Reserving Analyst

AXA UK; City Of London; Hybrid; GBP 55,000 - 65,000; Full time

Job summary

A leading insurance firm in the UK is seeking a Reserving Analyst to provide technical support in reserving and performance monitoring. The role involves delivering analysis that supports strategic decision-making, validating MI data, and assisting in product profitability assessments. Candidates should be progressing through actuarial qualifications and possess strong analytical and communication skills. The position offers a competitive salary of up to £65,000, along with attractive benefits including a pension scheme and 28 days annual leave.

Benefits

Competitive salary

Annual bonus

Contributory pension scheme

Life Assurance

Private medical cover

28 days annual leave plus Bank Holidays

Wellbeing services

Employee discounts

Qualifications

• Typically progressing through the Actuarial qualification.
• Strong analytical and financial modelling skills.
• Good understanding of reserving principles and insurance accounting.

Responsibilities

• Support the estimation of current and future loss ratios.
• Assist in assessing product profitability.
• Design and deliver analysis for strategic initiatives.
• Validate and reconcile MI data for actuarial purposes.
• Contribute to audit methodologies.

Skills

Analytical skills

Financial modelling

Attention to detail

Effective communication

Proficiency in Excel

Education

Actuarial qualification (Trainee or near-qualified)

Relevant financial or insurance experience

Tools

SAS

Python

VBA

Job description

Description

At AXA, our actuarial team plays a vital role in ensuring sound reserving practices, accurate performance monitoring, and insightful analysis that underpin our financial stability and strategic decision-making. We’re committed to maintaining excellence in technical expertise, data accuracy, and innovative methodologies to support our retail insurance lines.

As a Reserving Analyst, you’ll provide technical support for reserving and performance monitoring within AXA’s retail lines. Working closely with the Reserving Actuarial team, you will deliver accurate analysis, support business decision-making, and help enhance processes and methodologies. This is an excellent opportunity to develop your actuarial skills, gain industry insight, and contribute to AXA’s financial resilience.

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means either attendance at one of our office locations, visiting clients or attending industry events.

What you’ll be doing:

• Support the estimation of current and future loss ratios, providing actuarial analysis to underpin reserving and loss ratio processes, in collaboration with SBUs and senior reserving teams
• Assist in assessing product profitability and line performance, supporting strategic decision-making across the retail insurance portfolio
• Design and deliver analysis that supports strategic initiatives, ensuring decisions are based on sound actuarial judgment and data insights
• Validate and reconcile MI data used for actuarial purposes, ensuring timeliness, accuracy, and completeness of reporting
• Support process improvements and methodological enhancements to meet evolving business and customer needs
• Contribute to audit methodologies, ensuring compliance with internal and external audit standards, including IFC controls and risk mitigation
• Support the quarterly reserve reviews and monthly performance reporting, fostering strong relationships with SBUs, Finance, MI, Claims, and Strategy teams
• Assist in maintaining documentation for internal and external audits, ensuring controls and risk mitigation practices are robust and up-to-date

Due to the number of applications we expect to receive for this role, we reserve the right to close this advert earlier than the listed closing date to ensure we’re able to effectively manage interest. Therefore, if you’re interested in joining us at AXA, please don’t hesitate to apply.

What you’ll bring:

• Typically progressing through the Actuarial qualification (e.g., Actuarial Trainee, Part-qualified or near-qualified Actuary), or with relevant financial or insurance qualifications and experience
• Strong analytical and financial modelling skills, with the ability to interpret complex data and technical issues
• Good understanding of reserving principles, performance monitoring, and insurance accounting
• Proficiency in Word, Excel, and actuarial tools such as SAS, Python, VBA, or similar software
• Excellent attention to detail and organizational skills, capable of managing multiple tasks under tight deadlines
• Effective communication skills, with the ability to influence and build relationships within and outside Finance and Actuarial teams
• Ability to grasp complex technical issues and translate them into clear, actionable insights
• A proactive, reliable team player committed to continuous learning and professional development

What we offer:

At AXA UK, we’re appreciative of the people who work for us and our rewards package is reviewed regularly to reflect that. You can expect to receive:

• Competitive annual salary of up to £65,000
• Annual company & performance-based bonus
• Contributory pension scheme (up to 12% employer contributions)
• Life Assurance (up to 10 x annual salary)
• Private medical cover
• 28 days annual leave plus Bank Holidays
• Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
• Wellbeing services & resources
• AXA employee discounts

To apply, click on the ‘apply for this job’ button, you’ll then need to log in or create a profile to submit your CV. We’re proud to be an Equal Opportunities Employer and don’t discriminate against employees or potential employees based on protected characteristics. If you have a long-term condition or disability and require adjustments during the application or interview process, we’re proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to [e-mail].

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Who we are:

AXA Commercial protects businesses, from multinationals to micro start-ups, giving them the confidence to thrive. We’re currently making our biggest ever investment to develop the expertise and skills we need to be the best. We’re a vibrant community where everyone is supported to learn, develop, and take ownership of their work.