Chief Reserving Actuary

Time Type: Full time

Worker Type: Employee

Chief Reserving Actuary

Location: London

The Opportunity:

We have an exciting opportunity to join QBE as Chief Reserving Actuary to lead the European Operations (“EO”) division reserving team.

Our Chief Reserving Actuary will:

• Provide leadership in actuarial reserving techniques and methodologies, while developing a high-quality team of actuary professionals, in providing value added reserving advice.
• Take ownership of, and accountability for, the end-to-end reserving process and reporting within EO.
• Take ownership of, and accountability for, change projects within the Reserving team, along with providing subject matter expertise on wider Finance transformation programmes.
• Manage, own and lead the operation of the Actuarial function’s responsibilities in accordance with the UK regulatory requirements.

Your New Role:

• Advise executive management and senior business leaders on recommended reserve levels based on actuarial analysis.
• Advise the board of the EO entities on the recommended reserve levels.
• Build and maintain relationships with EO executives, the QBE Group Chief Actuary, senior business leaders and portfolio managers.
• As a member of the finance leadership team in EO, proactively engage with the CFO and the other members of the leadership team:
• To provide timely insights on emerging issues and output based actuarial reserving analysis.
• To advise on the progress of change projects within reserving.
• Assist in the business direction by contributing to financial planning with strategies to support portfolio optimisation and sustainable growth.

• Establish and maintain a robust actuarial reserving control framework to ensure EO:
• Comply with all material legal and regulatory requirements on reserving.
• Adhere to relevant actuarial standards, policies, procedures and market practice.
• Meet EO and/or global internal reporting requirement.
• Adopt consistent Actuarial models and processes where appropriate.
• Ensure the QBE Group complies with statutory obligations by the timely preparation and submission of returns and reports requiring EO actuarial reserving input and/or approval.
• Build and maintain relationships with the other divisional chief reserving actuaries and key external stakeholders.
• Responsible for the Actuarial Function under Solvency II (UK).
• Responsible for technical provisions for all EO entities as required.
• Lead the Actuarial function across EO, to ensure that people, resources and processes are aligned with business needs.
• Establish clear accountabilities and authority levels for direct reports and lead, motivate and develop a strong culture of accountability and performance.
• As needed, represent EO in any transactions for all negotiations of major actuarial reserving significance.

About You:

Required Licenses/Certifications:

• Chief Actuary Certificate from Institute and Faculty of Actuaries.

Preferred Competencies/Skills:

• Strong interpersonal and communication skills.
• Ability to lead, manage and develop a team.
• Commercial acumen.
• Ability to contribute to the development of strategy for the business.
• Ability to persuade, influence and negotiate with internal and external stakeholders.
• Excellent project management skills.

Preferred Education Specifics: Degree in a mathematically focused area.

Preferred Experience:

• Fellow of a recognized actuarial body.
• Solid experience in working with senior level staff and regulators.
• Sound commercial judgement.
• Substantial experience in managing the Actuarial function in a multinational financial services business.

Preferred Knowledge:

• Expert knowledge of the insurance industry and existing products.
• Expert knowledge of industry best practice in actuarial analysis, modelling and underwriting.
• Detailed understanding of business process strategic planning and compliance issues.
• Strong understanding of the long-term trends in actuarial analysis, modelling and underwriting.

Why QBE?

At QBE, we want our people to feel rewarded and inspired to perform at their best. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. Our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you.

We’re an international insurer that’s building momentum towards realizing our vision of becoming the most consistent and innovative risk partner.

QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job. We have adopted flexible working across the company.

With more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace.

At My Best - QBE Benefits:

• 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.
• 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 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: our pension strategy supports our net-zero goal.
• Cycle-to-Work: benefit from regular exercise whilst making your commute greener and cheaper.

QBE Awards:

Some of the awards QBE is proud to have won include:

• Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year, Winner: Reinsurer of the Year - QBE Re.
• 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.

Inclusion of Diversity:

We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce.

Accessibility:

Here at QBE, we are promoting an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process.

What Next?

If you have a passion to contribute to QBE’s vision, we encourage you to apply! Simply click the “apply” button to submit your CV and other relevant documents.

We believe this is our moment – what if it was yours too?

APPLY NOW and let’s make it happen!

Skills:

Actuarial Science, Analytical Thinking, Coaching for success, Critical Thinking, Financial Risk Management (FRM), Influencing, Intentional collaboration, Managing performance, Navigating ambiguity, Negotiation, Risk Management, Strategic Leadership, Strategic Management, Strategic Planning, Strategic Thinking.

Application Close Date: 24/10/2025 11:59 PM

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.