At a Glance
- Tasks: Join our team to drive the quarterly reserving process and enhance monitoring tools.
- Company: Diverse and inclusive company committed to a people-first culture.
- Benefits: Enjoy up to 38 days holiday, free shares, and a supportive work environment.
- Other info: Opportunity for career growth and mentorship in a collaborative setting.
- Why this job: Make a real impact in a dynamic role while developing your actuarial skills.
- Qualifications: Qualified or nearly qualified Actuary with strong analytical and reserving experience.
The predicted salary is between 55000 - 70000 £ per year.
Reporting to the Head of Reserving, you’ll be a key part of the team from day one – building your understanding of our business and contributing to reserve reviews, while helping to shape how we continuously improve our processes.
Responsibilities
- Owning and contributing to key elements of the quarterly reserving process across Motor, Household and Van products from data through to insight and reporting.
- Challenging and validating outputs to ensure robust decision‑making.
- Developing and enhancing monitoring tools, working closely with Claims to understand emerging trends.
- Driving continuous improvement by identifying and implementing smarter, more efficient processes.
- Supporting key initiatives such as data transformation and reserving enhancements.
- Reviewing and challenging Solvency UK Technical Provisions and IFRS 17 outputs.
- Building models and tools to support evolving business needs.
- Staying ahead of industry trends and best practice.
- Ensuring documentation is clear, robust and aligned with Technical Actuarial Standards.
- Supporting and developing colleagues across the wider Reserving teams.
Culture & Values
We take pride in being a diverse and inclusive business. It’s a place where you can be yourself, show up as you are, and be empowered to be brilliant. We’re committed to fostering a people‑first culture where everyone is accepted, supported and empowered to make a difference for our customers and each other.
Location
This role requires attendance in our Cardiff office once per week.
Benefits
- 33 days holiday (including bank holidays) when you join us, increasing up to a maximum of 38 days (including bank holidays) the longer you stay.
- Option to buy or sell up to an additional five days of annual leave.
- Up to £3,600 of free shares each year after one year of service.
- Recognition as a Great Place to Work for Women, for Wellbeing and overall Great Place to Work for over 25 years.
Qualifications
- Qualified or nearly qualified Actuary (IFoA or equivalent).
- Strong reserving experience, ideally within personal lines.
- Knowledge of Solvency UK and IFRS 17 frameworks.
- A strong analytical mindset, with excellent attention to detail.
- Experience supporting or mentoring others.
- Confidence working with senior stakeholders and presenting complex insights clearly.
- Ability to manage priorities and deliver to deadlines independently.
- Strong Excel skills and experience working with actuarial data and models.
Desirable Skills and Experience
- Experience across multiple product lines (e.g. Motor, Household, Van).
- Exposure to transformation or process improvement initiatives.
- Awareness of market trends within personal lines reserving.
Diversity & Inclusion
We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.
Reserving Actuary in Cardiff employer: Admiral Group plc
As a Reserving Actuary at our Cardiff office, you'll join a diverse and inclusive team that values your unique contributions from day one. We offer an empowering work culture with extensive benefits, including up to 38 days of holiday and opportunities for professional growth, ensuring you can thrive while making a meaningful impact in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Actuary in Cardiff
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those who work in reserving. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and industry trends. Be ready to discuss how you can contribute to the quarterly reserving process and improve efficiencies.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've challenged outputs or developed monitoring tools in past roles. This will demonstrate your ability to drive continuous improvement.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining our diverse and inclusive team.
We think you need these skills to ace Reserving Actuary in Cardiff
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Reserving Actuary role. Highlight your reserving experience and any relevant qualifications, like being a qualified or nearly qualified Actuary. We want to see how you can contribute 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 this role and how your background aligns with our values. Don’t forget to mention your analytical mindset and experience with Solvency UK and IFRS¡17 frameworks.
Showcase Your Analytical Skills:Since this role requires a strong analytical mindset, make sure to include examples of how you've used data to drive decision-making in your previous roles. We love seeing how you challenge and validate outputs to ensure robust decisions!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our diverse and inclusive team!
How to prepare for a job interview at Admiral Group plc
✨Know Your Numbers
As a Reserving Actuary, you'll need to demonstrate your strong analytical skills. Brush up on key metrics related to Motor, Household, and Van products. Be ready to discuss how you’ve used data in past roles to drive insights and decision-making.
✨Showcase Your Process Improvement Mindset
Prepare examples of how you've identified and implemented smarter processes in previous positions. Companies love candidates who can drive continuous improvement, so highlight any transformation initiatives you've been part of.
✨Be Ready to Discuss Regulatory Frameworks
Familiarise yourself with Solvency UK and IFRS 17 frameworks. Be prepared to explain how these regulations impact reserving practices and share any relevant experiences you have in working within these guidelines.
✨Engage with Stakeholders
Since the role involves working with senior stakeholders, practice articulating complex insights clearly and confidently. Think of scenarios where you’ve successfully communicated findings or mentored others, as this will show your ability to collaborate effectively.
