Reserving Actuary

Milton Keynes, England, United Kingdom

10/25/2024

Salary £60,000 - £100,000 (Dependant on Experience) + up to 10% bonus per annum

Working Location Remote

What we offer

• 27 days annual leave (plus bank holidays) and a holiday purchase scheme
• Generous pension scheme, with an employer contribution of up to 10.5%
• Life Assurance (x4 salary)
• Subsidised private medical insurance
• Cycle to Work scheme
• Employee discounts platform, including gym discounts
• 24/7 employee assistance programme supporting your mental wellbeing
• 2 days volunteer leave
• Equalised maternity, paternity, adoption leave and pay for all new parents
• Payroll Giving, this allows you to make donations to your chosen charity through monthly pay deductions
  
  
  

What You’ll Be Doing

The main focus of the role is the provision of quarterly reserve updates, related analysis and recommendations to the Executive. Reserve related information also feeds into strategic initiatives, the business planning process, pricing, capital modelling and reinsurance.

• Reserve related parameters of the NHBC’s internal capital model
• Quarterly updates to the Technical provisions
• Communication of key reserve assessment outcomes and analysis
• Reinsurance & Regulatory reporting and communication
• Planning of Reserving work
  
  
  

The ideal candidate will have

• A number of years Actuarial Reserving experience gained in a general insurance company or consultancy
• IFoA Qualification is advantageous but not requirement - if not achieved, demonstratable experience as a Reserving Actuary is required
• Knowledge of actuarial techniques, market practice, relevant legislation and insurance market environment, awareness of emerging market developments
  
  
  

Why you should join us

At NHBC we are proud to be unique. No other organisation in our sector combines the variety of services and scale that we offer. As the market leader, our name is synonymous with new home warranty and insurance. Our people are driven by our core purpose to raise standards in housebuilding and protect homeowners.

We are a modern, lifestyle and family friendly employer who are in a period of rapid growth, investing in technology, data and new ways of working. We need passionate, talented and driven people to join us on this journey.

We encourage our colleagues to work flexibly. We don’t promise we can offer you exactly what you want, but we are always happy to talk flexible working.

Your future with us

We have lots of fantastic examples across our business of people who are building their career with us. We are huge advocates of internal mobility and work hard to retain our best talent. We offer exceptional personal development and career progression opportunities. If you’re ambitious, driven and hard-working you will succeed with us. We’ll support you with full training, ongoing development, and the opportunity to gain recognised qualifications and professional memberships.

Our inclusive culture

We are committed to creating an inclusive culture that encourages everyone to bring their true selves to work. We fundamentally believe in the rights of all our employees and customers to be treated fairly, with dignity and respect, free from discrimination. We have active employee networks that support our colleagues and their allies, creating safe spaces for open conversations and the sharing of ideas.

If you need any adjustments or additional support with your application, please let us know at Recruitment@nhbc.co.uk