At a Glance
- Tasks: Provide actuarial advice, manage processes, and mentor junior team members.
- Company: Join QBE, a global insurer with a focus on innovation and customer care.
- Benefits: 30 days holiday, flexible working, private medical insurance, and generous pension contributions.
- Other info: Enjoy a hybrid work model and opportunities for professional growth.
- Why this job: Make a real impact in the actuarial field while developing your skills in a supportive environment.
- Qualifications: Experience in actuarial functions and strong analytical skills required.
The predicted salary is between 60000 - 80000 £ per year.
Time Type: Full time
Worker Type: Employee
Position: Reserving Actuary
Location: London or Leeds
Type: Permanent (Hybrid)
About QBE
At QBE, we focus on what matters most to our customers and do it with a human touch. We are a global insurer with more than 13,000 employees across 26 countries, aiming to be the most consistent and innovative risk partner.
The opportunity
We are looking for a Reserving Actuary to join our Actuarial Reserving team responsible for products across our QBE Re division. The role is full‑time and permanent.
Your new role
Reporting to the Reserving Manager, you will:
- Provide actuarial advice to business units, building relationships with key stakeholders and ensuring technical quality.
- Deliver quarterly reserving advice, support business planning, reserve variability and undertake deep dives into portfolio segments.
- Forecast technical provisions, reserve margins and uncertainties to support business analysis, MI for reports, accounts, planning and profitability studies.
- Support senior team members in explaining key assumptions to stakeholders.
- Coach and mentor student actuaries and junior team members, providing performance feedback and professional guidance.
- Identify continuous improvement opportunities, drive efficiencies in process and challenge the status quo.
- Manage and monitor actuarial processes, ensuring continued delivery and ongoing improvement.
- Ensure checks minimise inaccuracies in your work and in reviews of others.
- Assist in developing systems and procedures to produce accurate data and analyses, adopting efficient and consistent actuarial models and technologies.
- Plan and execute projects with multiple components independently, escalating for support when necessary.
- Build relationships with internal and external stakeholders to improve customer focus.
- Stay abreast of developments in the wider actuarial community and regulatory environment.
- Contribute to strategic planning with a long‑term perspective.
About you
You have experience working within an actuarial function in a multinational financial services business, ideally in general insurance. You understand industry best practice in actuarial analysis, modelling, underwriting, risk and compliance.
Key qualifications and skills:
- Strong stakeholder management and communication skills.
- Proficiency in using numeric data and analytical tools.
- Advanced Excel and other analytical tools; ability to develop sophisticated models.
- Critical thinking and a willingness to question established processes and suggest improvements.
- Experience working in an agile environment and responding to stakeholder requirements.
- Influencing and collaboration abilities.
- Organisational skills and self‑management of workflow.
Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.
Benefits
- 30 days holiday a year with the option to buy up to 2 additional days.
- Flexible working opportunities including part‑time, job share and compressed hours.
- Automatic enrollment in the QBE pension plan with 10% employer contributions of basic salary.
- Fully funded private medical insurance for you and your family.
- Family‑friendly leave: 26 weeks at full pay regardless of gender identity, sexual orientation or parenthood status.
- Paid remote work abroad: up to 20 days per year from approved locations.
- Sustainable investing within the pension strategy aligning with net‑zero goals.
- Cycle‑to‑Work benefit with up to £5,000 for bike purchase or accessories.
Equal Employment Opportunity
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
Reserving Actuary in London employer: 慨正橡扯
At QBE, we pride ourselves on being an exceptional employer, offering a dynamic work culture that prioritises innovation and collaboration. Our London and Leeds locations provide flexible working arrangements, generous benefits including 30 days of holiday and fully funded private medical insurance, and ample opportunities for professional growth through mentorship and continuous improvement initiatives. Join us to be part of a global team that values your contributions and supports your career development in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Actuary in London
✨Network Like a Pro
Get out there and connect with people in the actuarial field! Attend industry events, webinars, or even local meet-ups. Building relationships can open doors to opportunities that aren’t advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your experiences and how you've tackled challenges in previous roles. This is your time to shine and show them why you're the perfect fit for the Reserving Actuary position.
✨Prepare for the Interview
Do your homework on QBE and the role. Understand their products and recent developments in the actuarial community. This will help you ask insightful questions and demonstrate your genuine interest in the company.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the QBE team and ready to contribute to our mission.
We think you need these skills to ace Reserving Actuary in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reserving Actuary role. Highlight your experience in actuarial functions and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our needs. Don’t forget to mention your stakeholder management skills and any experience with analytical tools.
Showcase Your Achievements:When detailing your experience, focus on specific achievements rather than just duties. We love to see quantifiable results, so if you've improved processes or delivered successful projects, let us know!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes directly to us. Plus, we can’t wait to hear from you!
How to prepare for a job interview at 慨正橡扯
✨Know Your Numbers
As a Reserving Actuary, you'll be dealing with a lot of numerical data. Brush up on your analytical skills and be prepared to discuss how you've used data in past roles. Think about specific examples where your analysis led to significant business decisions.
✨Stakeholder Savvy
This role requires strong stakeholder management skills. Before the interview, research QBE's key stakeholders and think about how you would build relationships with them. Be ready to share examples of how you've successfully managed stakeholder expectations in previous positions.
✨Show Your Critical Thinking
QBE values critical thinking and the ability to challenge established processes. Prepare to discuss times when you've identified inefficiencies and proposed improvements. This will demonstrate your proactive approach and willingness to innovate.
✨Practice Your Communication Skills
Effective communication is crucial for this role. Practice explaining complex actuarial concepts in simple terms, as you may need to do this with non-technical stakeholders. Consider doing mock interviews with friends or colleagues to refine your delivery.
