Senior Reserving Actuary in Cardiff

Senior Reserving Actuary

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).
• Experience of actuarial reserving, with knowledge of Solvency UK and IFRS 17 frameworks.
• Ability to analyse actuarial data and models accurately, with proficiency in Excel.
• Ability to communicate complex actuarial information clearly to a range of stakeholders, including senior stakeholders.
• Ability to manage competing priorities and deliver to deadlines independently, with experience of supporting or mentoring others.

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.

Admiral: Where You Can

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; You can view some of our other key benefits here.

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.

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