Head of Reserving

Head of Reserving – Reserving – London – Hybrid – Salary up to £170,000 I am currently working with a growing Lloyds Market Syndicate who are looking for a Head of Reserving to join and head up their current team of 4. They are looking for someone that understands a range of business lines as well as someone to make Reserving their own! This position is based in London 3 days per week with remote options and is paying up to £170,000 + bonus! Responsibilities: Deliver quarterly reserving process outputs, presenting to key stakeholders. Provide allocation, support and mentorship for the Reserving Actuary team. Monitor emerging trends in claims using market and internal data, incorporating insights into reserving assumptions. Drive transformation project. Drive strategic data usage and development. Develop internal MI tools such as dashboards to facilitate cross-team understanding and insights. Manage the SQL reserving process, implementing improvements and conducting annual deep dives to enhance quarterly reporting. Update Reserve Risk parameters quarterly. Lead the actuarial aspects of year-end financial audits. Provide actuarial expertise in project teams, ensuring initiatives are grounded in thorough analysis of benefits and risks. Serve as the primary contact for technical provision-related issues, particularly concerning claims reserves and past claims experience. Ensure all actuarial activities adhere to policies, regulatory frameworks, and standards, escalating concerns as necessary. Qualifications and experience: Proven experience in reserving/technical provisions. FIA qualification or equivalent professional experience. Strong knowledge and experience in general insurance; reinsurance knowledge is advantageous. Experience in liaising with external auditors. Proficiency in Microsoft Excel, database analysis (e.g., Access or SQL), Power BI, and practical experience in at least one programming language (e.g., VBA/R/Python). Excellent analytical skills with the ability to focus on relevant detail while keeping sight of the bigger picture. Effective time management skills, capable of managing multiple tasks and conflicting priorities. Exceptional interpersonal skills with a track record of building relationships with diverse stakeholders. If you’re passionate about actuarial science and driving impactful decision-making in the insurance industry, please apply now!