Actuary: Reserve & Capital Modelling Expert

The Shipowners' Club; Greater London; Hybrid; GBP 70,000 - 120,000; Full time

Job summary

The Shipowners’ Club, a mutual insurer, is seeking an Actuary to join its Finance team in the UK. This non-life reserving role offers exposure to capital modelling, reinsurance, business planning and pricing, with genuine ownership of your work.

Qualified actuary (FIA or equivalent) with Solvency II/IFRS 17 experience is preferred. You will lead quarterly reserving, support regulatory reporting, and collaborate across finance and front office in a dynamic, inclusive environment.

Qualifications

• Qualified actuary (FIA or equivalent) with non-life experience.
• Experience in reserving, Solvency II and IFRS 17.
• Strong Excel and R proficiency.
• Excellent written and verbal communication skills.

Responsibilities

• Lead quarterly reserving process with data preparation, analysis and reports.
• Prepare quarterly Solvency II and IFRS 17 technical provisions inputs.
• Lead annual capital calculation and ORSA process, and regulatory returns.
• Support regular and ad-hoc regulatory information requests.
• Review and challenge current reserving methods and propose improvements.
• Support development of the pricing model and actuarial inputs for planning.
• Liaise with auditors to improve best practices and audit outcomes.

Skills

Communication skills

Analytical thinking

Independent worker

Team collaboration

Education

FIA or equivalent

Tools

Excel

R

Job description

The Shipowners’ Club, a mutual insurer, is seeking an Actuary to join its Finance team in the UK. This non-life reserving role offers exposure to capital modelling, reinsurance, business planning and pricing, with genuine ownership of your work.

Qualified actuary (FIA or equivalent) with Solvency II/IFRS 17 experience is preferred. You will lead quarterly reserving, support regulatory reporting, and collaborate across finance and front office in a dynamic, inclusive environment.