Senior P&C Reserving Actuary - London
Salary: up to £120,000
A leading international insurance and reinsurance organisation is looking to appoint a Senior P&C Reserving Actuary to join its UK actuarial team in London.
This is a broad, high-profile role offering significant exposure across a diverse P&C portfolio, with responsibility for approximately £3.5bn of reserves across 12 legal entities .
The successful candidate will play a key role in quarterly reserving, financial and regulatory reporting, business partnering and actuarial transformation.
The Role
You will be responsible for delivering high-quality reserving analysis across multiple lines of business, while working closely with Underwriting, Claims, Finance, Risk and Pricing.
Key responsibilities will include:
- Delivering quarterly technical reserving analysis across multiple P&C lines.
- Providing actuarial insight into reserve movements, trends and emerging claims experience.
- Working directly with Underwriters to challenge assumptions and communicate actuarial judgement and recommendations.
- Supporting UK and European legal entities across UK GAAP, French GAAP, Solvency II and Solvency UK reporting.
- Contributing to annual portfolio reviews and actuarial reporting.
- Supporting regulatory, audit and governance requirements, including responding to auditor queries and supporting audit defence.
- Supporting a significant actuarial transformation programme and identifying opportunities for automation and process improvement.
- Working closely with international actuarial, claims, underwriting, finance and risk teams.
- Mentoring and supporting more junior members of the actuarial team.
About You
We are looking for a qualified P&C actuary who combines strong technical reserving capability with commercial awareness and excellent stakeholder management skills.
You will ideally have:
- FIA, FCAS, FIAA or equivalent qualification.
- Significant P&C reserving experience.
- Experience working within the London Market or Specialty insurance environment
- Strong knowledge of UK GAAP, French GAAP, Solvency II and/or Solvency UK.
- Knowledge of IFRS 17.
- Experience analysing and explaining financial impacts and reserve movements.
- Confidence working directly with senior Underwriters and challenging assumptions constructively.
- Strong understanding of P&C insurance and reinsurance products and reserving methodologies.
- Experience of actuarial software, with ResQ experience particularly beneficial.
What We're Looking For
This is not a purely technical or back-office reserving position.
We are looking for someone who is commercial, proactive and comfortable taking ownership . You should enjoy understanding the story behind the numbers, working with Underwriters and other business stakeholders, and translating actuarial analysis into meaningful business insight.
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Senior P&C Reserving Actuary in London employer: Oliver James Group
As a leading player in the insurance sector, our client offers a dynamic work environment that fosters professional growth and development. Employees benefit from a comprehensive range of perks, including competitive salaries, robust training programmes, and a strong emphasis on work-life balance. The collaborative culture encourages innovation and allows team members to make meaningful contributions to the company's success.
