with strong visualization aids. This will be led by actuarial but with responsibility also sitting with claims and underwriting.
  • Actions will be agreed between quarters in a way that enables performance analysis to continue outside of the critical path for finalization of any one set of quarterly numbers.
  • Material assumptions will be clearly highlighted and discussed with stakeholders outside of actuarial who have relevant technical expertise. Our assumptions should be realistic, transparent and consider both historical experience and considered future permutations. Uncertainty will be communicated and a range of possible loss ratio outcomes will be highlighted.
  • Process automation will be a guiding principle of the reserving team as they aspire to reduce the time spent within the actual reserving process (receiving data to presenting final results) creating more time outside the critical path to investigate hot topics that can contribute to future quarter assumptions and overall business strategy.
  • In respect of reserving methods the team will aspire to evolve and enhance their assumptions over time with full engagement from the relevant business stakeholders.


In respect of data actuarial will take responsibility for:

  1. Checking the data provided for use relative to expectations and prior period positions.
  2. Reporting data issues back to the relevant teams in the event that they are identified during the reserving process. Actuarial will communicate any issues effectively identifying cause and materiality and recommend solutions where possible, escalating appropriately based on materiality.
  3. Explaining the actual experience seen relative to expectations with the support of claims and underwriting.


Actuarial will contribute to the operational design and implementation of a process that achieves:

  1. Compiling and completion of data from multiple sources.
  2. Conforming the data prior to delivery to actuarial.
  3. Checking the data prepared for entry relative to PAS or warehouse.


Role Requirements

  • University degree in Mathematics or a related field.
  • Qualified actuary (FIA or equivalent).
  • Experience of working closely with claims and underwriting teams on reserving analysis and influencing subsequent commercial portfolio decisions and agreed next actions.


Skills and Abilities

We are here to support the Rokstone management and underwriting teams with technical expertise and simple but effective communication.


We are here to be honest, pragmatic and commercial. We will challenge where opinions differ but also respect others views and communicate differences professionally, always communicating the uncertainty and limitations in our work.


Successful candidates must bring both experience and passion for both optimising process and market level analysis that can bring valuable insight to Rokstone’s forecasting and strategy.

  • Senior Actuarial Reserving Analyst

    3 weeks ago

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

    We have partnered with a leading Re-insurer to find them a Senior Actuarial Reserving Analyst. This role will focus primarily on Reserving but will also provide exposure to other areas of the business. This role is not limited to but includes:A medium sized team, giving you the opportunity to get stuck into everything and learn from the best senior actuaries...

  • Reserving Actuary

    3 weeks ago

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

    We have partnered with a leading Re-insurer to find them a Reserving Reinsurance Actuary. This role will focus primarily on Reserving but will also provide exposure to other areas of the business. This role is not limited to but includes:A medium sized team, giving the opportunity to get stuck into everything and learn from the best senior actuaries in the...

  • Senior Reserving Analyst/Actuary

    3 weeks ago

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

    We have partnered with a leading Re-insurer to find them a Senior Actuarial Analyst/Actuary. This role will focus primarily on Reserving but will also provide exposure to other areas of the business. This role is not limited to but includes : A medium sized team, giving the opportunity to get stuck into everything and learn from the best senior actuaries in...

  • Actuarial Reserving

    4 weeks ago

    UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a leading Lloyd's syndicate to find them a Mixed Reserving / Capital Analyst to join their rapidly expanding team. The successful candidate will work within the Actuarial Operations & Development team, working closely with the Reserving and Capital actuaries and analysts across the entire business. The role includes but is not...

  • Reserving Actuary

    3 weeks ago

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

    We have partnered with a leading consultancy to find them a Reserving Actuary on a contract basis. This role is not limited to but includes:The chance to work across actuarial, operations, finance a riskBuilding and parameterising Reserving ModelsManaging the quarterly reserving processCollaborating with consultants in adoption of reserving softwareFor more...

  • Senior Actuary

    2 days ago

    UK, UK, United Kingdom Lutine Bell Full time

    Company:Lutine Bell are pleased to be supporting a multiple award winning General Insurance and Investments firm who are looking to recruit a Senior Actuary to join their team.The company is renowned for it's excellent customer satisfaction and maintaining long standing relationships with their customers.Role:You will be sitting within the Risk Division,...

