Reserving Actuary
London or Leeds
Permanent (Hybrid)
About QBE
At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch.
We’re an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner.
What if you could have a positive impact – at work and in the world? As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind.
Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.
The opportunity
We're 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'll provide actuarial advice to the relevant business units, developing relationships with key stakeholders and ensuring technical quality of work undertaken.
You'll 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, drives toward 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 their 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. This is to include adopting efficient and consistent actuarial models and process and / or technologies where appropriate
Plan and execute existing projects with multiple components with minimal direction
Manages own workflow and works largely independently, escalating for support when needed
Build relationships with internal and external stakeholders to improve customer focus
Understand developments in wider Actuarial community to stay abreast of current development
Keep bigger picture in mind, with ability to think through longer term implications and contribute to team strategic planning
Understands impact of regulatory environment on technical work
About you
You'll have an experience of working within the actuarial function in a multinational financial services business, ideally within GI. You'll understand industry best practice in actuarial analysis, modelling and underwriting, and risk and compliance issues.
Skills you'll 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
#reserving #actuary #generalinsurance #giactuary
Benefits
We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from:
30 days holiday a year with the option to buy up to 2 additional days.
Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.
Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.
To find out more visit our Reward Page
#LI-Hybrid
Awards & Recognition
We value our employee’s experience with us and are proud to have been recognised for the following awards:
Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards for our Respect@QBE program
Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year,
Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance
AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year
Working Dads Employer Awards 2023 Winner: Parental Policies Award
Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee
You can view all our awards here
Apply now and let’s make it happen!
If you’re looking for a career that combines your expertise and your empathy, click Apply today.
Your career. At the heart of it.
Skills:
Actuarial Science, Analytical Thinking, Critical Thinking, Decision Making, Financial Products, Intentional collaboration, Managing performance, Price Modelling, Problem Solving, Process Improvements, Risk Management, Sound Judgment, Stakeholder Management, Statistical Analysis Software (SAS), Waterfall ModelHow to Apply:
To submit your application, click "Apply" and follow the step by step process.
Equal Employment Opportunity:
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
