Head of Reserving

Admiral Group Plc, Adamsdown, Caerdydd - Cardiff

Head of Reserving

Salary not available. View on company website.

Admiral Group Plc, Adamsdown, Caerdydd - Cardiff

  • Full time
  • Permanent
  • Remote working

Posted 2 weeks ago, 27 Aug | Get your application in now before you miss out!

Closing date: Closing date not specified

Job ref: 2b91b91e0949478c980d378dcb817c3a

Location ref: Adamsdown, Caerdydd - Cardiff

Full Job Description

As Head of Reserving, you will lead the UK Reserving function while providing oversight and challenge across our wider Group insurance businesses. You'll be responsible for ensuring reserves and technical provisions are robust, appropriate and supported by high-quality actuarial analysis. Working closely with colleagues across Finance, Claims, Pricing, Reinsurance and Risk, you'll provide expert advice on reserving matters, strengthen governance frameworks, drive continuous improvement and help shape the future direction of the function. What You'll Do

  • Lead the end-to-end reserving process across our motor, household and van insurance portfolios.
  • Recommend best estimate reserves to governance committees, clearly communicating key assumptions, uncertainties and areas of judgement.
  • Own reserving methodologies, assumptions and expert judgement frameworks.
  • Oversee the production of IFRS 17 and Solvency UK technical provisions.
  • Drive improvements to reserving models, methodologies and processes.
  • Champion automation and efficiency across the reserving function.
  • Maintain strong reserving governance, controls and documentation.
  • Act as the primary contact for auditors and external actuarial reviewers.
  • Partner with Risk teams to support reserve validation activities.
  • Present reserving insights and recommendations to senior leadership and governance forums, including the Audit Committee.
  • Build effective relationships across Finance, Claims, Pricing, Reinsurance and other key business areas.
  • Provide oversight, support and constructive challenge to international reserving teams.
  • Contribute to wider actuarial and business transformation initiatives.
  • Lead, coach and develop a high-performing team, creating an inclusive environment where everyone can thrive., We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We're committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.
  • Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave. We're proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We're fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics. Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here., I'm currently a Talent Specialist within our Corporate Services Team, responsible for recruiting across a wide range of roles in Business Support, Finance, Compliance, and Risk. I also manage recruitment for AIGL - Admiral Insurance (Gibraltar) Limited. With extensive experience in Talent Acquisition, I handle many senior-level positions, ensuring we attract the best professionals for these critical roles., I joined Admiral in July 2021 as a Recruitment Officer in the Business Support team. I later became Talent Partner in the Tech and Data team, where I managed a diverse range of technical roles and partnered closely with senior leaders. To broaden my expertise further, I transitioned into our Corporate Services team, where I now specialise in recruiting for high-impact roles across multiple business areas., As a Senior Site Reliability Engineer (SRE), you will play a critical role in ensuring the reliability, performance, and scalability of our software systems and infrastructure. You'll leverage your

    If you're passionate about reserving, enjoy developing high-performing teams and want to influence important business decisions, we'd love to hear from you.,
  • Qualified Actuary.
  • Proven experience in general insurance reserving, particularly within Personal Lines.
  • Experience leading, developing and motivating reserving teams.
  • Strong track record of setting or recommending reserves and technical provisions.
  • In-depth knowledge of IFRS 17 and Solvency UK requirements.
  • Excellent communication skills, with the ability to explain complex technical concepts clearly to a range of audiences, including senior leaders and governance committees.
  • Strong stakeholder management skills and the ability to build trusted relationships across the business.
  • Desirable Skills & Experience
  • Experience using ResQ or similar reserving software.
  • Knowledge of data, analytics and automation tools.
  • Experience delivering reserving transformation, process improvement or change initiatives.
  • Exposure to working across multiple insurance entities, markets or geographies., Are you driven by sales, self-motivated, and eager to learn? If so, raise your hand! We're on the hunt for Customer Sales Advisors to join our lively and sales driven Customer Value team! As a

Direct job link

https://www.jobs24.co.uk/job/head-of-reserving-127259528