Reserving Actuary

QBE Insurance Group

We offer a range of options to support your work/life balance, including flexible start and finish times, part-time work, job sharing, 9 day fortnight and flexible leave options.

Only considering candidates eligible to work in London or Leeds, UK ⚠️

Primary Details

Time Type: Full time

Worker Type: Employee

Reserving Actuary

London or Leeds

Permanent (Hybrid)

At QBE, our purpose is to enable a more resilient future.

We are an international insurer and reinsurer with a local presence in 27 countries.

The opportunity

We're looking for a Reserving Actuary to join our Actuarial Reserving team on a full time, permanent basis.

Your new role

Reporting to our Reserving Manager, you'll provide actuarial advice to the relevant business units, developing relationships with key stakeholders and ensuring technical quality of work undertaken.

You'll deliver quarterly reserving advice, input into business planning, reserve variability and business partnering to undertake deep dives into relevant segments of the portfolio, supporting Actuarial Manager as required.

Other responsibilities:

  • Perform the forecasting of technical provisions, reserve margins and reserve uncertainties to support business analysis/MI for reports and accounts, business planning, profitability studies and commutations.
  • Support senior team members in working through complexity and explaining key assumptions to stakeholders
  • Develop and coach student actuaries
  • Have ability to supervise a small team, allocating responsibilities and managing priorities - providing performance feedback to team and professional guidance to junior team members
  • Identify areas for continuous improvement, drives toward efficiencies in process, challenges the status quo
  • Manage and monitor Actuarial process, where applicable, to ensure their continued delivery and improvement to meet
  • Ensure appropriate checks are performed within processes to minimise inaccuracies, both on their own work and the review of others
  • Use and assist with the development of appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced. This is to include adopting efficient and consistent actuarial models and process and / or technologies where appropriate
  • Plan and execute existing projects with multiple components with minimal direction
  • Manages own workflow and works largely independently, escalating for support when needed
  • Build relationships with internal and external stakeholders to improve customer focus
  • Understand developments in wider Actuarial community to stay abreast of current development
  • Keep bigger picture in mind, with ability to think through longer term implications and contribute to team strategic planning
  • Understands impact of regulatory environment on technical work

About you

You'll have an experience of working within the actuarial function in a multinational financial services business, ideally within GI. You'll understand industry best practice in actuarial analysis, modelling and underwriting, and risk and compliance issues.

Skills you'll need:

  • Experience in discussions with wider business and stakeholder management skills
  • Experience in the use and interpretation of numerical data
  • Experience in Excel and other analytical tools. Ability to develop sophisticated models to address business needs
  • Ability to question established processes and suggest improvements
  • Experience working in an agilemanner, responsive to stakeholder requirements
  • Influencing and collaboration skills
  • Organisational skills

Why QBE? At My Best

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA - because we know it’s not just what we do that matters, it’s how we do it that makes the difference.  In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce.

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation (


Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include:

5-star Diversity, Equity and inclusion (DEI) awards, 2023 Winner - Insurance Business Canada

Employer of the Year 2022 Winner – Insurance Insider

British Claims Awards 2022 Winner - InsurTech Award

Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year

Working Families Best Practice Awards 2021 Finalist for: Best COVID-19 Response

Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022, Specialist Insurer of the Year (for Construction), General Insurer of the Year

We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent

Inclusion of Diversity

We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in.

We know that diversity of thought, background and experience enables better decision making, improves the quality of our delivery and helps us to meet the needs of our customers.

ESG & Sustainability

At QBE, we believe that integrating sustainability into our business helps us deliver on our purpose of enabling a more resilient future.  Our three key focus areas include fostering an orderly and inclusive transition to a net-zero economy, enabling a sustainable and resilient workforce and partnering for growth through innovative, sustainable and impactful solutions. For further information regarding QBE’s sustainability targets, including our net-zero pledges and inclusion of diversity targets, and our award-winning impact investment initiative ‘Premiums4Good’, please visit our Sustainability homepage and read our latest Sustainability Report ( Link).

About QBE

We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.

We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner.

And our people will be at the centre of our success. We’re proud to work together, and encourage each other enable resilience for our customers, our environment, our economies and our communities.

With more than more than 11,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate and kind.

We believe this is our moment – what if it was yours too?

Your career at QBE — let’s make it happen!

To find out more about why you should work for QBE, visit our careers website.

What next?

If you have a passion to contribute to QBE’s vision of enabling a more resilient future for our customers and the community, we encourage you to apply! Simply click the “apply” button to submit your CV and other relevant documents, and a member of our friendly Talent Acquisition team will be in contact to discuss your interest further if you meet the requirements of the role.

Please make the Talent Acquisition aware should there be any reasonable adjustments that may need to be made for the interview and the remainder of the recruitment process.

APPLY NOW and let’s make it happen!

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

QBE Insurance

Global insurance leader with operations in 28 countries.

Working Week

We offer a range of options to support your work/life balance, including flexible start and finish times, part-time work, job sharing, 9 day fortnight and flexible leave options.

  • Mon
  • Tue
  • Wed
  • Thu
  • Fri
  • Mon
  • Tue
  • Wed
  • Thu
  • 🏖️

Our Vacation Policy

We offer 31 days of PTO, including annual leave and additional flexible leave options

Remote Working Policy

We offer a hybrid remote working model.

Company Benefits

  • Health insurance
  • 401(k) company contribution
  • Generous parental leave
  • Dentalcare
  • Equipment allowance
  • Life & Disability Insurance
  • Professional Development Budget
  • Yearly bonuses
  • Mental Health Support

Our Team

We're a team of 14k across 19 departments:

  • business development
  • finance
  • engineering
  • support
  • information technology
  • operations
  • consulting
  • human resources
  • accounting
  • +10 more teams

Desirable Skills and Experience

  • Excel
  • Analytical tools
  • Stakeholder management
  • Numerical data analysis
  • Excel
  • Analytical tools
  • Model development
  • Process improvement
  • Agile working
  • Influencing
  • Collaboration
  • Organizational skills

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