Reserving Actuary

SCOR UK Company Limited; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

SCOR UK Company Limited is seeking an ambitious actuary to join their Reserving team. The successful candidate will lead the analysis of technical reserves and manage various reserving projects. A minimum of 7 years of experience in a Lloyd's/London Market reserving role is essential, along with strong knowledge of GAAP and Solvency II.

The role requires proficiency in actuarial software and a demonstrated ability to mentor junior team members. SCOR promotes a culture of diversity and inclusion.

Qualifications

• Post qualified with at least 7 years’ experience in a Lloyd’s/London Market reserving role.
• Established knowledge of GAAP, Solvency II and Solvency UK.
• Proficient in ResQ and advanced Microsoft Office skills.

Responsibilities

• Lead the analysis of technical reserves quarterly.
• Manage reserving projects and improvements to models.
• Assist with annual UK portfolio review and actuarial report.
• Mentor junior team members.

Skills

Fellow of the Institute and Faculty of Actuaries FIA

GAAP knowledge

Solvency II knowledge

Knowledge of regulatory requirements

Understanding of P&C (re)insurance

Project management

Actuarial software proficiency (ResQ)

Advanced proficiency in Microsoft Office Suite

Coding in VBA, SQL, Python

Education

7 years experience in Lloyd’s/London Market reserving role

Job description

The jobholder will be an ambitious actuary who wants to work as part of a Reserving team, providing a wide range of actuarial reserving services for non‑Lloyd’s entities. A key part of the role will be working on quarterly reserving, assisting on a wide variety of Reserving Projects.

Responsibilities

Lead the analysis of the technical reserves on a quarterly basis for multiple lines of business.

Lead reserving projects, such as automation of current processes and modelling of specific lines of business.

Lead reporting for SCOR UK and SCOR Europe boards and other governance bodies as required.

Lead improvements of certain models, visualisation tools and dashboards.

Annual review of the UK portfolio and contribute to the actuarial report for the various UK and European legal entities.

Carry out regular or ad‑hoc studies for specific segments.

Work closely with claims team, finance team, underwriters and underwriting management and other members of the actuarial team to develop, review and maintain appropriate tools and methodologies.

Communicate with external Actuaries, Auditors and external regulators when required. Be able to respond to auditor queries and undertake audit defence to UK audit standards.

Help enhance management information and reporting for the PRA and ACPR.

Communicate key movement/trends/events to the business on a quarterly basis.

Mentor, grow and develop junior members of the team.

Qualifications

Post qualified, i.e. Fellow of the Institute and Faculty of Actuaries FIA (or equivalent being FCAS, FIAA) with at least 7 years’ experience within a Lloyd’s/London Market reserving role.

Established, strong knowledge of GAAP, Solvency II and Solvency UK.

IFRS17 knowledge.

Knowledge of regulatory requirements and an understanding of how they impact on the business.

Strong knowledge and delivery professional standard requirements.

Strong understanding of P&C (re)insurance and reserving practices and products.

Significant experience in understanding, explaining and analysing financial impacts and drivers of change.

Experience managing projects and effectively representing your department.

Demonstrated ability to identify and implement departmental processes and controls and ensure that these are appropriately documented.

Proficient in actuarial software, database and reporting tools including ResQ.

Demonstrated ability to understand complex actuarial models.

Advanced proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).

Desired ability to code in VBA, SQL, Python and use Gen AI.

• Posting Date 06/01/2026, 10:26 AM
• Locations Level 6, London, United Kingdom, EC2N 4BQ, GB

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.