Reserving Methodology & Strategy Lead

TN United Kingdom; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a dynamic Reserving Methodology & Strategy Lead to spearhead actuarial practices within the Life and Health Global Reserving Centre. This pivotal role involves providing thought leadership on complex reserving topics, ensuring consistency across local teams, and managing key finance projects. The ideal candidate will possess extensive experience in actuarial methodology, particularly with IFRS17 and Solvency II standards. Join a collaborative environment where your expertise will shape the future of actuarial practices and drive impactful change across global teams.

Qualifications

• 12+ years of experience in Life & Health actuarial roles.
• Deep knowledge of IFRS17 and Solvency II standards.

Responsibilities

• Lead methodology and strategy for L&H reserving topics.
• Support global actuarial teams with guidance and expertise.

Skills

Actuarial Methodology

IFRS17

Solvency II

Project Leadership

Stakeholder Engagement

Education

Qualified Actuary (FIA, FSA or equivalent)

Job description

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Reserving Methodology & Strategy Lead, London

Client: SCOR

Location: London, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Reference:

ce2bad83d336

Job Views:

6

Posted:

05.05.2025

Expiry Date:

19.06.2025

Job Description:

As Methodology & Strategy Lead, within the Life and Heath Global Reserving Centre, you will be responsible for all L&H reserving methodology topics across all bases & metrics. You will provide thought leadership within SCOR on L&H actuarial and finance topics, develop approaches & proposals on a range of complex and interesting reserving topics, and provide expertise on developments in standards & regulations. You will ensure consistency of approach across local reserving teams, and provide support on key finance projects.

You will play a key part in determining & implementing SCOR’s L&H reserving strategy, in line with SCORs strategic plan. You will also undertake day-to-day management of the global actuarial audit.

As a key part of the role, you will provide support & guidance to other L&H reserving teams on issues of methodology, appropriate techniques.

You will be a key part of the Global Reserving Centre team, with a high degree of responsibility and autonomy.

Reserving Methodology

• Provide thought leadership within SCOR on L&H actuarial and finance topics
• Provide expertise on new developments in reserving methods and regulations – covering all reserving bases (Solvency II, IFRS17, and providing support to local L&H reserving teams on local GAAP/capital as required)
• Develop insightful and novel approaches to complex and interesting global reserving topics
• Supporting the Head of L&H GRC, ensure consistency of approach across local reserving teams
• Provide actuarial support on key Finance and L&H projects as required
• Day-to-day management of the global actuarial audit

Reserving Strategy

• Play a key part in determining & implementing SCOR’s L&H reserving strategy, in line with SCORs 3-year strategic plan
• Support delivery of the strategic plan by delivering insights on actuarial topics across L&H

Support & Guidance

Provide direct support and guidance to all SCOR’s L&H Reserving teams globally. This will include:

• Developing a deep understanding of reserving methodology in all markets
• Suggesting improvements to and consulting on possible approaches, expert judgements, providing expertise, sharing examples where relevant
• Communicate information to L&H reserving teams about changes to guidance on methodology. Share best practice across markets.
• Supporting L&H Reserving colleagues looking to develop their knowledge on changes to actuarial standards & regulations – especially SII and IFRS17

Relationships

• Liaise closely with the global actuarial auditors, acting as the key point of contact within L&H Reserving
• Liaise closely with colleagues in the Group Chief Actuary & Risk teams on all relevant topics
• Work directly with colleagues across all the market L&H reserving teams globally
• Work closely with other Finance teams, particularly the Group Chief Accounting Officer team on audit and methodology topics, and the central Technical Financial Reporting teams
• Liaise with Pricing & R&D to ensure alignment on methodology topics
• As a leader in the L&H reserving team, be a role model for colleagues in the wider team, and support the growth and development of talent across the team

Experience:

• Qualified Actuary (FIA, FSA or equivalent), with significant PQE (12+ years, as a guideline).
• Deep knowledge of either IFRS17 or Solvency II standards, and significant experience interpreting and implementing these, gained in a Life & Health (re)insurance or consultancy context.
• Knowledge of local reserving or capital standards/frameworks – e.g. USGAAP or RBC/ICS in APAC – would be advantageous but not required.
• Significant experience interacting with external auditors and/or regulators. May have held a regulated role.
• Thought leader on topics of actuarial methodology – for example experience participating in industry working groups.
• Experience leading projects, workstreams and/or teams, and collaborating with senior stakeholders.

Personal Competences:

• Is able to develop and defend robust actuarial arguments, enjoys technical methodology work & problem solving
• Highly pragmatic, flexible & agile
• Open to change and challenge, can apply judgement
• Highly developed persuading & influencing skills
• Excellent verbal communication skills – able to explain technical concepts very clearly
• Excellent written communication skills – summarising topics in a clear, concise, readable way
• Enjoys working at pace, in a collaborative and open environment with global teams
• Proactive, takes strong ownership, committed to delivery
• Creates a supportive environment when guiding and supporting other teams, and when working with colleagues in the wider business
• Interest in career and skill development – of self and others

Required Education

• Qualified Actuary (FIA, FSA or equivalent),