Reserving Manager in Slough

About Atrium

Atrium is a leading (re)insurance group at Lloyd's, the world's specialist insurance market. With a proud history going back to the 1930s, we protect our clients around the world from the risks they face. We manage Syndicate 609, and write specialty insurance and reinsurance across property, casualty, and specialty business groups. In 2024, Atrium generated $1.3B in gross written premium. Atrium is ranked as one of the top-performing Lloyd’s Syndicates of the past decade, measured by high profitability and low volatility, achieving substantial growth whilst generating value for the Group.

Atrium offers all permanent employees the chance to work flexibly through our charter for flexible working - we actively invite applications from candidates requiring any form of flexible working arrangements.

Role

We are looking for a Reserving Manager to help lead the day-to-day reserving work as well as new and existing projects.

• Reserving
  • Manage the reserving team through the quarterly reserving process as required including reviewing of reserve projections by line, analysis of change and documentation and presentation of the results.
  • Work closely with the claims team and underwriters on queries and business planning impacting the lines of business.
  • Take heavy involvement in deep dives to review reserving assumptions and projections for certain classes within property, casualty and specialty divisions.
  • Provide thought-leadership to developing key reserving projects (such as reserving for the impact of additional inflation or climate change).
  • Lead the team in the setup of analytics and trend analysis to aid reserving reviews and provide useful management information.
  • Develop reserving methodology where possible and keep abreast of market developments.
• Reserve Uncertainty
  • Manage the assessment of reserve uncertainty for all lines of business. This includes modelling and the parameterisation of reserve risk within the Syndicate capital model.
• Technical Provisions
  • Manage the process for the calculation and / or review of the technical provisions.
• Business Planning
  • Play full part in actuarial team’s responsibility for reviewing business plans, utilising reserving knowledge wherever possible to be able to advise underwriting teams of anticipated levels of future profitability.
• General
  • Develop and critically analyse modelling for complex losses.
  • Liaise with Finance to ensure timely delivery and accurate completion of reporting to Lloyd’s and regulators.
  • Contribute to peer review and ensure own work is peer reviewed as appropriate, in line with professional guidance.
  • Provide support to senior members of the Actuarial Function for regular work and any ad hoc basis for particular projects where needed.
• Compliance
  • Responsibility for ensuring compliance with actuarial standards and market practice where relevant.
  • Compliance with Sarbanes-Oxley Control Framework including ensuring evidence of controls is maintained.
  • Deal with queries from SAO provider and external and internal audit concerning reserving process and outputs.
• Management
  • Manage the work of the actuarial analyst to deliver on the above tasks.

Skills required

• Experience working as a Reserving Manager within the Lloyd’s market.
• Understanding of the classes of business transacted by the organisation, the Lloyd’s market and a knowledge of issues affecting the insurance market.
• Highly numerate with financial awareness.
• Multi-disciplined, professional approach.
• Excellent interpersonal and communication skills.
• Post qualification experience (FIA or equivalent) or nearly qualified.
• Good management and supervisory skills.
• Ability to direct, motivate and develop reports.
• Good judgement skills regarding task prioritisation, delegation and resource allocation.
• Good project management.
• Good IT skills and in particular, good knowledge of Microsoft Excel and competent user of ResQ or similar reserving software.

At Atrium, we embrace diversity and inclusion and value the different perspectives and contributions of every individual. We believe that diversity fuels our business and benefits our employees, partners, and the community. We are committed to developing a diverse talent pool at every level. Our people are at the heart of our business, which is why we value the diversity of thought and talent of our colleagues, and we are committed to supporting and celebrating difference.

Atrium is an equal opportunity employer and considers applicants for all positions without discrimination or regard to characteristics. We welcome applications from all individuals, regardless of race, ethnicity, nationality, religion, gender, gender identity, sexual orientation, age, disability, marital status, or any other protected characteristic. We are committed to fostering a culture of respect in which everyone feels they belong and has the same opportunities to progress in their careers.