Brit Insurance • London

Reserving Manager - IFRS17 & Group

Employment type:  Full time
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Job Description

We’re looking for a Reserving Manager

About Brit

At Brit, we believe that the uncertainty of the future should never stand in the way of progress. That’s why we exist. To help people and businesses face the future and thrive. We are change-makers enabled by a global workforce who collaborate to deliver a risk service. A team empowered to help our customers not only to survive the risks they face, but to stay on the front foot and keep moving forward. We believe the uncertainty of tomorrow isn’t something to fear but to seize; that it’s full of potential. Not only for our customers but our employees too.

We might write the future of risk for our brokers and clients, but we would love to help you write your future at Brit: a future based on not just progressing but on thriving – both professionally and emotionally. If you’re looking for a place to make a real difference read on.

What you’ll be doing

Are you a qualified Actuary looking for a development focused, tight-knit and collaborative team in which to further learn and grow your career? Look no further…

In this role you’ll be assisting the Head of Reserving for IFRS 17 and other related areas. You’ll be the key point of contact for Finance teams, as well as supporting other Group Functions in respect of Actuarial related activity. This role will see you manage and assist with the design and implementation of process efficiencies relating to IFRS 17, SII and Reserving and related areas.

Some of the main tasks you will be focused on will be;

To maintain and develop the Group’s IFRS 17, reserving and technical provisions processes ensuring compliance with the Group’s Internal Policy Documents and any external regulatory requirements/standards.
To regularly review and challenge actuarial processes and raise suggestions/issues as appropriate with the Head of Reserving and managementValidation of results and consolidation of impacts across classes to assess impact at Group and Entity levels. Support the valuation of technical provisions on a Solvency II basis for each BSL syndicate.Support the IFRS17 implementation including the design and build of solutions as required.

Our Actuarial team empower underwriters to make better, data-driven decisions.

We welcome everyone wholeheartedly

We’ve got a truly diverse, genuinely inclusive work environment. We comfortably and confidently bring our whole selves to work, because we know we’ll be respected, valued and accepted whoever we are. Our Employee Resource groups are safe spaces for people to share their experiences, aspirations and suggestions about how we do things.

Company benefits

Shared parental leave
Enhanced paternity leave
Enhanced maternity leave
Adoption leave
Health insurance
Dental coverage
Non-contributory pension
Annual bonus
Share options
Season ticket loan
Life assurance
Cycle to work scheme
Faith rooms
Pregnancy loss leave
Fertility treatment leave
Carer’s leave
Open to job sharing
Open to part time work for some roles
Gym membership
Compassionate leave
Menstrual leave
Bank holiday swaps
Volunteer days
Employee assistance programme
Salary sacrifice
Charity donation scheme
L&D budget
Enhanced sick pay
Enhanced sick days
Mental health platform access

We asked employees of Brit Insurance how satisfied they were with flexible working, and this is what they told us

Employees are largely happy with their working location freedom
Employees are largely happy with the flexibility in the hours they work
Employees are largely happy with the benefits their company offers
Work-life balance
Employees feel that they can switch off quite easily from work
Role modelling
Employees feel that most people work flexibly
Employees feel that they can mostly manage how they get their own work done
Working at Brit Insurance

Company employees

Approximately 650

Gender diversity (male:female)

Approximately 2:1

Office locations

London & Bermuda

Hiring Countries

United Kingdom