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!