Reserving Analyst

RSA; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

An established industry player is seeking a Reserving Analyst to join their Finance team in a hybrid role. This position is pivotal in conducting high-quality actuarial analysis that informs reserve reviews and bookings. The ideal candidate will possess strong communication and problem-solving skills, with a keen ability to work independently and collaboratively. You'll have the chance to engage with senior actuaries and stakeholders, making a meaningful impact on the team. Join a forward-thinking organization that prioritizes employee well-being and offers a diverse range of benefits, fostering a culture of respect and inclusion.

Benefits

Pension contributions up to 11%

Flexible working hours

Continuous development opportunities

Inclusive work environment

Qualifications

• Good communication and stakeholder management skills are essential.
• Numeracy, mathematical, and problem-solving skills are required.

Responsibilities

• Conduct high-quality actuarial analysis for reserve review processes.
• Support wider Corporate Actuarial work and embrace new technologies.

Skills

Communication Skills

Stakeholder Management

Numeracy

Mathematical Skills

Problem-Solving

Independent Work

Education

Actuarial Trainee

Part-Qualified Actuary

Tools

Excel

Emblem

Radar

VBA

R

Earnix

Job description

Introduction

At RSA, we believe insurance is about people, not things. We provide our inspiring colleagues the support and opportunity to grow together, shape the future, and win as a team. We are going through a transformation journey, providing our people with opportunity to be integral to improving our service and delivering better products to brokers and customers. We are a proud member of the Intact family, we feel part of something bigger, with a presence in North America, the UK and Europe.

We have a bold ambition to become the best Commercial Lines business in the UK, demonstrated by our recent acquisition of NIG and Farmweb, allowing us to scale by leveraging our combined financial strength and importantly ensure our people feel the benefits of our joint capabilities.

We are currently recruiting for a Reserving Analyst to join our established and experienced Finance team here at RSA on a hybrid basis.

Your role

The key purpose of the Reserving Consultant role and the Reserving Analyst role is to carry out high-quality actuarial analysis that feeds into the reserve review and booking process. Role holders will be involved in the reserve input process in order to ensure the best quality information and insight is available for the reserve review work. You will be involved in the reserve output process and be required to explain the results of their work and what it means to senior actuaries and stakeholders throughout the business.

Although dedicated to "reserving class towers", Reserving Consultants and Analysts will support wider Corporate Actuarial work as necessary and embrace new technology, techniques and processes to help drive continuous change and improvement. Consultants and Analysts will periodically rotate between different "reserving class towers" to spread knowledge and expertise, and to provide variety of work.

Analysts will typically be around the actuarial trainee or part-qualified actuary level, whereas Consultants will typically be around the nearly or newly qualified actuary level. The key difference is Consultants will be able to work with increased responsibility and require less direction. Consultants will be expected to guide and support Analysts in achieving their goals.

About you

To be successful in this role you will need good communication skills, coupled with stakeholder management skills. You will have good numeracy, mathematical and problem-solving skills, with the ability to work independently and as part of a wider team.

You will have good technology skills and having exposure to any of the following tools would be beneficial but not essential, (e.g. Excel, Emblem, Radar, VBA, R, Earnix etc).

You will need to be able to challenge standard thinking, as well as being an independent, self-starter.

What we offer you

At RSA we put our people first. We have adopted hybrid working as standard, to give you a better work/life balance and an excellent flexible working mindset. That is on top of a comprehensive range of benefits, including pension contributions of up to 11% looking after you now, and in the future.

We'll give you countless opportunities to continuously develop, alongside a diverse and passionate community of experts - the best the industry has to offer. You'll be empowered to be your best self, do your best work, and make a meaningful impact. Our employee promise allows you to shape the future, win as a team, and grow with us.

About Us

We celebrate individuality and it is important to us that we have a culture where our people feel respected and valued for who they are. We pride ourselves on being accessible and encourage inclusive environments where our people can always give and show the very best of themselves.

We understand that home life is a priority and are happy to consider reduced hours or job shares.

If you think you would be a great fit for us, but do not meet all the requirements of the role, please contact us as we would love to discuss how RSA could be the next step in your career journey.

As a Disability Confident employer, we will ensure that a fair and proportionate number of disabled applicants that meet the minimum criteria for this position will be offered an interview.

If you wish to be considered under the scheme then please answer yes to the question Do you wish to be considered under the Disability Confident Scheme? in RSAs application form.

Please let us know if there are any changes we could make to the application process to make it easier and more comfortable for you. Contact our recruitment team so we can work with you to support you throughout your application.