Reserving Manager

QBE Insurance; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

30 days holiday a year

Flexible working

Pension

Private medical insurance

Family friendly policies

Short term remote work abroad

Sustainable investing

Cycle-to-Work

Job summary

QBE Insurance is seeking a Reserving Manager to lead the Actuarial Reserving team in a full-time, permanent role. You will own reserving advice, manage relationships with underwriters, claims and finance, and develop a skilled actuarial team within QBE Re.

The role is based in London or Leeds with a hybrid working model. You will influence business planning, portfolio analysis, and drive technical excellence across quarterly reserving and governance processes.

Qualifications

• Senior actuarial experience in a multinational financial services organisation.
• Strong leadership and stakeholder engagement capabilities.
• Advanced Excel and modelling skills to build and interpret complex reserves.

Responsibilities

• Provide expert actuarial advice on reserving, including quarterly and half-yearly provisions.
• Lead and develop a team of actuaries and manage stakeholder relationships (underwriters, claims, finance).
• Drive continuous improvement of models, processes and governance within the reserving function.
• Ensure regulatory compliance and robust governance over actuarial outputs.
• Support business planning and portfolio analysis and communicate key uncertainties.

Skills

Advanced Excel

Actuarial leadership

Stakeholder management

Analytical skills

Education

Fellow of the Institute of Actuaries

Tools

Actuarial software

Portfolio modelling tools

Job description

Primary Details

Time Type: Full timeWorker Type: Employee

Reserving Manager QBE Re

Full time/ Perm

Leeds or London / Hybrid

About QBE

At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch.

We’re an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner.

What if you could have a positive impact – at work and in the world? As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind.

The opportunity

We’re looking for a Reserving Manager to join our Actuarial Reserving team, supporting products across our QBE Re division on a full‑time, permanent basis.

This is a key role within the function, offering the opportunity to take ownership of reserving advice, lead stakeholder relationships, and influence business planning and portfolio analysis across the division. You’ll play a central role in ensuring technical excellence, supporting senior leaders, and developing actuarial capability within the team.

Your new role

Reporting to the Head of Reserving: QBE Re, you’ll provide expert actuarial advice to the business, ensuring high technical quality in quarterly reserving, business planning and deep‑dive portfolio analysis. You’ll take ownership of relationships with underwriters, claims and finance, while leading and developing a team of actuaries.

You’ll act as a trusted advisor, supporting informed decision‑making and contributing to the ongoing development and strategic direction of the reserving function.

Key responsibilities:

• Deliver high‑quality reserving advice, including half-yearly reserving, business planning and portfolio deep dives.
• Forecast technical provisions, reserve margins and reserve uncertainty to support reporting, accounts, planning and commutations.
• Act as a trusted advisor to underwriters, claims and finance, building strong and effective stakeholder relationships.
• Ensure technical excellence, clear articulation of assumptions and appropriate consideration of materiality.
• Lead and develop actuarial team members, providing coaching, feedback and career guidance.
• Oversee actuarial processes and controls to ensure robust governance, accuracy and regulatory compliance.
• Drive continuous improvement by enhancing models, processes, systems and ways of working.
• Contribute to business discussions, identifying key uncertainties and providing insight to support decision‑making.
• Manage delivery against agreed timelines, taking ownership and accountability for outputs.
• Stay abreast of regulatory developments and actuarial best practice, reflecting these in technical work.

About You

You’ll have significant experience working within an actuarial function in a multinational financial services organisation, ideally within General Insurance. You’ll bring strong technical expertise, leadership capability and the confidence to engage and influence senior stakeholders.

Skills and experience you’ll need:

• Effective communication skills and active participation in wider business discussions.
• Ability to influence and persuade, both directly and indirectly.
• Ability to work independently while collaborating effectively within a team.
• Strong organisational skills, with the ability to manage own workload and that of others.
• Agile and responsive approach while working within defined procedures.
• Willingness to challenge established processes and suggest improvements.
• Advanced Excel and analytical tool skills, with the ability to build sophisticated models.
• Strong numerical analysis and data interpretation skills.
• Fellow of the Institute of Actuaries or equivalent.
• Significant experience within an actuarial function in a multinational financial services organisation.

Benefits

We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from:

30 days holiday a year with the option to buy up to 2 additional days.

Flexible working -balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.

Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.

Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.

Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.

Short term remote work abroad -you can request up to 20 days per year to work remotely from certain locations abroad.

Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.

Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.

To find out more visit our Rewarding our people - QBE European Operations

Awards & Recognition

We value our employee’s experience with us and are proud to have been recognised for the following awards:

General Insurer of the Year 2026 at the British Insurance Awards

Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards for our Respect@QBE program

Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year, Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance

AXCO Global Insurance Awards 2024 Winner: Network Management of the Year

Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer

UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year

Working Dads Employer Awards 2023 Winner: Parental Policies Award

Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee

You can view all our awards here

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.