Reserving Actuary

Tokio Marine HCC International; England; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading specialty insurance group in Aldgate, London, is hiring a Reserving Actuary to support the UK actuarial function. The role involves managing the reserving process for Financial Lines, delivering SolvencyII provisions, and collaborating with various stakeholders to enhance actuarial practices. Candidates should have at least 3 years of reserving experience, a relevant degree, and communication skills. This is a hybrid role with flexible working options, allowing for 3 days in the office and 2 days working from home.

Qualifications

• Minimum of 3 years post-qualified core reserving experience in London Market P&C lines.
• Thorough knowledge of SolvencyII and Lloyd's guidance for syndicate reserves.
• Advanced proficiency in Microsoft Office, particularly Excel.

Responsibilities

• Support quarterly reviews of Financial Lines reserves across TMHCC's International Group.
• Liaise with stakeholders to improve actuarial processes.
• Delivery of SolvencyII technical provisions and regulatory returns.

Skills

Written and verbal communication

Analytical skills

Commercial awareness

Statistical techniques

Problem-solving

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics or related field

Fellow of the Institute and Faculty of Actuaries (FIA) or Fellow of the Casualty Actuarial Society (FCAS)

Tools

Microsoft Excel

SQL

VBA

Python

PowerBI

Job description

Reserving Actuary – Tokio Marine HCC International

Location: Aldgate, London

Position Type: Permanent, 35 hours per week

Hybrid: 3 days in the office, 2 days working from home

Job Purpose

Reporting into the Head of International Reserving to support the UK actuarial function in all aspects of the reserving process, with a specialised focus on the high‑profile Financial Lines account, and evaluation of SolvencyII technical provisions across the International Group.

Key Responsibilities

• Supporting quarterly reviews of Financial Lines reserves for business written across TMHCC’s International Group platforms and performing peer reviews of other product lines (e.g., Energy, Marine, Property, Treaty, Accident & Health, Credit, Surety, Professional Indemnity, and Liability lines).
• Leading ad‑hoc deep‑dive portfolio analyses and other relevant projects, including continuing to enhance the existing Financial Lines claims watchlist process, and feeding back insights to the wider business.
• Liaising with stakeholders across the company to improve processes and enhance the reputation of the actuarial team.
• Delivery of SolvencyII technical provisions and related regulatory/Lloyd’s returns.
• Identifying and leading technical and wider process enhancements to increase the efficiency and impact of existing processes.
• Supporting periodic analysis of reserve risk to quantify and communicate the range of uncertainty around the actuarial best estimate and to support the parameterisation of key inputs to the internal capital model.

Additional Role Expectations

• Contribute to the growth of intellectual capital within the actuarial department through participation in professional development initiatives and events, and sharing of specialized expertise with other members of the team.
• Demonstrate accountability and a forward‑looking approach in the execution of work, ensuring processes are intuitive, dynamic and scalable, with appropriate audit trails.
• Provide ad‑hoc support to other business lines during quarterly reviews as required.

Essential Skills and Experience

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics or a related field.
• Fellow of the Institute and Faculty of Actuaries (FIA), Fellow of the Casualty Actuarial Society (FCAS) or similar.
• Minimum of 3 years post‑qualified core reserving experience involving practical application of actuarial methods and statistical techniques used in reserving of London Market P&C lines, including Financial Lines.
• Excellent written and verbal communication skills.
• Commercial awareness and knowledge of industry, legal and technical developments relevant to TMHCC’s business, enabling proactive responses to changing business environments.
• Thorough knowledge of the regulatory environment, including SolvencyII responsibilities and Lloyd’s guidance for syndicate reserves.
• Strong analytical skills, with aptitude for detail and advanced problem‑solving.
• Advanced proficiency and experience with Microsoft Office (Excel, Access, PowerPoint, Word).
• Programming aptitude / experience (e.g., VBA, SQL, Python, R or similar).

Desirable Skills and Experience

• Proficiency and experience working with ResQ, Psicle and PowerBI.

Key Responsibilities – Additional Information

• Appropriate application of actuarial loss reserving techniques and expert judgement.
• Collaboration with claims management on the latest claims watchlist to incorporate findings into reserving estimates.
• Review of existing techniques and tools in the Financial Lines reserving process, identifying opportunities for enhancements.
• Timely delivery and communication of results to management, relevant committees and heads of the Financial Lines business unit.
• Participation in drafting formal TAS‑compliant reports produced by the UK actuarial function.
• Coordination and review of analysts’ work on other lines, providing timely performance feedback and training to ensure high professional standards.
• Collaboration with other group functions (e.g., Finance, Business Intelligence and Risk) as necessary.
• Co‑ordination with actuarial teams in the United States to ensure relevant International actuarial input is timely.
• Identification and implementation of technical and process enhancements to increase the efficiency of the reserve review process and controls around data quality.
• Ongoing development and enhancement of actuarial methods and diagnostic tools applied in reserving analyses, monitoring claims watchlist items and loss trends.
• Maintenance and further development of detailed documentation of reserving assumptions, methodology and actuarial procedure documents.
• Support with ad‑hoc requests from management, regulators and auditors, including liaising with external actuaries for the annual Statement of Actuarial Opinion for TMHCC Syndicate4141.

About Tokio Marine HCC

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, and other locations. With the strength and stability that comes from being a member of the Tokio Marine Group, we offer important insurance products that most people do not even know exist.

The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.