Senior Actuarial Analyst – Reinsurance

Liberty Specialty Markets; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Liberty Specialty Markets is looking for an Actuarial Reserving Analyst to join their London team. The role involves supporting reserve analysis and management reporting while developing actuarial graduates. A strong analytical background and experience in the London market are essential for this position within a dynamic global insurer.

Benefits

Vibrant and inclusive environment

Career development opportunities

Supportive culture promoting work-life balance

Qualifications

• Pursuing qualification with IFoA or other actuarial body.
• Experience in London market reserving is a plus.

Responsibilities

• Project and set reserves for the LII & LMRe Reserving team.
• Conduct in-depth analysis and produce reserve results.
• Prepare comprehensive reports and presentations for management.

Skills

Analytical problem solver

Strong verbal communication

Strong written communication

Advanced knowledge of MS Excel

Big data manipulation

SQL

Power BI

R

Python

Education

Actuarial or Mathematical degree (2.1 or above)

Job description

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 05-Jun-2025

Employment Type: Permanent

Employment Type: Full time

Ref #: 1234571620

Description & Requirements

Department: Actuarial

Team: Actuarial Reserving

Location: London

Type: Permanent

About the Role:

This role sits within the LII & LMRe reserving team with predominant responsibility for the gross and net reserves of the Property, Casualty and Specialty Reinsurance metalines as well as some support for the team’s Controller Function. The role involves supporting with any product related queries and analysis across LII & LMRe requiring knowledge of market and region-specific context across all product lines. Responsibilities include the reporting of results to management and the wider Liberty Mutual Group, training and development of actuarial graduates as well as the additional responsibilities listed below.

About the Department & Team:

The Actuarial Function evaluates business performance and provides management with a clear, risk-based view for making decisions on business strategy and risk mitigation. The department covers all aspects of actuarial work including pricing, reserving, business planning, and capital, and supporting exposure management and reinsurance purchasing. The team operates on a global basis with a team of around ninety actuaries, of which around sixty are based in the UK. The Actuarial Function currently comprises the following core teams:

Pillar Teams:business partners to Underwriting and aligned business functions, responsible for class-level pricing, business planning and capital premium risk parameterisation. Multi-functional teams and roles managing, strongly supported with a core centralised data, analytics, modelling, reporting and risk governance infrastructure provided by the other Actuarial teams outlined below.

Pricing and Analytics Team:a broad and varied remit supporting delivery on key strategic priorities, including delivering new pricing models on leading-edge platforms as part of the wider underwriting transformation. Developing new predictive models and delivering consistent and scalable Actuarial pricing and portfolio analytics MI (Management Information) and standards across LII and LMRe, working closely with Pillar Actuaries and Underwriting.

Reserving Team:responsible for actuarial reserving analysis across LII and LMRe businesses providing transparent and independent view of business performance through consistently applied reserving best practice. Acting as independent trusted advisors to the business, the team is responsible for objectively communicating the quarterly reserve analyses with insight and confidence

Actuarial Modelling Team:Maintains and develops the Internal Model for capital assessment and solvency reporting requirements of the legal entities. Working closely with the Actuarial teams above and other LII and LMRe Enterprise Risk Management and Finance business functions in parameterisation, validation and modelling infrastructure; supporting risk and return on equity-based decision making across the business.

Reporting Line:

The role reports to the Reserving Actuary - LMRe Casualty & Specialty

Key Responsibilities:

Use of accurate, sound, and innovative approaches in projecting and setting reserves (gross and net of outwards reinsurance on a US GAAP basis) to support the LII & LMRe Reserving team with the provision of the quarterly reserving analysis to GRS leadership.

Independently conduct in-depth analysis and produce first draft results of reserves as well as understand and effectively communicate what and why changes between analyses have occurred.

Prepare comprehensive reports and presentations for senior management, highlighting key trends and topics for consideration.

Provide insights that are sought by the business to improve underwriting outcomes. Identify trends, areas of uncertainty, emerging risks and macroeconomic factors that could impact results and propose corrective action in a timely manner.

Support the successful delivery of the process transformation involving tactical and strategic process improvement initiatives.

Support the successful delivery of the Statement of Actuarial Opinion and statutory audits of the legal entities and support other regulatory reserving deliverables/enquiries.

Seek opportunities to develop existing and new processes, to ensure processes are up-to-date and in line with regulatory requirements, to ensure that the deliverables of the Actuarial Function are timely, accurate and fit for purpose.

Provide the highest quality professional service, underpinned by technical rigor, transparency and consistency in all aspects of the above responsibilities.

Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to Liberty Mutual’s commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. We expect you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing

Skills and Experience:

2.1 or above in an Actuarial or Mathematical degree and pursuing qualification with IFoA or other well recognised actuarial body.

Experience in actuarial work in particular within London market reserving. Other relevant experience from a commercial, personal or consulting background also welcomed.

ADP Applicants:If you are an ADP participant, we would encourage those who are on their pen-ultimate or final rotation to apply for this opportunity. We welcome all applications.

Strong IT skills - advanced knowledge of MS Excel and the standard MS Office suite is essential. Other experience of working with big data manipulation and visualisation software such as SQL and Power BI or similar would also be an advantage (although not a starting pre-requisite) for the role, as would analytics coding experience in packages such as R, Python or similar.

Analytical problem solver with strong verbal and written skills, communicating with a range of clients and stakeholders of varying experience, expertise and appreciation of actuarial techniques.

Works independently and takes initiative. Technical supervision provided for more complex or novel situations but able to take on day-to-day tasks with confidence and integrity.

A growth mindset - highly focused, motivated and committed to ongoing personal learning and development.

Ability to both work independently and as part of a wider team as well as during periods of change and transformation.

Ability to manage or mentor 1 or 2 graduate level employees within their day to day function, helping to share in the team management and delegation work of the Actuary.

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

Offering a vibrant and inclusive environment and committing to their career development.

Promoting diversity, equity and inclusion (DEI). OurInclusion Matters frameworkand employee-led networks strengthen the diversity of our workforce and our inclusive environment.

Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.

A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion