Reserving Actuary

Reserving Actuary

Admiral Group is looking for a nearly or newly qualified Actuary to join our Reserving Team in Cardiff. We offer hybrid working, with flexibility to work from home.

This is an exciting opportunity to build on your actuarial experience within a leading UK insurer. You’ll take ownership of key reserving activity, contribute to important projects and help shape and improve our reserving processes.

The Role

Reporting to the Head of Reserving, you’ll play a key role in our quarterly reserving process and work closely with teams across the business to understand claims trends, provide insight and ensure our reserves remain robust.

What you’ll be doing

• Play a key role in quarterly reserving across Motor, Household and Van, from data analysis through to reporting results to the Reserving and Audit Committees.
• Monitor claims performance and emerging trends, working closely with Claims teams to understand developments and new initiatives.
• Review Solvency UK Technical Provisions and IFRS 17 models, judgements and outputs.
• Develop and enhance reserving models, tools and processes, supporting continuous improvement and data transformation.
• Support reserving for new and growing products across the Group.
• Keep up to date with reserving best practice and personal lines market trends, ensuring documentation remains compliant with Technical Actuarial Standards.
• Share best practice across the wider Reserving teams and support the development of trainee actuaries through guidance and coaching.
• You’ll build relationships with a wide range of stakeholders, including senior Finance leaders, Claims, Risk, Internal and External Audit, Reinsurance partners and external actuarial partners.

Essential skills and experience

• Proven reserving experience, with strong numerical and analytical skills and advanced Excel capability.
• Nearly or newly qualified Actuary with the Institute and Faculty of Actuaries (IFoA), or an equivalent professional body.
• Strong attention to detail, with the confidence to interrogate data and calculations and constructively challenge assumptions.
• Ability to work independently, manage competing priorities and deliver to reporting deadlines.
• Strong stakeholder management skills, with the ability to build effective relationships across internal and external teams.

​Desirable skills and experience

• Experience of presenting technical material to senior management, committees, and Boards preferable
• Proficient in spreadsheet tools (Excel) with experience of VBA, SQL or GCP

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral: Where You Can

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.

Disability Confident Leader

As a Disability Confident Leader, for candidates with a disability or long-term health condition, that opt into the Disability Confident scheme, we’ll invite a fair and proportionate number of applicants that meet the essential requirements of the role to the first stage of our selection process.

If you need any adjustments or support with your application or during the recruitment process, just let us know. Please email Helen.Hunt@admiralgroup.co.uk or contact us on 07796 039828. This number is dedicated to supporting candidates that require reasonable adjustments or support during the application process.

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