  • Senior M&A Actuary

    4 weeks ago

    UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a global leading business to help them find a "buy side" M&A Actuary in either their Bermuda or London offices. This is a great opportunity to get exposure to the exciting area of insurance M&A while providing actuarial input on Reserves/Capital and offer pricing. The role includes:Reporting directly into the Chief Pricing Actuary and...

  • Reserving Actuary

    3 months ago

    London, UK, UK, 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

    1 week ago

    London, UK, UK, 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...

  • Senior Actuarial Analyst

    1 month ago

    UK, UK, United Kingdom HFG Insurance Recruitment Full time

    Exciting Professional Opportunity Our esteemed partnership with a prominent Lloyd's syndicate seeks an accomplished End-to-End Senior Actuarial Analyst. This pivotal role is tailored for analysts aspiring to ascend or senior analysts yearning for more exposure. Key highlights include:- Engaging in the intricate realms of pricing, reserving, and capital...

  • Senior Pricing Actuary

    2 weeks ago

    UK, UK, United Kingdom Vallum Associates Full time

    Senior Pricing Actuary – Pricing – London – Hybrid – Initial 3 month contract - Paying up to £1,000 per dayMy client is an Innovative, Bespoke Solutions Underwriter looking for a Senior Pricing Actuary for an initial 3 month contract to add extra support to their current Pricing function. This position is based in London 2/3 days per week and will...

  • Pricing Actuary/Analyst

    4 weeks ago

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

    We have partnered with a dynamic insurer to find them an end to end Pricing Actuary to focus on partnerships. This role is dedicated to seizing opportunities eagerly and underwriting comprehensive business ventures. This role would be suitable for someone from a Reserving background looking to move over into Pricing. **Role Overview:** As a Pricing Actuary,...

  • Mixed Senior Actuarial Analyst

    4 weeks ago

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

    We are working with a prominent Lloyd's syndicate, who seeks an accomplished End-to-End Senior Actuarial Analyst. This pivotal role is tailored for analysts aspiring to ascend or senior analysts yearning for more exposure. Key highlights include:Engaging in the intricate realms of pricing, reserving, and capital optimisationInteracting with senior...

  • Actuarial Pricing Analyst

    3 weeks ago

    UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a dynamic insurer to find them an end to end Pricing Actuary to focus on partnerships. This role is dedicated to seizing opportunities eagerly and underwriting comprehensive business ventures. This role would be suitable for someone from a Reserving background looking to move over into Pricing. Role Overview:As a Pricing Actuary, you...

  • Senior Actuary

    2 months ago

    UK, UK, United Kingdom Lorien Full time

    Senior Actuary - Casualty / Pricing We are currently recruiting for a Senior Actuary with Casualty and Pricing experience to join one of our Insurance Clients on a 6 month contract.Please note this role is Inside IR35 and Hybrid working with 2 days on-site in London.You will work with the team to drive actuarial pricing support to improve business...

  • GI Mixed Actuarial Consultant

    4 weeks ago

    UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We are seeking an experienced Mixed Actuarial Consultant to join their dynamic team. This role offers a unique opportunity to engage in a wide variety of actuarial assignments within the general insurance market, working with a diverse client base, including Personal Lines insurers, Specialist insurers, and Lloyd's and London Market insurers. This role...

  • Actuarial Analyst

    4 weeks ago

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

    We have partnered with a leading Lloyd's syndicate to find them an Actuarial Development Analyst to join their rapidly expanding team. The successful candidate will work within the Actuarial Operations & Development team, working closely with the Reserving and Capital actuaries and analysts across the entire business. The role includes but is not limited...

  • Actuary

    3 months ago

    London, UK, UK, United Kingdom Oliver Wyman Full time

    Oliver Wyman Actuarial – Actuarial positions – UK P&COffice: LondonCompany OverviewOliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialised expertise in strategy, operations, risk management, and organisation transformation.The...

  • Nearly/Newly Capital Actuary

    1 week ago

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

    We've partnered with a highly profitable and growing syndicate to help them find a Nearly/Newly Qualified Capital Actuary. They are seeking someone who can take ownership of the role and grow alongside the business. This role also includes but not limited to:Working alongside the Head of Capital and other senior management across...

  • Financial Risk Actuary

    2 days ago

    UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a speciality insurer to find them a Qualified Actuary to join their team.This position offers the opportunity to collaborate closely with the CRO and become involved in a wide range of activities. Responsibilities include but are not limited too:Influence and negotiate with multiple stakeholders (up to Executive level) across many...