Actuary - Insurance Reserving (FTC 12 months)

Actuary Insurance Reserving

Duration: 12 months Fixed Term Contract

Location: London

Keywords: actuarial analysis, insurance reserving, collaborative team, stakeholder engagement, regulatory compliance, data-driven insights, process improvement, technical authority, strategic support, inclusive culture

Aspen is seeking a talented Actuary specialising in Reserving to join their London-based team, where your expertise will directly influence the company's strategic ambitions for sustainable portfolios and profitable growth. This is an exceptional opportunity to work within a values-driven organisation renowned for its commitment to excellence, collaboration, and professional development. You will play a pivotal role in delivering high-quality actuarial analysis, supporting key business decisions, and ensuring robust governance standards are met. Join Aspen's respected actuarial reserving team in London and contribute to shaping the future of insurance reserving through expert analysis and collaborative problem-solving. Play a key part in driving process improvements, supporting regulatory compliance, and influencing strategic decision-making at both operational and executive levels.

What you'll do:

• As a Reserving Actuary at Aspen in London, you will immerse yourself in the intricacies of multiple insurance portfolios while collaborating closely with colleagues across Claims, Underwriting, Finance, and other business units. Your day-to-day activities will involve synthesising data from various sources to develop robust reserve recommendations that underpin Aspen's financial strength. You will be responsible for guiding junior analysts through project milestones, ensuring deliverables meet both internal standards and regulatory requirements. By engaging with stakeholders at all levels-from operational teams to executive leadership-you will help translate complex actuarial findings into clear messages that drive informed decision-making.
• Develop a comprehensive understanding of Aspen's diverse insurance portfolios by analysing underlying business written, loss triggers, geographic concentrations, and significant insureds or reinsureds.
• Guide and support a team of analysts to ensure timely delivery of actuarial services aligned with business objectives and strategic plans.
• Integrate information from various internal teams-particularly Claims and Underwriting-to formulate well-founded reserve recommendations that reflect current business realities.
• Communicate complex actuarial analyses clearly to senior management and defend findings with confidence while fostering buy-in from key stakeholders.
• Engage regularly with teams outside the reserving unit-including Underwriting, Claims, and Finance-to provide actionable actuarial insights into portfolio profitability.
• Identify opportunities for process enhancement within the reserving function by reviewing documentation practices and exploring alternative approaches to estimating reserves.
• Serve as a trusted source of actuarial knowledge for colleagues across different departments, promoting best practice standards throughout the organisation.
• Support the articulation of legal and regulatory requirements impacting the actuarial team to inform technical decisions around risk appetite and underwriting strategy.
• Contribute actively to a collaborative team culture that reflects Aspen's core values of integrity, respect, accountability, and togetherness.
• Participate in wider initiatives such as reinsurance remediation projects or database reconciliations as prioritised by senior actuarial management.

What you bring:

• To excel as an Reserving Actuary at Aspen, you will bring not only deep technical expertise but also a genuine enthusiasm for collaborative problem-solving. Your proven track record in applying sophisticated actuarial methodologies within general insurance contexts will be complemented by your ability to interpret complex data sets using advanced analytical tools.
• Expert knowledge of actuarial analysis techniques across reserving, within general insurance settings is essential for this role.
• Proven experience manipulating large datasets using advanced Excel functions or similar analytical tools is required to deliver accurate reports efficiently.
• Demonstrated proficiency in simulation techniques relevant to pricing loss-sensitive product features enhances your ability to provide nuanced insights.
• A thorough understanding of industry best practices in actuarial modelling, analysis, and underwriting ensures alignment with Aspen's high standards.
• Clear written and verbal communication skills are vital for structuring insights into compelling messages tailored for diverse audiences including senior management.
• Experience managing people or resources effectively within corporate or consulting environments supports your ability to guide junior analysts successfully.
• Ability to produce detailed reports at varying levels of complexity enables you to inform both technical teams and non-technical stakeholders alike.
• Fellowship (or equivalent qualification) from the Institute of Actuaries or similar recognised body demonstrates your commitment to professional excellence.
• Extensive background in general insurance involving data analysis, systems implementation or project delivery equips you for Aspen's multifaceted challenges.
• Preferred academic background in fields emphasising analytical thinking and effective communication further strengthens your candidacy.

What sets this company apart:

Aspen stands out as an employer due to its unwavering dedication to fostering an inclusive culture where every voice is heard and respected. The company places immense value on collaboration-not just within teams but across all functions-ensuring that employees benefit from shared knowledge and collective wisdom. Professional development is actively encouraged through access to training opportunities and exposure to challenging projects that stretch your capabilities. Aspen's leadership is known for being approachable and supportive; they champion flexible working arrangements wherever possible so that employees can achieve balance between personal commitments and professional aspirations.

What's next:

If you are ready to take on a rewarding challenge where your expertise shapes the future of insurance reserving at one of London's most respected insurers, we encourage you to apply now! Apply today by clicking on the link provided-your next career move awaits at Aspen. We are committed to creating an inclusive recruitment experience. If you have a disability or long-term health condition and require adjustments to the recruitment process, our Adjustment Concierge Service is here to support you. Please reach out to us at adjustments@robertwalters.com to discuss further. This position is being recruited on behalf of our client through our Outsourcing service line. Resource Solutions Limited, trading as Robert Walters, acts as an employment business and agency, partnering with top organizations to help them find the best talent. We welcome applications from all candidates and are committed to providing equal opportunities.