Reserving Manager
QBE
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Benefits offered by this job
Job summary
QBE is seeking a Reserving Manager to join the Actuarial Reserving team in a hybrid, full‑time role based in London or Leeds. You will deliver expert reserving advice, lead stakeholder relationships and influence business planning across International Markets.
You will report to the Head of Reserving: International Markets, providing high‑quality technical analysis and developing the actuarial capability within the team.
Qualifications
- Experience in an actuarial function within a multinational financial services organisation.
- Strong technical capability and leadership to influence senior stakeholders.
- Able to coach and develop actuarial staff while delivering high‑quality reserving output.
Responsibilities
- Deliver high‑quality reserving advice including half-yearly reserving and portfolio deep dives.
- Forecast technical provisions, reserve margins and reserve uncertainty for reporting and planning.
- Act as trusted advisor to underwriters, claims and finance; build stakeholder relationships.
- Lead and develop actuarial team members with coaching and career guidance.
- Ensure governance, regulatory compliance and robust controls; drive process improvements.
- Stay abreast of regulatory developments and apply best practice in technical work.
Skills
Education
Tools
Job description
Time Type: Full time
Worker Type: Employee
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.
Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.
We’re looking for a Reserving Manager to join our Actuarial Reserving team, supporting products across our International Markets 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.
Reporting to the Head of Reserving: International Markets, 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.
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.
- 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.
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
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
- 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.
- 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.
Everything we do at QBE is underpinned by our DNA (which interlinks seven cultural elements) – because we know it's not just what we do that matters, it's how we do it that makes the difference. We expect all employees to role model and inspire the right behaviours that link to our cultural elements:
- We are customer-focused
- We are technical experts
- We are inclusive
- We are fast-paced
- We are courageous
- We are accountable
- We are a team
- All employees are expected to adhere to QBE’s Code of Ethics and Conduct and apply sound risk management practices
To successfully perform this job, the individual must be able to perform each essential job responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.
The duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee’s normal duties. Our Group Code of Ethics and Conduct addresses the responsibilities we all have at QBE to our company, to our people and to our customers, suppliers, communities and governments. It provides clear guidance to help us to make good judgement calls.
Actuarial Science, Analytical Thinking, Conflict Resolution, Critical Thinking, Financial Products, Intentional collaboration, Managing performance, Performance Management (PM), Problem Solving, Project Scoping, Risk Management, Sound Judgment, Stakeholder Management, Statistical Analysis Software (SAS), Team Management
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
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