Senior Reserving Analyst

IQUW Group; City Of London; On-site; GBP 35,000 - 50,000; Part time

Job summary

A specialist motor insurance firm in London is seeking a part-qualified actuary to support reserving tasks across motor classes. The ideal candidate will have at least 8 exams completed and a strong educational background in mathematics. Key responsibilities include calculating reserving estimates, preparing claims data, and assisting with quarterly documentation. Proficiency in Excel, Python, and SQL is required. A collaborative work environment with a focus on data analysis and improvement awaits the right candidate.

Benefits

Innovation and problem solving

Strategic perspective

Development of self and others

Qualifications

• Progressing through actuarial exams (8-10 exams passed).
• Knowledge of General Insurance reserving techniques and models.
• Good A Levels or equivalent in at least one mathematical subject.

Responsibilities

• Calculate reserving best estimates using actuarial principles quarterly.
• Prepare claims data and support methodology selection.
• Assist with quarterly reserving documentation production.
• Perform deep-dive analysis on data trends.

Skills

Actuarial principles

Data analysis

MS Excel

VBA

Python

SQL

Education

Minimum of a second-class degree in a mathematical or science-based subject

Tools

Statistical software

ResQ

Unify

Job description

Overview

About us

ERS is the UK's largest specialist motor insurer – and that’s just one of the things that makes us special.

We don’t just deal with the ‘every day,’ we’re talking Classic Cars, Super Cars, Kit Cars and Campers. Motor fleets in their 1000s and some pretty fancy agricultural machinery. If it’s more than your average vehicle, we more than likely insure it.

The role

This role is for a part-qualified actuary, ideally with General Insurance and/or reserving experience. The role reports into the Reserving Manager and would support reserving tasks across ERS’s motor classes.

Key responsibilities

• Calculating reserving best estimates using actuarial principles on a quarterly basis
• Preparation of claims data and supporting the selection of methodologies and assumptions
• Assisting with production of quarterly reserving documentation, presentation packs and reports
• Performing deep‑dive analysis on trends in data
• Supporting transformation projects underway through the Unify system
• Driving improvements to design, build and enhance actuarial analytics and reporting capabilities
• Supporting the Finance, Claims, Reinsurance, Capital, Underwriting teams and external auditors and serving as the initial point of contact for these teams

The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

Essential qualifications, skills and experience

• Progressing through actuarial exams (8-10 exams passed).
• Knowledge of General Insurance reserving techniques and models.
• Minimum of a second‑class degree in a mathematical or science based subject as well as good ‘A’ Levels (or equivalent) including at least one mathematical subject
• Proficient in MS Excel and VBA
• Experience using statistical software such as Python and SQL to manage and/or analyse data

Desirable

• Prior experience with General Insurance (Motor/Non-Motor)
• Prior reserving experience
• Experience using ResQ and Unify

Benefits

• Analysis and decision making
• Innovation and problem solving
• Strategic perspective
• Commerciality
• Communication and influence
• Development of self and others

#ERSLI