Reserving Actuary

Time Type: Full time

Worker Type: Employee

Position: Reserving Actuary

Location: London or Leeds

Type: Permanent (Hybrid)

About QBE

At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch.

We’re an international insurer with more than 13,000 people working across 26 countries. This means we’re big enough for your ambitions, yet small enough for you to make a real impact.

It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner.

As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented, and kind.

Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.

The opportunity

We are looking for a Reserving Actuary to join our Actuarial Reserving team responsible for products across our International Markets division on a full-time, permanent basis.

Your new role

Reporting to the Reserving Manager, you will provide actuarial advice to the relevant business units, developing relationships with key stakeholders and ensuring technical quality of work undertaken.

You will deliver quarterly reserving advice, input into business planning, reserve variability, and business partnering to undertake deep dives into relevant segments of the portfolio, supporting the Actuarial Manager as required.

Other responsibilities:

• Perform the forecasting of technical provisions, reserve margins, and reserve uncertainties to support business analysis/MI for reports and accounts, business planning, profitability studies, and commutations.
• Support senior team members in working through complexity and explaining key assumptions to stakeholders.
• Support the development of student actuaries through formal and informal coaching and providing performance feedback to the reserving manager.
• Identify areas for continuous improvement, drive toward efficiencies in process, and challenge the status quo.
• Manage and monitor Actuarial processes, where applicable, to ensure their continued delivery and improvement.
• Ensure appropriate checks are performed within processes to minimize inaccuracies, both on their own work and the review of others.
• Use and assist with the development of appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced.
• Plan and execute existing projects with multiple components with minimal direction.
• Manage own workflow and work largely independently, escalating for support when needed.
• Build relationships with internal and external stakeholders to improve customer focus.
• Understand developments in the wider Actuarial community to stay abreast of current developments.
• Keep the bigger picture in mind, with the ability to think through longer-term implications and contribute to team strategic planning.
• Understand the impact of the regulatory environment on technical work.

About you

You will have experience working within the actuarial function in a multinational financial services business, ideally within GI. You will understand industry best practices in actuarial analysis, modeling, underwriting, and risk and compliance issues.

Skills you will need:

• Experience in discussions with wider business and stakeholder management skills.
• Experience in the use and interpretation of numerical data.
• Experience in Excel and other analytical tools. Ability to develop sophisticated models to address business needs.
• Ability to question established processes and suggest improvements.
• Experience working in an agile manner, responsive to stakeholder requirements.
• Influencing and collaboration skills.
• Organizational skills.

Benefits

We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee, you will have access to and benefit from:

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, including part-time, job share, and compressed hours.

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 your family.

Family-friendly policies: we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation, 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: we believe sustainable integration is important for long-term financial, environmental, and social outcomes.

Cycle-to-Work: benefit from regular exercise whilst making your commute greener and cheaper, select a bike and/or accessories up to the value of £5,000.

Awards & Recognition

We value our employees’ experience with us and are proud to have been recognized for various awards:

Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards for our Respect program.

Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year, Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance.

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.

Apply now and let’s make it happen!

If you’re looking for a career that combines your expertise and your empathy, apply today.

Your career. At the heart of it.

Skills: Actuarial Science, Analytical Thinking, Critical Thinking, Decision Making, Financial Products, Intentional Collaboration, Managing Performance, Price Modelling, Problem Solving, Process Improvements, Risk Management, Sound Judgment, Stakeholder Management, Statistical Analysis Software (SAS).

Equal Employment Opportunity:

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