Job Description

General information

City:

London

Country:

United Kingdom of Great Britain and Northern Ireland

Creation Date:

18-Sep-2025

Employment Type:

Permanent

Employment Type:

Full time

Ref #:

1234571895


Description & Requirements
Role Title: Reserving Actuary - LII FinPro
Department: Actuarial
Team: Actuarial Reserving
Location: Hybrid Working Model with Office in London
Type: Permanent
Reporting Line:The role reports to the Financial Lines Reserving Lead

About the Role:
The Reserving Actuary will be responsible for carrying out both the deep dive and roll forward reserving analysis for the Financial, Professional and W&I lines of business within LII, ensuring first cut reserves are prepared for review in a timely fashion and to a good standard. Responsibilities also include supporting the reporting of results to management, providing review and challenge of the business plan, and providing portfolio insights to help drive underwriting decisions. There will also be opportunities to work with the wider Reserving team on other reserving projects or deliverables.

Key Responsibilities:Use of accurate, sound, and innovative approaches in projecting and setting reserves (gross and net of outwards reinsurance on a US GAAP basis) to support the Reserving Lead with the provision of the quarterly reserving analysis to management. Act as a trusted independent advisor to the business that communicates the quarterly reserve analyses with insight and confidence, grounded in technical rigor and objectivity. Provide insights that are sought by the business to improve underwriting outcomes. Identify trends, areas of uncertainty, emerging risks and macroeconomic factors that could impact results and propose corrective action in a timely manner. Seek opportunities to develop existing and new processes, to ensure processes are up-to-date and in line with regulatory requirements, to ensure that the deliverables of the Actuarial Function are timely, accurate and fit for purpose. Undertake your role with due regard to the prescribed responsibilities and regulatory requirements associated with the Actuarial Function - which may require undertaking appropriate learning & development.

Skills and Experience:Fellow of the Institute and/or Faculty of Actuaries (or equivalent). Experience of ResQ or other standard reserving software highly desirable. Analytical problem solver with outstanding verbal and written skills, communicating with a range of internal and external clients of varying experience, expertise and appreciation of actuarial techniques. Ability to both work independently and as part of a wider team as well as during periods of change and transformation. A growth mindset - highly focused, motivated and committed to ongoing personal learning and development. London Market reserving experience. Relevant experience from consulting, commercial or personal lines also welcomed. Product relevant experience desirable but not essential.

About the Department & Team:
The Actuarial Function evaluates business performance and provides management with a clear, risk-based view for making decisions on business strategy and risk mitigation. The department covers all aspects of actuarial work including pricing, reserving, business planning, and capital, and supporting exposure management and reinsurance purchasing. The team operates on a global basis with a team of around ninety actuaries, of which around sixty are based in the UK. The Actuarial Function currently comprises the following core teams:Pillar Teams: business partners to Underwriting and aligned business functions, responsible for class-level pricing, business planning and capital premium risk parameterisation. Multi-functional teams and roles managing, strongly supported with a core centralised data, analytics, modelling, reporting and risk governance infrastructure provided by the other Actuarial teams outlined below.
a broad and varied remit supporting delivery on key strategic priorities, including delivering new pricing models on leading-edge platforms as part of the wider underwriting transformation. Developing new predictive models and delivering consistent and scalable Actuarial pricing and portfolio analytics MI (Management Information) and standards across LII and LMRe, working closely with Pillar Actuaries and Underwriting. responsible for actuarial reserving analysis across LII and LMRe businesses providing transparent and independent view of business performance through consistently applied reserving best practice. Acting as independent trusted advisors to the business, the team is responsible for objectively communicating the quarterly reserve analyses with insight and confidence
Actuarial Modelling Team: Maintains and develops the Internal Model for capital assessment and solvency reporting requirements of the legal entities. Working closely with the Actuarial teams above and other LII and LMRe Enterprise Risk Management and Finance business functions in parameterisation, validation and modelling infrastructure; supporting risk and return on equity-based decision making across the business.

About Liberty

Liberty International Insurance and LMRe are part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:Offering a vibrant and inclusive environment and committing to their career development. Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment. Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals. A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:
https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us
https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion