Reserving Actuary (9 month FTC)

Reserving Actuary (9 month FTC)

Full-Time 60000 - 70000 £ / year (est.) No working from home possible
MS Amlin

At a Glance

  • Tasks: Oversee reserving calculations, investigate movements, and report outcomes for financial performance.
  • Company: MS Amlin is a leading (re)insurer with over 120 years of experience in complex risk management.
  • Benefits: Enjoy hybrid working, a flexible schedule, and a competitive base salary with performance-related bonuses.
  • Other info: Position based in London on a full-time, fixed-term contract for 9 months.
  • Why this job: This role offers the chance to improve processes and insights within a pivotal reserving team.
  • Qualifications: Experience in an actuarial role with strong logical reasoning and excellent communication skills required.

The predicted salary is between 60000 - 70000 £ per year.

Our Reserving team plays a key role in our evolving business. The team is crucial to financial and regulatory reporting and is pivotal in providing insight on our business performance. The Reserving Actuary is responsible for delivery of specific aspects of the reserving process, including overseeing reserving calculations, investigating movements, reviewing and improving the effectiveness of processes, and reporting outcomes and conclusions.

About The Job

  • Innovation and Insight
    • Review and advocate for updates to processes that make them more efficient and/or effective.
    • Define analysis to meet outcomes specified by management, including innovative analysis to understand emerging risks.
    • Work with other teams to improve the insight provided by the team and the reserving exercise.
  • Management and Analysis
    • Manage the scope and delivery of reserving projections to provide estimates for use in financial reporting and consideration of business performance.
    • Manage data governance processes to ensure data quality and contribute to consideration of new reserving tools/processes, including opportunity to work with new tools and software.
    • Direct analysis to consider outcomes on different basis, including GAAP, Solvency II and IFRS 17.
  • Communication
    • Lead interactions with claims and underwriting to ensure results are accurate, understood and drive appropriate actions.
    • Make clear recommendations for management action.
    • Engage with external parties including regulators, auditors and other reviewers to ensure high confidence in reserving results.
  • Role Modelling and Culture
    • Role model the actuarial team culture of high performance and inclusivity.

You’re going to enjoy this job if you…

  • Readily take accountability for delivery of outcomes.
  • Want to have impact on improving processes and insights.
  • Enjoy problem solving and considering the best way to achieve defined outcomes.
  • Have an inquisitive mind and question what you are doing and why.
  • Can communicate complicated concepts effectively in person and in writing.
  • Have a high attention to detail and accuracy.

What you’ll need:

  • Experience in an actuarial role considering appropriate analysis and solving problems (does not have to be in reserving).
  • Good logical reasoning skills coupled with commercial acumen.
  • The ability to translate complicated considerations into clear actions for the reserving team or management.
  • Excellent communication skills.

What Can You Expect From Us?

  • Competitive base salary and performance‑related discretionary bonus.
  • Benefits: hybrid working, flexible schedule, 3 days a week in office.

Hybrid Working

Our hybrid working model allows flexibility to blend where you work. Teams typically work three days a week in the office.

DE&I at MS Amlin

We build a workplace where all talent is welcomed and everyone has the opportunity to influence how the business works. Dedicated employee resource groups support our Diversity, Equity and Inclusion goals. We are a founding partner of Lloyd’s Inclusive Futures programme to support Black and ethnically diverse people in the industry.

About MS Amlin

MS Amlin is a leading (re)insurer and part of the global MS&AD Group, with operations across Lloyd’s of London, the Middle East and Asia Pacific. With over 120 years of experience, we support businesses facing complex and demanding risks, providing continuity in an uncertain world. Our expertise covers Property, Casualty, Marine, Crisis Management, Natural Resources and Reinsurance, backed by strong underwriting capabilities and deep sector knowledge. At the core of our claims service is TRUST – Transparency, Responsiveness, Understanding, Solution‑driven thinking, and Technical expertise.

Reserving Actuary (9 month FTC) employer: MS Amlin

Located in London, MS Amlin supports diversity through dedicated employee resource groups and is a founding partner of Lloyd’s Inclusive Futures programme. The company focuses on providing innovative solutions in Property, Casualty, Marine, and more, ensuring a supportive environment for all employees.

MS Amlin

Contact Details:

MS Amlin Recruitment Team

We think you need these skills to ace Reserving Actuary (9 month FTC)

Actuarial Analysis
Reserving Calculations
Data Governance
Financial Reporting
GAAP
Solvency II
IFRS 17