Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead reserving assessments and deliver high-quality actuarial analysis.
- Company: Join a growing Lloyd’s managing agency with a collaborative culture.
- Benefits: Enjoy a high-visibility role with opportunities for mentorship and influence.
- Why this job: Make an impact in a forward-thinking environment while developing your skills.
- Qualifications: Qualified actuary with strong reserving background; Lloyd’s experience preferred.
- Other info: Mentor junior actuaries and enhance reserving models in line with industry standards.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
A growing Lloyd’s managing agency is seeking an experienced Reserving Actuary to lead key aspects of their reserving and reporting function, including people management.
You’ll be responsible for delivering high-quality actuarial analysis, ensuring regulatory compliance, and supporting business decision-making across teams.
Key Responsibilities:
- Lead reserving assessments across multiple business classes.
- Calculate Technical Provisions under Solvency II and related regulations.
- Prepare regulatory documentation and internal reports.
- Maintain and enhance reserving models in line with Lloyd’s and PRA standards.
- Collaborate with underwriting, pricing, and other teams to analyse performance trends.
- Present analysis to management and support the production of the Actuarial Function Report.
- Mentor junior actuaries and support capital modelling efforts.
Requirements:
- Qualified actuary (or equivalent experience) with strong reserving background.
- Lloyd’s market experience preferred.
- Familiarity with ResQ, VBA, Access, and data tools beneficial.
This is a high-visibility role in a collaborative and forward-thinking environment, with opportunities to influence strategy beyond traditional actuarial work.
Reserving Manager employer: Invecta
Contact Detail:
Invecta Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Manager
✨Tip Number 1
Familiarise yourself with the Lloyd's market and its specific regulations. Understanding the nuances of Solvency II and how it impacts reserving will give you a significant edge in discussions during interviews.
✨Tip Number 2
Network with professionals already working in the Lloyd's managing agency space. Attend industry events or webinars to connect with potential colleagues and learn about their experiences, which can provide valuable insights for your application.
✨Tip Number 3
Brush up on your technical skills, especially in ResQ, VBA, and Access. Being able to demonstrate your proficiency in these tools during the interview can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience in mentoring and leading teams. Highlight specific examples where you've successfully guided junior actuaries or collaborated across departments, as this role emphasises people management and teamwork.
We think you need these skills to ace Reserving Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as a reserving actuary, particularly any work with Lloyd's or similar markets. Emphasise your skills in calculating Technical Provisions and your familiarity with relevant tools like ResQ and VBA.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for the Reserving Manager role. Discuss your leadership experience, your ability to mentor junior actuaries, and how you can contribute to the company's strategic goals.
Showcase Relevant Experience: When detailing your previous roles, focus on specific achievements related to reserving assessments, regulatory compliance, and collaboration with other teams. Use quantifiable results where possible to demonstrate your impact.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in actuarial work.
How to prepare for a job interview at Invecta
✨Showcase Your Technical Skills
As a Reserving Manager, you'll need to demonstrate your expertise in calculating Technical Provisions under Solvency II. Be prepared to discuss your experience with relevant tools like ResQ, VBA, and Access, and how you've used them in past roles.
✨Highlight Leadership Experience
Since this role involves people management, it's crucial to share examples of how you've successfully led teams or mentored junior actuaries. Discuss specific situations where your leadership made a positive impact on your team's performance.
✨Understand Regulatory Compliance
Familiarise yourself with the regulatory landscape, particularly Lloyd's and PRA standards. Be ready to explain how you've ensured compliance in previous roles and how you would approach it in this position.
✨Prepare for Collaborative Discussions
This role requires collaboration with various teams, so be prepared to discuss how you've worked with underwriting, pricing, and other departments in the past. Share examples of how your analysis has influenced business decisions and strategy.
