Primary Details

Time Type: Full timeWorker Type: Employee

Chief Reserving Actuary

London

The Opportunity:

We have an exciting opportunity to join QBE as Chief Reserving Actuary to lead the European Operations (“EO”) division reserving team.

Our Chief Reserving Actuary will:

• Provide leadership in actuarial reserving techniques and methodologies, while developing a high-quality team of actuary professionals, in providing value added reserving advice.

• Take ownership of, and accountability for, the end-to-end reserving process and reporting within EO (including business written on entities not within the EO corporate structure, e.g. QBE Re business written in the US and Bermuda)

• Take ownership of, and accountability for, change projects within the Reserving team, along with providing subject matter expertise on wider Finance transformation programmes

• Manage, ownand lead the operation of the Actuarial function’s responsibilities in accordance with the UK regulatory requirements (including Lloyd’s), and the provision of Line 1 reserving responsibilities to the Actuarial Function Holder for QBE Europe SA/NV

Your New Role:

• Advise executive management and senior business leaders on recommended reserve levels based on actuarial analysis. The role includes being Chair of the EO Reserving Management Group, Chair of the EO Inflation Management Group, along with attendance at the EO Underwriting Management Group and EO Risk & Capital Management Group. In addition, the role leads the reserving working group in the division.

• Advise the board of the EO entities on the recommended reserve levels. The role includes attendance at the Board Audit Committee, and – where appropriate – the Board Risk & Capital Committee and Board.

• Build and maintain relationships with EO executives, the QBE Group Chief Actuary, senior business leaders and portfolio managers, along with key underwriters, claims managers, and leaders across the enabling functions to ensure that you are aware and able to meet service delivery expectations of your stakeholders.

• As a member of the finance leadership team in EO, proactively engage with the CFO and the other members of the leadership team:

  • to provide timely insights on emerging issues and output based actuarial reserving analysis

  • to advise on the progress of change projects within reserving (EO and across the enterprise), including highlighting dependencies across wider finance transformation programme and/or other change programmes in EO

• Assist in the business direction by contributing to financial planning with strategies to support portfolio optimisation and sustainable growth, including effective reinsurance programmes and capital utilisation

• Establish and maintain a robust actuarial reserving control framework to ensure EO:

  • Comply with all material legal and regulatory requirements on reserving

  • Adhere to relevant actuarial standards, policies, procedures and market practice

  • Meet EO and/or global internal reporting requirement

  • Adopt consistent Actuarial models and processes (e.g. reserving, business planning, portfolio analysis) and/or technologies where appropriate

• Ensure the QBE Group complies with statutory obligations by the timely preparation and submission of returns and reports requiring EO actuarial reserving input and/or approval

• Build and maintain relationships with the other divisional chief reserving actuaries and key external stakeholders (including industry and regulatory bodies) to enable appropriate consistency of process and adoption of best practice

• Responsible for the Actuarial Function under Solvency II (UK) including input to internal model processes for reserving as needed

• Responsible for technical provisions for all EO entities as required (e.g. IFRS 17 reporting to QBE Group, local GAAP, solvency)

• Lead the Actuarial function across EO, to ensure that people, resources and processes are aligned with business needs and fit for purpose

• Establish clear accountabilities and authority levels for direct reports and lead, motivate and develop a strong culture of accountability and performance to ensure delivery of business goals; and support the continuing personal and professional development of all team members

• As needed, represent EO in any transactions (e.g. M&A, reinsurance solutions) for all negotiations of major actuarial reserving significance

About you:

Required Licenses/Certifications

• Chief Actuary Certificate from Institute and Faculty of Actuaries, to comply with SMF20 Chief Actuary requirements under SM&CR. As a Senior Management Function holder, to perform the role in accordance with regulatory requirements, including as to conduct.

Preferred Competencies/Skills

• Strong interpersonal and communication skills with the ability to communicate technical issues to lay audience

• Ability to lead, manage and develop a team

• Commercial acumen

• Ability to contribute to the development of strategy for the business

• Ability to persuade, influence and negotiate both directly and indirectly with internal and external stakeholders

• Excellent project management skills

Preferred Education Specifics

Degree in Mathematically focused area

Preferred Experience

• Fellow of a recognized actuarial body

• Solid experience in working with senior level staff and regulators

• Sound commercial judgement

• Substantial experience in managing the Actuarial function in a multinational financial services business

Preferred Knowledge

• Expert knowledge of the insurance industry, existing products and competitor products

• Expert knowledge of industry best practice in actuarial analysis, modelling and underwriting

• Detailed understanding of business process strategic planning and compliance issues

• Strong understanding of the long term trends in actuarial analysis, modelling and underwriting

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.

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

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 (https://qbeeurope.com/careers/flex-qbe/).

With more than more than 13,000 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.

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

At My Best - QBE Benefits

You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally. As well as the benefits below we also offer an extensive choice of other options to suit you!

• 30 days holiday a year with the option to buy up to 2 additional days.

• Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.

• Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.

• Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.

• Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.

• Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.

• Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.

• Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.

To find out more visit our Reward Page

QBE Awards

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

Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year,
Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance

AXCO Global Insurance Awards 2024 Winner: Network Management of the Year

Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer

UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year

Working Dads Employer Awards 2023 Winner: Parental Policies Award

Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee

You can view all our awards here

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 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. For more information on our strategy targets please take a look at our Careers Page

Accessibility

Here at QBE, we are promoting an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware.

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

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.

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

APPLY NOW and let’s make it happen!

Skills:

Actuarial Science, Analytical Thinking, Coaching for success, Critical Thinking, Financial Risk Management (FRM), Influencing, Intentional collaboration, Managing performance, Navigating ambiguity, Negotiation, Risk Management, Strategic Leadership, Strategic Management, Strategic Planning, Strategic ThinkingApplication Close Date: 24/10/2025 11:59 PM

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.