Chief Reserving Actuary

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 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: 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 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 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 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 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 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.