Senior Syndicate Reserving Actuary

SCOR; Greater London; On-site; GBP 90,000 - 140,000; Full time

Job summary

SCOR in London seeks an ambitious actuary to join the Reserving team, delivering a broad range of actuarial reserving services for the Lloyd’s Syndicate. You will work on quarterly reserving, support various reserving projects, and play a pivotal role in the group reserving transformation flagship.

Key duties include leading reserve analyses, driving automation, improving models and dashboards, and mentoring junior team members while coordinating with claims, finance and underwriting teams

Qualifications

• Fellow FIA/FCAS/FIAA with extensive experience in a Lloyd’s/London Market reserving role.
• Knowledge of UK GAAP, Lloyd’s requirements, Solvency II and Solvency UK.
• IFRS17 knowledge.

Responsibilities

• Lead quarterly analysis of technical reserves for multiple lines of business.
• Lead reserving projects including automation and modelling of lines of business; contribute to group transformation and syndicate components.
• Lead reporting for SCOR Managing Agency boards and governance bodies.

Skills

Actuarial reserving

UK GAAP

IFRS17

Solvency II

Project management

SQL

Python

VBA

Communication

Team leadership

Education

Fellow of the Institute and Faculty of Actuaries (FIA)

FCAS / FIAA equivalent

Tools

ResQ

SQL

Python

Excel

PowerPoint

Job description

The jobholder will be an ambitious actuary who wants towork as part of a Reserving team, providing a wide range of actuarial reserving services for SCCR’s Lloyd’s Syndicate.A key part of the role will be working on quarterly reserving, assisting on a wide variety of Reserving Projects. The role will play a pivotal part in the group reserving transformation flagship.

Responsibilities

Some of the key areas of responsibility are as follows:

• Lead the analysis of the technical reserves on a quarterly basis for multiple lines of business
• Lead reserving projects, such as automation of current processes and modelling of specific lines of business.Specifically, the contributing to the group transformation programme, leading the Syndicate and SBS components of this.
• Lead reporting for SCOR Managing Agency boards and other governance bodies as required
• Lead improvements of certain models, visualisation tools and dashboards
• Lead the pattern and risk code review Syndicate portfolio and contribute to the actuarial report
• Carry out regular or ad hoc studies for specific segments
• Work closely with claims team, finance team, underwriters and underwriting management and other members of the actuarial team to develop, review and maintain appropriate tools and methodologies
• Communicate with external Actuaries, Auditors and external regulators when required. Be able to respond to auditor and SAO queries and undertake audit defence to UK audit standards
• Help enhance management information and reporting for the PRA and Lloyd’s of London
• Communicate key movement/trends/events to the business on a quarterly basis
• Mentor, grow and develop junior members of the team

Qualifications

• Post qualified i.e. Fellow of the Institute and Faculty of Actuaries FIA (or equivalent being FCAS, FIAA)with extensiveexperience within a Lloyd’s/London Market reserving role
• Established, strong knowledge of UK GAAP, Lloyd’s requirements, Solvency II and Solvency UK.
• IFRS17 knowledge
• Knowledge of regulatory requirements and an understanding of how they impact on the business
• Strong knowledge and delivery professional standard requirements
• Strong understanding of P&C (re)insurance and reserving practices and products
• Significant experience in understanding, explaining and analysing financial impacts and drivers of change
• Experience managing projects and effectively representing your department
• Demonstrated ability to identify and implement departmental processes and controls and ensure that these are appropriately documents
• Proficient in actuarial software, database and reporting tools including ResQ
• Demonstrated ability to understand complex actuarial models
• Advanced proficiency in Microsoft Office Suite (Excel, Word, Powerpoint)
• Desired ability to code in VBA, SQL, Python and use Gen AI
• A team player and enjoys working at pace, in a collaborative environment with global teams (actuarial, risk, claims and underwriting at a minimum)
• Strong organisational and planning skills with ability to meet multiple competing deliverables and manage projects
• Flexible and agile
• Able to think independently with an analytical mindset and excellent analytical skills.
• Acts with integrity and can make a principled stand where required.
• Strong technical skill set, passionate about innovation and proving processes
• Excellent communication and interpersonal skills, verbal and written that enable the candidate to communicate effectively with colleagues (especially underwriters), brokers and clients on a cross-border basis.
• Proactive, takes strong ownership and committed to delivery
• Interested in career and skill development and

Please note only candidates who have the relevant and full working rights for the UK will be considered so please indicate this on your application.

• Posting Date 09/03/2026, 08:59 AM
• Locations Level 6, London, United Kingdom, EC2N 4BQ, GB

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.