At a Glance
- Tasks: Lead the end-to-end reserving process and collaborate with senior leadership.
- Company: Simply Business, a tech-driven insurance company supporting small businesses.
- Benefits: Flexible work-life balance, generous leave, and competitive salary with bonuses.
- Other info: Inclusive culture that values diverse backgrounds and encourages personal growth.
- Why this job: Make a real impact in a dynamic role with high autonomy and growth potential.
- Qualifications: Qualified actuary with experience in non-life insurance and strong technical skills.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Join to apply for the Actuarial Reserving Manager role at Simply Business. This is a 14 to 15-month fixed-term contract with high autonomy and impact, responsible for the end-to-end reserving process and direct collaboration with senior leadership to support financial strength and strategic agility.
Responsibilities
- Own and manage the full end-to-end reserving process, conduct monthly and quarterly reviews, and assess reserve adequacy.
- Lead the annual profit share process, including accurate calculations and liaison with insurance capacity providers.
- Work closely with the Finance team to ensure accurate and timely actuarial inputs for financial reporting, while maintaining auditable processes.
- Collaborate with the Risk Pricing team to ensure consistency and identify growth opportunities that protect performance.
- Conduct deep-dive claims analysis to identify trends and inform wider business strategy.
- Ensure the reserving function is always “audit ready”, with clear documentation and compliance.
Qualifications
- A qualified actuary (FIA or equivalent) with post-qualification experience in non-life (GI) insurance or reinsurance.
- Significant experience in actuarial reserving and profit share arrangements, with a strong technical and commercial grounding.
- Skilled in R, Python, or SAS and comfortable building and validating actuarial models.
- Proficient in SQL, with the ability to work directly with complex data to drive meaningful insights.
- A strong communicator who can present actuarial findings clearly to non-technical stakeholders, including senior leadership.
- Detail-oriented, highly organized, and focused on ensuring compliance and process integrity.
We encourage people of all different backgrounds and identities to apply. We are committed to maintaining an inclusive, supportive place for you to be you and do your very best work.
About Simply Business
We insure small businesses and enable big dreams – not just for our customers, but for our people and communities too. With over 1,000,000 active insurance policies, we protect builders, bakers, landlords and more than 1,200 other trades. We’re a technology company as well as one that sells insurance. That means we build, we fail, we learn and we improve. We’re a B Corp too, which recognises our strong track record of having a positive impact on people, society and the environment.
Benefits
We offer a great work-life balance with a manageable workload and hybrid flexibility. Benefits include:
- 25 days annual leave (plus bank holidays) with option to buy five more days.
- Flexible parental leave with six months full pay to the primary caregiver and four weeks full pay for secondary caregiver.
- Life event leave and a two-week paid sabbatical after five years, then four weeks after ten years.
- Private medical insurance through BUPA and a health cash plan.
- Competitive salary based on experience, with the potential for an annual bonus.
- Learning platform access and mental health support with counselling.
- Pension employer contributions up to 5%, life assurance (up to 10x salary with options), and a tax-free sum via life assurance.
- Salary sacrifice car scheme and a flexible benefits scheme for additional coverage (critical illness, dental, travel, gym, etc.).
Ready to join us and drive our success as a high-performing team? Apply today.
Actuarial Reserving Manager employer: Simply Business
Simply Business is an exceptional employer that champions a supportive and inclusive work culture, offering a flexible hybrid working environment that promotes a healthy work-life balance. With a commitment to employee growth, we provide extensive benefits including generous annual leave, competitive salaries, and access to learning platforms, ensuring our team members can thrive both personally and professionally while making a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Reserving Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Simply Business. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Actuarial Reserving Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Simply Business.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Simply Business's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Simply Business
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Simply Business.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Simply Business will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Simply Business employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
