12month Contract - Senior Reserving Actuary/Mgr
Posted 2 weeks ago by Bolton Associates
£1,400 Per day
Undetermined
Undetermined
City Of London, England, United Kingdom
Summary: Company A, a prestigious global Lloyd’s market insurer/reinsurer, is seeking an experienced Reserving Actuary to manage the quarterly syndicate reserving process for a 12-month engagement. The role involves leading the reserving process, ensuring compliance with Lloyd’s and Solvency II requirements, and mentoring a team of analysts. This position offers a significant opportunity to contribute to the company's Lloyd’s reserving operations during a critical phase. The successful candidate will report directly to the Chief Actuary.
Key Responsibilities:
- Lead and manage the end-to-end reserving process across multiple Lloyd’s syndicates.
- Ensure timely and accurate delivery of quarterly reserves and associated technical provisions under Lloyd’s and Solvency II reporting requirements.
- Oversee the preparation and review of QMA, QMB, ASR, and QSR returns.
- Liaise closely with finance, claims, and underwriting teams to validate assumptions and key inputs.
- Manage and mentor a small team of analysts and junior actuaries, providing oversight, development, and review.
- Support regulatory engagement, internal model validation, and audit queries as needed.
- Maintain and enhance reserving governance, documentation, and controls in line with Lloyd’s expectations.
Key Skills:
- Qualified Non-Life Actuary or qualified by experience, with strong Lloyd’s reserving experience.
- Proven experience managing syndicate reserving cycles and technical provision calculations.
- Comfortable leading processes independently and interacting with senior stakeholders.
- Strong working knowledge of Lloyd’s reporting requirements and relevant reserving software (e.g. ResQ).
- Ability to work in a fast-paced environment with changing priorities.
Salary (Rate): £1400/day
City: City Of London
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
Company A prestigious global Lloyd’s market insurer/reinsure is seeking an experienced Reserving Actuary to support and manage the quarterly syndicate reserving process over a 12-month engagement. This role sits within the actuarial function and will report directly to the Chief Actuary.
About the Role This is an excellent opportunity to join a respected global insurer and make a significant contribution to their Lloyd’s reserving operations during a key phase.
- Responsibilities
- Lead and manage the end-to-end reserving process across multiple Lloyd’s syndicates.
- Ensure timely and accurate delivery of quarterly reserves and associated technical provisions under Lloyd’s and Solvency II reporting requirements.
- Oversee the preparation and review of QMA, QMB, ASR, and QSR returns.
- Liaise closely with finance, claims, and underwriting teams to validate assumptions and key inputs.
- Manage and mentor a small team of analysts and junior actuaries, providing oversight, development, and review.
- Support regulatory engagement, internal model validation, and audit queries as needed.
- Maintain and enhance reserving governance, documentation, and controls in line with Lloyd’s expectations.
Qualifications Qualified Non-Life Actuary or qualified by experience, with strong Lloyd’s reserving experience.
Skills Proven experience managing syndicate reserving cycles and technical provision calculations. Comfortable leading processes independently and interacting with senior stakeholders. Strong working knowledge of Lloyd’s reporting requirements and relevant reserving software (e.g. ResQ). Ability to work in a fast-paced environment with changing priorities.
Pay range and compensation package £1100 - £1400/day
Equal Opportunity Statement We are committed to diversity and inclusivity. You must be eligible to work in the UK without being sponsored to be considered.