Senior P&C Reserving Actuary

Senior P&C Reserving Actuary - London

Salary: up to £120,000

A leading international insurance and reinsurance organisation is looking to appoint a Senior P&C Reserving Actuary to join its UK actuarial team in London.

This is a broad, high-profile role offering significant exposure across a diverse P&C portfolio, with responsibility for approximately £3.5bn of reserves across 12 legal entities
.

The successful candidate will play a key role in quarterly reserving, financial and regulatory reporting, business partnering and actuarial transformation.

You will be responsible for delivering high-quality reserving analysis across multiple lines of business, while working closely with Underwriting, Claims, Finance, Risk and Pricing.

Key responsibilities will include:

• Delivering quarterly technical reserving analysis across multiple P&C lines.
• Providing actuarial insight into reserve movements, trends and emerging claims experience.
• Working directly with Underwriters to challenge assumptions and communicate actuarial judgement and recommendations.
• Supporting UK and European legal entities across UK GAAP, French GAAP, Solvency II and Solvency UK reporting.
• Contributing to annual portfolio reviews and actuarial reporting.
• Supporting regulatory, audit and governance requirements, including responding to auditor queries and supporting audit defence.
• Supporting a significant actuarial transformation programme and identifying opportunities for automation and process improvement.
• Working closely with international actuarial, claims, underwriting, finance and risk teams.
• Mentoring and supporting more junior members of the actuarial team.

We are looking for a qualified P&C actuary who combines strong technical reserving capability with commercial awareness and excellent stakeholder management skills.

You will ideally have:

• FIA, FCAS, FIAA or equivalent qualification.
• Significant P&C reserving experience.
• Experience working within the London Market or Specialty insurance environment
• Strong knowledge of UK GAAP, French GAAP, Solvency II and/or Solvency UK.
• Knowledge of IFRS 17.
• Experience analysing and explaining financial impacts and reserve movements.
• Confidence working directly with senior Underwriters and challenging assumptions constructively.
• Strong understanding of P&C insurance and reinsurance products and reserving methodologies.
• Experience of actuarial software, with ResQ experience particularly beneficial.

This is not a purely technical or back-office reserving position.

We are looking for someone who is commercial, proactive and comfortable taking ownership
. You should enjoy understanding the story behind the numbers, working with Underwriters and other business stakeholders, and translating actuarial analysis into meaningful business insight.