Chief Reserving Actuary

QBE; Greater London; On-site; GBP 100,000 - 150,000; Full time

Job summary

A leading insurance company in London seeks a Chief Reserving Actuary to lead the European Operations division reserving team. The role involves providing expert leadership in actuarial reserving, managing regulatory compliance, and ensuring high-quality reserving processes. Candidates should have a valid Chief Actuary Certificate, strong communication skills, and experience in financial services. This position promises a strategic role within a dynamic environment, contributing significantly to the business's financial health.

Qualifications

• Chief Actuary Certificate from the Institute and Faculty of Actuaries required.
• Fellow of a recognized actuarial body preferred.
• Substantial experience in multinational financial services.

Responsibilities

• Lead the European Operations division reserving team.
• Advise on reserve levels based on actuarial analysis.
• Ensure compliance with UK regulatory requirements.

Skills

Strong interpersonal and communication skills

Team leadership and management

Commercial acumen

Project management skills

Education

Degree in a mathematically focused area

Job description

Primary Details

Time Type: Full time

Worker Type: Employee

Position: 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 to provide value‑added reserving advice.

Take ownership of and accountability for the end‑to‑end reserving process and reporting within EO (including business written on entities not within the EO corporate structure e.g. QBE Re business written in the US and Bermuda).

Lead change projects within the Reserving team and provide subject‑matter expertise on wider Finance transformation programmes.

Manage and lead the operation of the Actuarial functions in accordance with UK regulatory requirements (including Lloyds) and the provision of Line 1 reserving responsibilities to the Actuarial Function Holder for QBE Europe SA / NV.

Your New Role

Advise executive management and senior business leaders on recommended reserve levels based on actuarial analysis.

Chair the EO Reserving Management Group and the EO Inflation Management Group; attend the EO Underwriting Management Group and EO Risk & Capital Management Group, and lead the reserving working group in the division.

Advise the board of the EO entities on recommended reserve levels; attend the Board Audit Committee and, where appropriate, the Board Risk & Capital Committee and Board.

Build and maintain relationships with EO executives, the QBE Group Chief Actuary, senior business leaders, portfolio managers, underwriters, claims managers and other leaders across enabling functions to meet service delivery expectations.

As a member of the finance leadership team in EO, proactively engage with the CFO and other members of the leadership team to:

• Provide timely insights on emerging issues and output‑based actuarial reserving analysis
• Advise on the progress of change projects within reserving (EO and across the enterprise) including highlighting dependencies across wider finance transformation programme and/or other change programmes in EO
• Assist in the business direction by contributing to financial planning with strategies to support portfolio optimisation and sustainable growth, including effective reinsurance programmes and capital utilisation

Establish and Maintain a Robust Actuarial Reserving Control Framework

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 requirements.

Adopt consistent actuarial models and processes (e.g. reserving, business planning, portfolio analysis) and/or technologies 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 other divisional chief reserving actuaries and key external stakeholders (including industry and regulatory bodies) to enable appropriate consistency of process and adoption of best practice.

Responsible for the Actuarial Function under Solvency II (UK) including input to internal model processes for reserving as needed.

Responsible for technical provisions for all EO entities as required (e.g. IFRS 17 reporting to QBE Group local GAAP solvency).

Leadership and Development

Lead the Actuarial function across EO to ensure people resources and processes are aligned with business needs and fit for purpose.

Establish clear accountabilities and authority levels for direct reports and lead, motivate and develop a strong culture of accountability and performance to ensure delivery of business goals, and support the continuing personal and professional development of all team members.

Represent EO in any transactions (e.g. M&A reinsurance solutions) for all negotiations of major actuarial reserving significance.

About You

Required Licenses / Certifications

• Chief Actuary Certificate from the Institute and Faculty of Actuaries to comply with SMF20 Chief Actuary requirements under SM&CR. As a Senior Management Function holder to perform the role in accordance with regulatory requirements including as to conduct.

Preferred Competencies / Skills

• Strong interpersonal and communication skills with the ability to communicate technical issues to lay audience.
• 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 both directly and indirectly with internal and external stakeholders.
• Excellent project management skills.

Preferred Education Specifics

Degree in a mathematically focused area.

Preferred Experience

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

Preferred Knowledge

• Expert knowledge of the insurance industry existing products and competitor 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.

Equal Employment Opportunity

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

Application

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

How to Apply: To submit your application click Apply and follow the step‑by‑step process.