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- 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.
- 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.
- Other info: Inclusive culture that values diverse backgrounds and encourages personal growth.
The predicted salary is between 36000 - 60000 ÂŁ 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.
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Actuarial Reserving Manager employer: Simply Business
Contact Detail:
Simply Business Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Reserving Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios specific to actuarial reserving. We recommend doing mock interviews with friends or mentors to build confidence and get feedback. The more prepared you are, the better you’ll perform!
✨Tip Number 3
Showcase your skills! Create a portfolio of your work, especially if you’ve built models in R, Python, or SQL. We love seeing real examples of your expertise, so don’t hesitate to share your successes during interviews.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always on the lookout for passionate candidates who align with our values, so make sure to highlight how you can contribute to our mission.
We think you need these skills to ace Actuarial Reserving Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Reserving Manager role. Highlight your relevant experience in actuarial reserving and any technical skills like R, Python, or SQL that match the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific projects or achievements that demonstrate your expertise in the end-to-end reserving process.
Showcase Your Communication Skills: Since you'll be presenting findings to non-technical stakeholders, make sure to highlight your communication skills in your application. Share examples of how you've successfully conveyed complex information in the past.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity at Simply Business!
How to prepare for a job interview at Simply Business
✨Know Your Numbers
As an Actuarial Reserving Manager, you'll need to be comfortable with complex data. Brush up on your R, Python, or SAS skills before the interview. Be ready to discuss how you've used these tools in past roles to drive insights and support decision-making.
✨Master the Art of Communication
You'll be presenting findings to non-technical stakeholders, so practice explaining complex actuarial concepts in simple terms. Think about examples from your experience where you successfully communicated technical information to senior leadership.
✨Showcase Your Audit Readiness
Since maintaining an 'audit ready' function is crucial, prepare to discuss how you've ensured compliance and process integrity in previous roles. Bring examples of documentation practices that have worked well for you.
✨Be a Team Player
Collaboration is key in this role, especially with the Finance and Risk Pricing teams. Think of instances where you've worked cross-functionally to achieve a common goal. Highlight your ability to identify growth opportunities while protecting performance.