At a Glance
- Tasks: Join our Actuarial Reserving team and provide expert actuarial advice while building key relationships.
- Company: 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 a dynamic environment while developing your actuarial skills.
- Qualifications: Experience in actuarial functions and strong analytical skills are essential.
The predicted salary is between 60000 - 80000 £ per year.
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 employer: 慨正橡扯
QBE is an exceptional employer that prioritises employee well-being and professional growth, offering a hybrid working model in vibrant locations like London and Leeds. With generous benefits such as 30 days of holiday, fully funded private medical insurance, and a commitment to sustainable practices, QBE fosters a supportive work culture that encourages continuous improvement and collaboration. Employees are empowered to develop their skills through mentorship opportunities and flexible working arrangements, making it an ideal place for actuaries seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Actuary
✨Network Like a Pro
Get out there and connect with people in the actuarial field! Attend industry events, webinars, or even local meetups. 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 what you can bring to the table.
✨Tailor Your Approach
Every company is different, so make sure you tailor your conversations to fit QBE’s values and needs. Research their projects and think about how your skills as a Reserving Actuary can help them achieve their goals.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the QBE team.
We think you need these skills to ace Reserving Actuary
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 analytical prowess!
Showcase Your Technical Skills:Since this role involves a lot of data analysis, make sure to showcase your proficiency in Excel and any other analytical tools you’re familiar with. We love seeing candidates who can develop sophisticated models and drive efficiencies!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re keen on joining our team at QBE!
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 insights or improvements.
✨Stakeholder Savvy
Strong communication is key in this role. Before the interview, think about how you've built relationships with stakeholders in the past. Be ready to share examples of how you’ve influenced decisions or improved processes through effective collaboration.
✨Show Your Critical Thinking
QBE values innovation and questioning the status quo. Prepare to discuss times when you challenged existing processes or suggested improvements. Highlight your critical thinking skills and how they’ve benefited your previous teams or projects.
✨Project Management Prowess
You'll need to manage multiple components independently. Think of a project you've led or contributed to that required strong organisational skills. Be ready to explain how you planned, executed, and monitored the project's success, including any challenges you faced and how you overcame them.
