The jobholder will be an ambitious actuary who wants towork as part of a Reserving team, providing a wide range of actuarial reserving services for SCCR’s Lloyd’s Syndicate.A key part of the role will be working on quarterly reserving, assisting on a wide variety of Reserving Projects. The role will play a pivotal part in the group reserving transformation flagship.
Responsibilities
Some of the key areas of responsibility are as follows:
Lead the analysis of the technical reserves on a quarterly basis for multiple lines of business
Lead reserving projects, such as automation of current processes and modelling of specific lines of business.Specifically, the contributing to the group transformation programme, leading the Syndicate and SBS components of this.
Lead reporting for SCOR Managing Agency boards and other governance bodies as required
Lead improvements of certain models, visualisation tools and dashboards
Lead the pattern and risk code review Syndicate portfolio and contribute to the actuarial report
Carry out regular or ad hoc studies for specific segments
Work closely with claims team, finance team, underwriters and underwriting management and other members of the actuarial team to develop, review and maintain appropriate tools and methodologies
Communicate with external Actuaries, Auditors and external regulators when required. Be able to respond to auditor and SAO queries and undertake audit defence to UK audit standards
Help enhance management information and reporting for the PRA and Lloyd’s of London
Communicate key movement/trends/events to the business on a quarterly basis
Mentor, grow and develop junior members of the team
Qualifications
- Post qualified i.e. Fellow of the Institute and Faculty of Actuaries FIA (or equivalent being FCAS, FIAA)with extensiveexperience within a Lloyd’s/London Market reserving role
Established, strong knowledge of UK GAAP, Lloyd’s requirements, Solvency II and Solvency UK.
IFRS17 knowledge
Knowledge of regulatory requirements and an understanding of how they impact on the business
Strong knowledge and delivery professional standard requirements
Strong understanding of P&C (re)insurance and reserving practices and products
Significant experience in understanding, explaining and analysing financial impacts and drivers of change
Experience managing projects and effectively representing your department
Demonstrated ability to identify and implement departmental processes and controls and ensure that these are appropriately documents
Proficient in actuarial software, database and reporting tools including ResQ
Demonstrated ability to understand complex actuarial models
Advanced proficiency in Microsoft Office Suite (Excel, Word, Powerpoint)
Desired ability to code in VBA, SQL, Python and use Gen AI
A team player and enjoys working at pace, in a collaborative environment with global teams (actuarial, risk, claims and underwriting at a minimum)
Strong organisational and planning skills with ability to meet multiple competing deliverables and manage projects
Flexible and agile
Able to think independently with an analytical mindset and excellent analytical skills.
Acts with integrity and can make a principled stand where required.
Strong technical skill set, passionate about innovation and proving processes
Excellent communication and interpersonal skills, verbal and written that enable the candidate to communicate effectively with colleagues (especially underwriters), brokers and clients on a cross-border basis.
Proactive, takes strong ownership and committed to delivery
Interested in career and skill development and
- Posting Date 09/03/2026, 08:59 AM
- Locations Level 6, London, United Kingdom, EC2N 4BQ, GB
About Us
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
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Syndicate Reserving Actuary in London employer: SCOR
SCOR is an exceptional employer that fosters a collaborative and inclusive work culture, where employees engage with top industry professionals to tackle significant societal challenges. With a strong commitment to employee growth, SCOR offers innovative training opportunities and encourages the integration of data science and AI in its processes, ensuring that team members are at the forefront of the reinsurance industry. Located in the UK, SCOR provides a dynamic environment that values diversity and supports individuals with disabilities, making it a truly rewarding place to build a meaningful career.
