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- Tasks: Join our Actuarial Reserving team and provide expert actuarial advice.
- Company: QBE, a global insurer with a human touch and innovative culture.
- Benefits: 30 days holiday, flexible working, private medical insurance, and sustainable investing options.
- Why this job: Make a real impact in a dynamic environment while developing your actuarial skills.
- Qualifications: Experience in actuarial functions and strong analytical skills required.
- Other info: Opportunities for career growth and professional development in a supportive team.
The predicted salary is between 36000 - 60000 £ per year.
At QBE, we get to the heart of what matters for our customers. We are an international insurer with more than 13,000 people working across 26 countries. It’s an exciting time as we build momentum towards our vision to become the most consistent and innovative risk partner.
We are 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 will provide actuarial advice to the relevant business units, developing relationships with key stakeholders and ensuring technical quality of work undertaken. You will 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 towards 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 your 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 your 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 the wider Actuarial community to stay abreast of current development.
- Keep the bigger picture in mind, with the ability to think through longer-term implications and contribute to team strategic planning.
- Understand the impact of the regulatory environment on technical work.
About you
You will have experience of working within the actuarial function in a multinational financial services business, ideally within GI. You will understand industry best practice in actuarial analysis, modelling and underwriting, and risk and compliance issues.
Skills you will 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:
- 30 days holiday a year with the option to buy up to 2 additional days.
- Flexible working opportunities including part-time, job share and compressed hours.
- Pension plan with employer contributions of 10% of your basic salary.
- Private medical insurance for you and your family.
- Family friendly policies offering 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
- Short term remote work abroad - request up to 20 days per year to work remotely from certain locations abroad.
- Sustainable investing aligned with our net-zero goal.
- Cycle-to-Work scheme.
Awards & Recognition
We value our employee's experience and are proud to have been recognised for various awards.
If you’re looking for a career that combines your expertise and your empathy, click Apply today.
Reserving Actuary in Street employer: QBE
Contact Detail:
QBE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving Actuary in Street
✨Tip Number 1
Network like a pro! Reach out to current or former employees at QBE on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills and industry knowledge. Be ready to discuss how your experience aligns with the role of a Reserving Actuary and how you can contribute to QBE's goals.
✨Tip Number 3
Show off your soft skills! QBE values collaboration and stakeholder management, so be sure to highlight your ability to work well with others and communicate complex ideas clearly during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the QBE team.
We think you need these skills to ace Reserving Actuary in Street
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Reserving Actuary role. Highlight relevant experience and skills that match the job description, like your actuarial expertise and stakeholder management skills. We want to see how you can make an impact!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our mission at QBE. Keep it engaging and personal – we love a good story!
Showcase Your Analytical Skills: Since this role involves a lot of data analysis, be sure to showcase your analytical skills in your application. Mention any tools or methodologies you’ve used, especially Excel and modelling techniques. We’re keen to see how you tackle complex problems!
Apply Through Our Website: Don’t forget to apply 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 serious about joining the QBE team!
How to prepare for a job interview at QBE
✨Know Your Numbers
As a Reserving Actuary, you'll be dealing with a lot of numerical data. Brush up on your Excel skills and be prepared to discuss how you've used data analysis in previous roles. Think about specific examples where your analytical skills made a difference.
✨Understand the Business
Familiarise yourself with QBE's business model and the insurance industry as a whole. Be ready to discuss how your role as a Reserving Actuary fits into the bigger picture and how you can contribute to their vision of being an innovative risk partner.
✨Build Relationships
Stakeholder management is key in this role. Prepare to talk about your experience in building relationships with various stakeholders. Think of examples where you successfully influenced decisions or collaborated on projects.
✨Show Continuous Improvement Mindset
QBE values innovation and efficiency. Be ready to discuss how you've identified areas for improvement in past roles. Share specific instances where you challenged the status quo and implemented changes that led to better outcomes.
