Reserving Actuary in London

Primary Details

• Time Type: Full time
• Worker Type: Employee
• Locations: London or Leeds
• Employment: Permanent (Hybrid)

About QBE

At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch. We’re an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner. What if you could have a positive impact – at work and in the world? As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind.

Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.

The Opportunity

We’re looking for a Reserving Actuary to join our Actuarial Reserving team responsible for products across our QBE Re division on a full time, permanent basis.

Your New Role

Reporting to the Reserving Manager, you’ll provide actuarial advice to the relevant business units, developing relationships with key stakeholders and ensuring technical quality of work undertaken. You’ll deliver quarterly reserving advice, input into business planning, reserve variability and business partnering to undertake deep dives into relevant segments of the portfolio, supporting the Actuarial Manager as required.

Other Responsibilities

• Perform the forecasting of technical provisions, reserve margins and reserve uncertainties to support business analysis/MI for reports and accounts, business planning, profitability studies and commutations.
• Support senior team members in working through complexity and explaining key assumptions to stakeholders.
• Support the development of student actuaries through formal and informal coaching and providing performance feedback to the reserving manager and professional guidance to junior team members.
• Identify areas for continuous improvement, drive toward efficiencies in process, challenge the status quo.
• Manage and monitor Actuarial processes, where applicable, to ensure their continued delivery and improvement.
• Ensure appropriate checks are performed within processes to minimise inaccuracies, both on their own work and the review of others.
• Use and assist with the development of appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced.
• Plan and execute existing projects with multiple components with minimal direction.
• Manage own workflow and work largely independently, escalating for support when needed.
• Build relationships with internal and external stakeholders to improve customer focus.
• Understand developments in wider Actuarial community to stay abreast of current development.
• Keep bigger picture in mind, with ability to think through longer term implications and contribute to team strategic planning.
• Understand impact of regulatory environment on technical work.

About You

You’ll have experience of working within the actuarial function in a multinational financial services business, ideally within GI. You’ll understand industry best practice in actuarial analysis, modelling and underwriting, and risk and compliance issues.

Skills You'll Need

• Experience in discussions with wider business and stakeholder management skills.
• Experience in the use and interpretation of numerical data.
• Experience in Excel and other analytical tools.
• Ability to develop sophisticated models to address business needs.
• Ability to question established processes and suggest improvements.
• Experience working in an agile manner, responsive to stakeholder requirements.
• Influencing and collaboration skills.
• Organisational skills.

Benefits

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
• Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
• Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
• Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
• Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
• Sustainable investing – we believe sustainable integration is important for long term financial, environmental, and social outcomes.
• Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select a bike and/or accessories up to the value of £5,000.

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.