Reserving Manager

Ki; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global algorithmic insurance carrier in Greater London is seeking a Reserving Manager to support quarterly reserving processes and lead a growing reserving team. The ideal candidate will have expert reserving knowledge and will be a qualified actuary with experience in commercial general insurance. This role offers a unique opportunity to input into the reserve transformation process using innovative techniques and data science. A highly competitive remuneration package is offered.

Benefits

Highly competitive remuneration

Benefits package

Recognition of extraordinary effort

Qualifications

• Creative thinker eager to lead and develop a growing reserving team.
• Qualified actuary with expert reserving knowledge.
• Sound commercial general insurance Lloyd's/company market experience.
• Advanced IT skills, particularly in MS Excel and VBA.
• Experience managing qualified and student actuaries is beneficial.

Responsibilities

• Support all quarterly reserving activities with clear audit trails.
• Provide actuarial insights through deep-dive reviews.
• Input into design and evolution of future state reserving.
• Enhance commercial insight using innovative techniques and data science.

Skills

Creative thinking

Leadership in reserving team

Expert reserving knowledge

Excellent IT skills

Prioritization and collaboration

Education

Qualified actuary (FIA, FFA or equivalent)

Tools

MS Excel

VBA

SQL

Python

R

Job description

Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Where you come in?

As Reserving Manager, you will support the Head of Reserving in the delivery of all aspects of quarterly reserving including the quarterly reserving process, internal and experimental reporting and providing relevant inputs from reserving into the IFRS17, Solvency II Technical Provisions and capital parameterisation. Our goal is to create a ‘best-in‑class’ reserving process utilising innovative techniques, data science and feedback from the wider business to continuously improve this process. You will also be responsible for the development of the Reserving Analyst.

What you will be doing : 🖋️

Within this role you will support all quarterly reserving activities, holding responsibility for ensuring appropriate methods, assumptions and judgements with clear justifications and audit trails. You will provide additional actuarial insight to the business in the form of targeted deep‑deep reviews, internal model parameterisation and investigating and applying emerging trends into actuarial work. You will also input into the design and evolution of the future state of end‑to‑end reserving to improve the efficiency and accuracy of all outputs and communications.

This is a unique opportunity to join a new team, and to input into the reserve transformation process at its inception. We are looking for a creative thinker, who is eager to use innovative techniques and data science to enhance Ki’s commercial insight and approach to reserving. We are seeking a qualified actuary, with expert reserving knowledge and a sound commercial general insurance Lloyds / company market background.

Requirements

• We are looking for a creative thinker, who's eager to lead and develop a growing reserving team
• You’ll be a qualified actuary (FIA, FFA or equivalent)
• You’ll have expert reserving knowledge and sound commercial general insurance Lloyd's / company market experience
• You’ll have excellent IT skills, in particular an advanced level of MS Excel and VBA, experience with SQL, Python or R, with a desire to continue developing
• Previous experience in managing qualified and student actuaries would be highly beneficial
• Be able to prioritise workloads and collaborate effectively within your team and the wider business

Benefits

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

What to expect during the recruitment process

1. Initial recruiter screening call
2. Interview with hiring manager
3. Technical Interview (this may vary depending on the role)
4. Values Interview