Reserving Actuary

NHBC; Milton Keynes; Hybrid; GBP 80,000 - 110,000; Full time

Benefits offered by this job

27 days annual leave

Enhanced pension (up to 10.5%)

Life assurance

Private medical insurance

Employee discounts

Volunteer leave

Parental leave & pay

Job summary

NHBC is recruiting a Reserving Actuary to assess and report reserves across a 10-year new home warranty and insurance portfolio. They will work with the Head of Reserving to provide insights that guide senior decisions and influence planning, pricing, capital modelling and reinsurance.

The role offers hybrid working between Milton Keynes and London, with a strong focus on analytical rigor, stakeholder engagement and process improvement.

Qualifications

• Qualified actuary with several years' general insurance reserving experience.
• Strong analytical and problem-solving skills.
• Excellent communication with stakeholders at all levels.

Responsibilities

• Lead quarterly updates of Technical Provisions, including analysis and recommendations.
• Communicate reserving insights to senior stakeholders and committees.
• Support regulatory, reinsurance and business planning reporting.
• Provide reserve input into capital modelling, pricing and strategic initiatives.
• Work with Head of Reserving to plan and deliver the reserving cycle.
• Identify opportunities to improve reserving processes and drive efficiencies.
• Build relationships across the business and mentor junior team members.

Skills

Actuarial experience

Reserving experience

Stakeholder comms

Education

Actuarial qualification

Tools

SQL

Snowflake

Python/R

Job description

Overview

Job Role: Reserving Actuary

Salary: £80,000 - £110,000 + 10% performance bonus

Working Location: Milton Keynes / London, Hybrid working

Employment Type: Full Time, Permanent. Requests for flexible working arrangements can be discussed

Closing Date: 1st November

Job summary:

As a Reserving Actuary at NHBC, you’ll play a key role in assessing and reporting our reserves across our 10-year new home warranty and insurance portfolio. Working closely with the Head of Reserving, you’ll provide insight and recommendations that support senior decision-making across the business, while contributing to areas including business planning, pricing, capital modelling and reinsurance. This is a great opportunity for a qualified actuary with strong reserving experience to work on interesting technical challenges, influence key business decisions and help shape and improve our reserving processes.

What you’ll be doing:

• Lead and contribute to quarterly updates of Technical Provisions, including analysis and recommendations.
• Communicate key reserving insights and outcomes to senior stakeholders and committees.
• Support regulatory, reinsurance and business planning reporting.
• Provide reserve-related input into capital modelling, pricing and strategic initiatives.
• Work closely with the Head of Reserving to plan and deliver the reserving cycle.
• Identify opportunities to improve reserving processes and drive efficiencies.
• Build strong relationships across the business and mentor and support junior team members.

What we’re looking for:

• A qualified Actuary, or equivalent, with several years’ reserving experience in general insurance, either in-house or consultancy.
• Strong knowledge of actuarial techniques, market practice and the general insurance environment.
• Excellent analytical and problem-solving skills, with strong attention to detail.
• Confident communicator with experience engaging and presenting to stakeholders at all levels.
• Strong prioritisation skills and the ability to manage multiple priorities effectively.
• A proactive, resilient and innovative approach, with a willingness to improve existing processes.
• Strong IT and data skills, ideally including SQL and Snowflake.
• Experience with Python, R or similar would be desirable.
• A relevant degree or equivalent actuarial qualification.

What we offer

Our benefits package includes:

• 27 days annual leave + bank holidays
• holiday purchase scheme
• enhanced pension scheme (up to 10.5%)
• life assurance
• subsidised private medical insurance
• employee discounts platform
• two days volunteer leave
• enhanced maternity, paternity, adoption leave and pay for all new parents

+ many more!

Who we are

At NHBC, we pride ourselves on being truly unique. No other organisation in our sector matches the range of services and scale we provide. As the market leader, we are recognised as the go-to for new home warranties and insurance. Our team is united by a core purpose: to raise the standards of house building and protect homeowners.

Why you should join us

As a modern, family-friendly employer, we’re in a phase of rapid growth, embracing technology, data and new ways of working. We’re seeking passionate, skilled and driven individuals to join us on this exciting journey.

Once onboard, you’ll have access to fantastic opportunities for personal and career growth. You’ll receive thorough training, continuous development and the chance to earn recognised qualifications and professional memberships to support your journey.

We support flexible working and encourage our colleagues to find a balance that suits them. While we may not be able to accommodate every request, we’re always happy to have a conversation about flexible working arrangements.

Our inclusive culture

We are dedicated to fostering an inclusive culture where everyone feels empowered to bring their authentic selves to work. We firmly believe in the right of all our employees and customers to be treated fairly, with dignity and respect, and free from discrimination. Our active employee networks support colleagues and their allies, providing safe spaces for open conversations and idea-sharing.

We are a Disability Confident organisation committed to fair and inclusive recruitment. Our first step is to review applications to ensure candidates meet the essential criteria for the role. We assess skills, experience, and potential objectively, and provide support or reasonable adjustments where needed. Candidates who meet the criteria will progress to the next stage.

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