Reserving Analyst

AXA UK plc; City of Westminster; Hybrid; GBP 55,000 - 65,000; Full time

Job summary

A leading insurance company in the UK is seeking a Reserving Analyst to provide technical support for reserving and performance monitoring. This role involves collaboration with the actuarial team in delivering innovative analysis and strategic insights for the retail insurance portfolio. Candidates should have strong analytical skills, a good understanding of reserving principles, and proficiency in actuarial tools like SAS and Python. The position offers a competitive salary up to £65,000 along with various employee benefits.

Benefits

Competitive annual salary

Performance-based bonus

Contributory pension scheme

28 days annual leave

Private medical cover

Qualifications

• Typical progression through the Actuarial qualification or relevant financial qualifications.
• Ability to interpret complex data and technical issues.
• Good understanding of reserving principles and insurance accounting.

Responsibilities

• Support the estimation of current and future loss ratios.
• Assist in assessing product profitability and line performance.
• Design and deliver analysis that supports strategic initiatives.

Skills

Analytical skills

Financial modelling skills

Attention to detail

Effective communication

Education

Actuarial qualifications or relevant financial insurance qualifications

Tools

SAS

Python

VBA

Excel

Word

Job 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

We recognize and appreciate the exceptional efforts of our people in protecting what matters most to our customers. In exchange we offer a series of core and supporting benefits designed to empower our people to thrive professionally and personally.

We believe in hiring people who possess the appropriate skills and values that align with our vision. Our selection process is fair and equitable, ensuring that all candidates have an equal opportunity to join us. We are dedicated to promoting diversity and inclusion, and we actively encourage applications from individuals of all backgrounds. As an Equal Opportunities Employer, we take pride in treating our employees and potential hires with respect and without discrimination based on any Protected Characteristics. AXA UK are recognized as a Disability Confident Leader. We actively encourage applications from people who face barriers in the workplace due to a disability or long‑term health condition. We participate in the Disability Confident 'Offer of Interview' scheme.

Qualifications

• Typical progression 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

Benefits

• 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 × 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
• Well‑being services & resources
• AXA employee discounts