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Lead Actuary

QBE Management Services (UK) Limited
Posted 9 hours ago, valid for 3 days
Location

London, Greater London EC1R 0WX

Salary

ÂŁ65,000 - ÂŁ78,000 per annum

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Contract type

Full Time

Retirement Plan

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Sonic Summary

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  • The position is for a Lead Actuary at QBE in London/Leeds, offering a full-time, permanent role focused on providing expert actuarial advice and managing a team of up to 5 people.
  • Candidates should have post-qualification experience with the Institute and Faculty of Actuaries or an equivalent body, along with a background in London Market or General Insurance.
  • The role includes responsibilities such as delivering quarterly reserving advice, supporting business planning discussions, and maintaining relationships with key stakeholders.
  • The salary for this position is competitive, although the specific amount is not mentioned in the job description.
  • The ideal candidate should have at least several years of relevant experience in actuarial analysis, modelling, and underwriting, with a strong understanding of risks and uncertainties in the actuarial field.

Primary Details

Time Type: Full time Worker Type: Employee The purpose of this role is to provide expert actuarial advice to business units, ensuring technical excellence in biannual reserving advice, business planning, and deep dives into portfolio segments. Additionally, the role involves developing relationships with key stakeholders, direct line management responsibilities of up to 5 people, coaching student actuaries, and supporting the Senior Reserving Manager as needed. The role also includes taking ownership of relationships with underwriters, claims, and finance representatives, leading a team of actuaries, and providing professional guidance on reserving advice, business planning, and portfolio analysis.

Lead Actuary

London/Leeds

Permanent (Hybrid)

At QBE, our purpose is to enable a more resilient future.

We are an international insurer and reinsurer with a local presence in 27 countries.

The Opportunity: 

We're looking for a Lead Actuary to join our Reserving team on a full time, permanent basis.

Your new role:

Reporting to the Senior Reserving Manager, you'll provide actuarial advice to the relevant business units and point of contact with key Underwriter, Claims and Finance representatives. You'll deliver quarterly reserving advice, input into business planning, reserve variability and business partnering to undertake portfolio analyses into relevant segments of the portfolio, supporting actuarial manager as required.

Other responsibilities:

  • Supporting the Motor, Liability, Packages & Credit reserving team
  • Focussing on the following aspects of the portfolio:
  • Delivery of reserving results and post reserving processes
  • Delivery of regular actual vs. expected analysis
  • Reserving and UW variability parameterisation in conjunction with the capital team
  • Supporting business planning discussions
  • Performing ad-hoc portfolio analyses on key portfolios of interest
  • Building and maintaining relationships with internal and external stakeholders to improve customer focus
  • Clearly communicating results, key issues, sensitivities and uncertainties
  • Coaching and management of junior team members

About You:

  • Post Qualified Institute and Faculty of Actuaries or equivalent body
  • Understanding of industry best practice in actuarial analysis, modelling and underwriting
  • London Market / General Insurance background
  • Knowledge of UK Motor & Liability insurance business would be an advantage
  • Ability to effectively co-ordinate and work across a wide range of teams and departments
  • Understanding of compliance issues
  • Understanding of risks and uncertainty of actuarial work
  • Understanding of developments in the actuarial profession
  • Understanding of accounting environment and regulatory regimes

Why QBE? At My Best? 

?At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”.It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA.?? 

#LI-Hybrid

We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner. We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.?? 

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 and welcome this conversation (https://careers/flex-qbe/).? 

With more than 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, where people are down-to-earth, passionate, and kind.?? 

To find out more about why you should work for QBE, visit ourcareers website. 

At My Best - QBE Benefits? 

You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally.? As well as the benefits below we also offer an extensive choice of other options to suit you!?? 

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, this can include 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

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By applying, a Reed account will be created for you. Reed's Terms & Conditions and Privacy policy will apply.