At a Glance
- Tasks: Lead the reserving team and oversee actuarial analysis for robust recommendations.
- Company: Join a forward-thinking company that values teamwork and innovation.
- Benefits: Flexible working options, career development, and a supportive environment.
- Other info: Embrace diversity and enjoy a culture that empowers everyone to thrive.
- Why this job: Make a real impact in a leadership role while driving financial performance.
- Qualifications: Qualified Actuary with leadership experience and strong stakeholder management skills.
The predicted salary is between 80000 - 100000 £ per year.
As the Director of Reserving, you will be responsible for running the reserving team and process, and for making a draft line 1 recommendation to the VP on the proposed reserves. You will coordinate the actuarial analysis of the team to make appropriate and robust actuarial indication and technical provision recommendations consistent with the Intact reserving policy and philosophy whilst considering all relevant aspects. You will be a member of the UK&I Corporate Actuarial Leadership Team, having responsibilities for both Reserving and the day‑to‑day coordination and running of the function and its wider responsibilities.
You’ll Make An Impact By:
- Leading reserving analysis and roll‑forward activities, ensuring coherence with IFRS17, Solvency II and related development workstreams, and overseeing accurate booking, communication and reporting.
- Managing a team delivering high‑quality actuarial analysis, working with data, identifying trends, building robust models and providing balanced actuarial indications with clear communication.
- Ensuring actuarial processes comply with all professional standards, regulatory requirements, Intact policies, the Financial Control Framework and line 2 obligations.
- Maintaining and enhancing actuarial assumptions, modelling, methodologies and reporting, ensuring industry insights and trends are appropriately incorporated.
- Overseeing the Senior Actuary peer review process, ensuring completion, documentation and appropriate action ahead of review by the Reserving Specialist.
- Delivering accurate and timely actuarial handoffs to Finance, completing quarterly control and governance processes, and reviewing monthly AvE output to inform reserving decisions and reporting.
- Providing support and responses to auditors, regulators, external reviewers and Group, and reviewing actuarial elements of products aligned to relevant reserving classes.
- Leading, developing and motivating the Corporate Actuarial team, ensuring the delivery of actuarial advice, knowledge sharing, technical development, and the adoption of new techniques and efficiencies across Intact.
Your Skills And Experience:
- You will be a qualified Actuary or equivalent with extensive experience in delivering substantial multi‑disciplinary actuarial decisions within Commercial or Specialty lines.
- Leadership experience is key to success in your role, and you will have led high‑performing teams, whilst developing your people, and leading through change.
- You will have a deep understanding of the in‑scope business, with the commercial astuteness and ability to drive and support financial performance through insight arising from Corporate Actuarial services.
- Experience with both IFRS and Solvency II.
- You will have excellent stakeholder management and communication skills, with the ability to build trust with senior internal and external stakeholders.
We celebrate individuality and believe our differences make us stronger. We’re proud to foster a culture where everyone feels respected, valued, and empowered to thrive. As an Equal Opportunity and Disability Confident Employer, we ensure fair consideration for all applicants and offer interviews to all disabled candidates who meet the essential criteria. We understand that everyone’s circumstances are different and are happy to explore flexible working options such as reduced hours or job shares to support work‑life balance. If you meet the core criteria but not every requirement, we’d still love to hear from you. Let’s explore how this role could support your next career step. If you need adjustments during the recruitment process, just let us know we’re here to support you.
Director - Reserving in Horsham employer: Intact Insurance UK
Contact Detail:
Intact Insurance UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director - Reserving in Horsham
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can help you land that Director of Reserving role.
✨Tip Number 2
Prepare for those interviews by brushing up on your technical knowledge and leadership skills. We recommend practising common interview questions related to actuarial analysis and team management. Show them you’re not just a numbers person, but a leader who can inspire and motivate a high-performing team.
✨Tip Number 3
Don’t forget to showcase your achievements! When you get the chance to speak with potential employers, highlight specific examples of how you’ve led teams or improved processes in previous roles. We want to see how you’ve made an impact in your past positions.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and take the initiative to connect directly with us. Let’s make this happen together!
We think you need these skills to ace Director - Reserving in Horsham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your leadership experience and any relevant actuarial qualifications to show us you’re the right fit for the Director of Reserving role.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you’re passionate about this position. Share specific examples of how you've led teams and made impactful actuarial decisions, so we can see your potential to thrive with us.
Showcase Your Communication Skills: Since stakeholder management is key, demonstrate your communication skills in your application. Use clear and concise language, and don’t shy away from sharing experiences where you’ve built trust with senior stakeholders.
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 us you’re keen to join the StudySmarter team!
How to prepare for a job interview at Intact Insurance UK
✨Know Your Numbers
As a Director of Reserving, you'll need to demonstrate your expertise in actuarial analysis. Brush up on key metrics related to IFRS17 and Solvency II, and be ready to discuss how you've applied these in past roles. Show them you can not only crunch the numbers but also interpret what they mean for the business.
✨Lead with Confidence
Leadership is crucial for this role, so prepare to share examples of how you've successfully led high-performing teams. Think about specific challenges you've faced and how you motivated your team through change. This will showcase your ability to inspire and develop others.
✨Communicate Clearly
Strong communication skills are essential, especially when dealing with senior stakeholders. Practice explaining complex actuarial concepts in simple terms. You might even want to prepare a few scenarios where you've effectively communicated insights that influenced decision-making.
✨Stay Current with Industry Trends
Make sure you're up-to-date with the latest trends in the actuarial field. Be prepared to discuss how these trends could impact reserving practices. Showing that you’re proactive about industry developments will demonstrate your commitment to continuous improvement and innovation.