At a Glance
- Tasks: Join our Reserving team to drive key projects and enhance processes.
- Company: Admiral Group, a leading UK insurer with a people-first culture.
- Benefits: 33 days holiday, up to £3,600 in free shares, and flexible working options.
- Other info: Diverse and inclusive workplace committed to your growth and wellbeing.
- Why this job: Make a real impact while mentoring others and shaping the future of reserving.
- Qualifications: Qualified or nearly qualified Actuary with strong analytical skills.
The predicted salary is between 60000 - 80000 £ per year.
Flexible working: this role is offered on a hybrid basis, with a blend of home and office working.
Excellent opportunity to join our Reserving team here at Admiral Group as Senior Reserving Actuary. This is an ideal opportunity for someone who is looking to apply the knowledge and skills they have gained in their actuarial career to date in a fresh new environment, one which will challenge but ultimately reward you with responsibility for contributing to key projects.
The Role
Reporting to the Head of Reserving, you’ll be a key part of the team from day one - building your understanding of our business, contributing to reserve reviews, and helping to shape how we continuously improve our processes. With the ever-changing external environment, this is a great time to be working within the Reserving Team of a leading UK insurer. As a senior member of the team, you’ll also play an important role in supporting and mentoring junior colleagues, helping to grow capability across the team. You’ll work closely with a wide network of stakeholders, including Finance Senior Management, Claims, the Reserving Committee, Audit, Line 2 Risk, Reinsurance partners and external actuarial partners, giving you real visibility and influence across the organisation.
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 IFRS17 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.
Essential skills and experience
- Qualified or nearly qualified Actuary (IFoA or equivalent).
- Strong reserving experience, ideally within personal lines.
- Knowledge of Solvency UK and IFRS17 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.
Please note - we may close this vacancy early if we receive lots of applications or business priorities change. We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service. Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave. We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! 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. Our fantastic benefits make sure our colleagues have a great work-life balance.
Disability Confident Leader: As a Disability Confident Leader, for candidates with a disability or long-term health condition, that opt into the Disability Confident scheme, we’ll invite a fair and proportionate number of applicants that meet the essential requirements of the role to the first stage of our selection process. If you need any adjustments or support with your application or during the recruitment process, just let us know. Please email Helen.hunt@admiralgroup.co.uk or contact us on 07796 039828. This number is dedicated to supporting candidates that require reasonable adjustments or support during the application process.
Senior Reserving Actuary in Cardiff employer: Admiral Group plc
Admiral Group is an exceptional employer that prioritises a people-first culture, offering flexible hybrid working arrangements and a commitment to diversity and inclusion. With a strong focus on employee growth, you will have the opportunity to mentor junior colleagues while contributing to key projects that shape the future of the business. Enjoy generous benefits including up to 38 days of holiday, share options, and a supportive environment that fosters your professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Reserving Actuary in Cardiff
✨Tip Number 1
Network like a pro! Reach out to current employees at Admiral Group on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills and industry knowledge. Be ready to discuss how your experience aligns with the role of Senior Reserving Actuary and how you can contribute to the team.
✨Tip Number 3
Show off your soft skills! During interviews, highlight your mentoring experience and ability to work with senior stakeholders. This is key for a senior role, so make sure they see your leadership potential.
✨Tip Number 4
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 our team.
We think you need these skills to ace Senior Reserving Actuary in Cardiff
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your reserving experience and any relevant qualifications to show us you’re the right fit for the Senior Reserving Actuary role.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you’re excited about this opportunity. Share specific examples of how your background aligns with our needs, especially around mentoring and working with stakeholders.
Showcase Your Analytical Skills:Since this role requires a strong analytical mindset, don’t shy away from including examples of how you've used data to drive decision-making or improve processes in your previous roles. We love seeing those insights!
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’s super easy to do!
How to prepare for a job interview at Admiral Group plc
✨Know Your Numbers
As a Senior Reserving Actuary, you'll need to demonstrate your strong analytical skills. Brush up on your knowledge of Solvency UK and IFRS17 frameworks, and be ready to discuss how you've applied these in previous roles. Prepare examples that showcase your ability to challenge and validate outputs.
✨Showcase Your Mentoring Skills
Since this role involves supporting and mentoring junior colleagues, think about specific instances where you've helped others grow. Be prepared to share your approach to mentoring and how it has positively impacted your team or projects.
✨Engage with Stakeholders
You'll be working closely with various stakeholders, so practice articulating complex insights clearly. Prepare to discuss how you've effectively communicated with senior management or external partners in the past, and how you can bring that experience to Admiral Group.
✨Emphasise Continuous Improvement
Admiral Group values innovation and efficiency. Think of examples where you've identified and implemented smarter processes in your previous roles. Be ready to discuss how you stay ahead of industry trends and how you can contribute to the continuous improvement of the reserving process.