North Co Recruitment
Reserving Manager
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Job Opportunity: Reserving Manager
North Co Recruitment are working with a Lloyd's managing agency to appoint a Reserving Manager into their actuarial function. It's a senior, highly visible role with direct line of sight to the actuarial and finance leadership team, offering real input into reserving decisions across the syndicates under management rather than a narrow technical seat far removed from where decisions get made.
What you'll do
- Own day-to-day oversight of actuarial best estimate reserves and Solvency UK Technical Provisions across the syndicates under management.
- Review and challenge reserving results prepared by external providers and outsourced functions, escalating concerns where needed.
- Partner with Underwriting, Claims, Finance and Risk to set and stress-test key reserving assumptions.
- Prepare and present papers for reserving committees and wider governance forums, including Audit, Risk and Board.
- Contribute reserving input to ORSAs and Actuarial Function Reports, helping ensure processes meet Lloyd's, PRA and IFoA requirements.
- Get involved in the reserving side of wider business change, from process improvements to bringing new syndicates on board.
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What we're looking for
- Non-Life actuarial experience gained within Lloyd's or the wider London Market.
- Qualified actuary, or no longer progressing with exams, with equivalent experience.
- Strong technical grasp of Solvency UK and GAAP requirements for Technical Provisions.
- Solid understanding of London Market reserving methods and practices.
- A track record of reviewing or challenging actuarial reserving output.
- Comfortable presenting and communicating with senior stakeholders.
- Confidence working across teams and disciplines beyond reserving.
- Hybrid working applies, with a mix of home and office-based collaboration.
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If you're looking for a high-profile reserving role with genuine influence over how syndicates are reserved, exposure to senior leadership and a route into a growing managing agency business, we'd be keen to speak.
Salary: £100,000 - £120,000 base, plus discretionary bonus
Location: Hybrid, London Based.
Please note, the client is unable to offer sponsorship for this opportunity.
For more information or to discuss other opportunities, reach out to Tom Parker, visit our website or follow our LinkedIn page.
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