UK Reserving Manager - Hybrid or remote from UK

Wakam; City of Westminster; Remote; GBP 70,000 - 90,000; Full time

Job summary

A B2B2C insurance company in the UK is seeking a Reserving Manager to ensure accurate statutory and prudential reserves for P&C business. The role involves collaboration with various teams and adherence to UK Solvency requirements. Ideal candidates will have actuarial experience and strong leadership qualities in a dynamic work environment. Embrace a culture of autonomy and make an impact in transforming insurance.

Benefits

Free.Day at Wakam

Flexible remote working options

Collaborative and agile working culture

Qualifications

• Significant experience in reserving required.
• Ability to ensure accurate statutory and prudential reserve calculations.
• High attention to detail and accountability for delivery of outcomes.

Responsibilities

• Ensure accuracy of statutory and prudential reserves.
• Lead the reserving process and collaborate with teams.
• Act according to UK Solvency requirements.

Skills

Reserving expertise

Communication skills

Analytical skills

Team collaboration

Problem-solving

Education

Actuarial background in P&C business

Job description

Wakam is a B2B2C insurer that designs white‑label insurance products for its partners (insurance specialists and non specialists). These insurance products have the distinctive feature of being embedded in the products or services offered to the end customer (for example, if you take out a self‑service scooter 🛴, you’re automatically insured). Wakam is present in 32 European countries. By 2022, we will have achieved over 60% of our sales outside France, which is why we are recruiting Wakamees who speak English. Our culture? Free to impact. A culture where anything is possible, where all ideas are considered, where everyone has an impact on the transformation of insurance! Looking for freedom? Thirsting for autonomy? If you’re intrepid and like a challenge, Wakam is for you!

As a Reserving Manager, you will play a pivotal role in our organization, collaborating with various UK teams, including central teams in France. Your mission & key responsibilities: Your main role will be to ensure the accuracy of statutory and prudential reserves for our UK P&C (mainly motor, property and affinity) in particular, aligning with Solvency UK requirements. Reporting to our UK Chief Actuary and fostering collaboration with our central and local teams, your key responsibilities in this role include:

Reserving Expertise: Utilize your strong reserving background for accurate and fair statutory and prudential reserve calculations.

Innovation and Insight: Review and advocate for process updates to enhance efficiency and effectiveness. Define innovative analyses to understand emerging risks. Collaborate with other teams to improve insight provided by the reserving team, more specifically with the claims teams.

Clear Communication & collaborative leadership: Lead the reserving process, ensuring alignment with our company's standards, and foster collaboration with various teams. Effectively convey complex technical subjects to non‑technical team members, ensuring mutual understanding and consensus on critical topics.

Lead interactions with other areas of the business to ensure accurate results. Make clear recommendations for management action. Engage with external parties, including regulators and auditors.

Solvency requirements: Act in accordance with UK Solvency requirements, including under the delegated authority of the Chief Actuary, and approve the fairness and accuracy of reserves for UK business.

Management and Analysis: Manage reserving projections and be a key player on the data governance processes. Direct analyses considering outcomes on different bases, including GAAP, Solvency II, etc.

Your profile: To excel in this role, you should have the following qualifications and qualities: Significant experience in reserving. An actuarial background on P&C business, providing you with the expertise needed for this role. Confidence and the ability to take responsibility for ensuring accurate reserves. Accountability for delivery of outcomes. Impact‑driven with a focus on improving processes and insights. Enjoy problem‑solving and critical thinking. Inquisitive mind and effective communication. High attention to detail and accuracy.

Interview process: Screening interview with Talent recruiter, Manager interview with UK Chief Actuary, Cross interview with France Chief Reserving & France Reserving team lead, HR interview with Head of Talent or VP People & Culture.

Welcome at Wakam 🙌 Positive energy, agility, and team spirit are essential to support Wakam in its hyper‑growth! You have the Wakam mindset? Join us!

More about us: Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance! Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you! Discover - on our website - who we really are with the 11 cultural markers that so well describe us!

And above all: have fun working together 🤜🤛! Good to know Wakam is not based on a hierarchy but on a methodology where everyone finds his role and knows his objectives. With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company. Every last Friday of the month, it’s Free.Day at Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities (because we are curious, I remind you). Full‑remote is a reality at Wakam (there is even one Wakamee who works from his sailing boat ⛵).

Last but not least: we are nice and we have fun! (you’ll find out by yourself 😉)