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For Companies At a Glance
- Tasks: Forecast technical provisions and support business analysis for Lloyd's syndicates.
- Company: Join a leading insurance firm with a focus on innovation and collaboration.
- Benefits: Enjoy competitive salary, flexible working options, and professional development opportunities.
- Why this job: Make a real impact in the actuarial field while developing your skills and career.
- Qualifications: Actuarial degree or mathematically focused degree; experience in general insurance reserving preferred.
- Other info: Dynamic work environment with opportunities to coach and mentor student actuaries.
The predicted salary is between 36000 - 60000 ÂŁ per year.
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.
Primary Details
Time Type: Full time
Worker Type: Employee
Reserving Actuary
London or Leeds
Permanent (Hybrid)
The opportunity
We\’re looking for a Reserving Actuary to join our Actuarial Reserving team responsible for products across our International Markets 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, drives 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. This is to include adopting efficient and consistent actuarial models and process and / or technologies where appropriate.
- Plan and execute existing projects with multiple components with minimal direction.
- Manages own workflow and works 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.
- Understands impact of regulatory environment on technical work.
About You
You’ll have an 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
We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from:
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. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet\’s future, as well as your own.
Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.
To find out more visit our Reward Page
Awards & Recognition
We value our employee’s experience with us and are proud to have been recognised for the following awards:
Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards for our Respect@QBE program
Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year,
Winner: Reinsurer of the Year – QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year – Chris Wallace, Executive Director UK insurance
AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year
Working Dads Employer Awards 2023 Winner: Parental Policies Award
Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee
You can view all our awards here
Apply now and let’s make it happen!
If you’re looking for a career that combines your expertise and your empathy, click Apply today.
Your career. At the heart of it.
Skills
Actuarial Science, Analytical Thinking, Critical Thinking, Decision Making, Financial Products, Intentional collaboration, Managing performance, Price Modelling, Problem Solving, Process Improvements, Risk Management, Sound Judgment, Stakeholder Management, Statistical Analysis Software (SAS), Waterfall Model
How to Apply
To submit your application, click \”Apply\” and follow the step by step process.
Equal Employment Opportunity
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
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Reserving Actuary employer: QBE Europe
Contact Detail:
QBE Europe Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary
✨Network Like a Pro
Get out there and connect with people in the actuarial field! Attend industry events, join online forums, or even hit up LinkedIn. Building relationships with key stakeholders can really give you an edge when it comes to landing that Reserving Actuary role.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your analytical thinking and problem-solving skills. Share specific examples of how you've tackled complex actuarial challenges in the past. This will show them you're not just a number cruncher but a valuable asset!
✨Be Ready for the Deep Dive
Prepare yourself for those tricky technical questions during interviews. Brush up on your knowledge of reserving techniques and regulatory impacts. The more confident you are in discussing these topics, the better you'll impress your interviewers!
✨Apply Through Us!
Don't forget to apply through our website! We want to see your application and help you on your journey to becoming a Reserving Actuary. Plus, it’s a great way to ensure your application gets the attention it deserves!
We think you need these skills to ace Reserving Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reserving Actuary role. Highlight your relevant experience in general insurance reserving and stakeholder management. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Don't forget to mention any experience you have with actuarial analyses or predictive modelling.
Showcase Your Technical Skills: Since this role involves technical excellence, be sure to highlight your proficiency in actuarial science and any relevant software like SAS. We love seeing candidates who are comfortable with data and analytical thinking!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at QBE Europe
✨Know Your Numbers
As a Reserving Actuary, you'll be dealing with technical provisions and reserve margins. Brush up on your actuarial calculations and be ready to discuss how you approach forecasting and managing uncertainties. This will show your technical expertise and confidence in the subject matter.
✨Stakeholder Savvy
Building relationships is key in this role. Prepare examples of how you've successfully managed stakeholder relationships in the past. Think about how you can demonstrate your ability to communicate complex actuarial concepts clearly to non-actuaries, as this will be crucial in your new position.
✨Show Continuous Improvement Mindset
The job description mentions driving efficiencies and challenging the status quo. Come prepared with ideas or examples of how you've identified areas for improvement in previous roles. This will highlight your proactive approach and willingness to innovate within the actuarial processes.
✨Coaching Experience Counts
Since you'll be developing and coaching student actuaries, think about your past experiences in mentoring or training others. Be ready to share specific instances where you've provided guidance and feedback, showcasing your leadership skills and commitment to team development.
