Lead Reserving Actuary

NACBA; Greater London; Hybrid; GBP 110,000 - 150,000; Full time

Job summary

NACBA is seeking an experienced reserving actuary to own the reserving function across Lloyd's and London Market classes. You will lead quarterly reserving, review analyses, and present results to senior management while driving governance, documentation, and automation initiatives.

The role also involves mentoring junior actuaries, supporting regulatory reporting, and partnering with underwriting and finance to shape portfolio strategy.

Qualifications

• FIA qualified or equivalent is required.
• Strong Lloyd's/London Market reserving experience essential.
• Able to lead reserve reviews and present recommendations to senior stakeholders.
• Experience managing projects and mentoring junior actuarial staff is preferred.
• Solid understanding of regulatory and financial reporting requirements.
• Commercial mindset with ability to translate technical findings into business insight.
• Excellent communication and stakeholder management skills.

Responsibilities

• Lead the quarterly reserving process across Lloyd's/London Market classes.
• Review reserve analyses and recommend booking levels.
• Present results to senior management and stakeholders.
• Own reserving governance, documentation and validation processes.
• Provide reserving insights to underwriting, identifying risks and opportunities.
• Support regulatory reporting, audits, and Solvency UK deliverables.
• Collaborate with Finance on financial reporting and planning.
• Drive continuous improvement and automation in reserving.
• Develop and coach junior actuarial colleagues.
• Act as main contact for external auditors and stakeholders.
• Contribute to wider actuarial and strategic initiatives.

Skills

Reserving experience

Leadership

Stakeholder management

Communication skills

Commercial mindset

Project management

Mentoring juniors

Education

FIA Qualified

Job description

This is a high-profile opportunity for an experienced reserving actuary to take ownership of the reserving function across a diverse specialty portfolio. You'll work closely with senior stakeholders across underwriting, finance and executive leadership, providing insight that directly influences business decisions and portfolio strategy.

The role offers a blend of technical reserving work, stakeholder management and team leadership, making it an excellent opportunity for someone looking to further develop their influence within a growing business.

Key Responsibilities

• Lead the quarterly reserving process across multiple Lloyd's and London Market classes.


• Review reserve analyses, recommend appropriate booking levels and present results to senior management.


• Own reserving governance, documentation and validation processes.


• Provide reserving insights to underwriting teams, identifying trends, emerging risks and areas of opportunity.


• Support regulatory reporting, audit requirements and Solvency UK deliverables.


• Partner closely with Finance on financial reporting and business planning activities.


• Drive continuous improvement and automation initiatives within the reserving function.


• Manage and develop more junior actuarial team members.


• Act as a key point of contact for external auditors and other stakeholders.


• Contribute to wider actuarial and strategic projects across the business.

About You

• FIA qualified (or equivalent).


• Strong reserving experience within the Lloyd's and/or London Market.


• Comfortable leading reserve reviews and communicating recommendations to senior stakeholders.


• Experience managing projects and, ideally, mentoring or managing junior actuarial team members.


• Strong understanding of regulatory and financial reporting requirements.


• Commercial mindset with an ability to translate technical findings into actionable business insight.


• Excellent communication and stakeholder management skills.

What's on Offer?

• Genuine opportunity to shape reserving processes and influence business strategy.


• Joining a team with a great internal reputation, and a business with an excellent culture.


• High visibility role.


• Hybrid working model with 2-3 days per week in the London office.


• Competitive salary, bonus and benefits package.