Senior Reserving Actuary

About the role

Carries out the reserving process, ensuring quality of data inputs, calculations, and outputs while highlighting associated limitations and uncertainties.

Responsibilities

• Analyzes technical reserves on a quarterly basis for multiple lines of business using standard actuarial techniques.
• Performs analysis on large data sets using appropriate tools and techniques.
• Conducts data reconciliation between various systems and reports to ensure reliability and completeness of reserving data; highlights data limitations and feeds back to operational teams for remediation.
• Communicates results, movements, and key uncertainties from reserving analysis to technical and non-technical audiences for quarterly and ad-hoc analyses.
• Prepares supporting documents for quarterly and annual governance structures, including divisional reserving meetings and input to the Reserving Forum.
• Supports the Finance department with preparation of analysis and reporting on reserve-related items.
• Maintains a working knowledge of all reserving bases (Ultimate, GAAP, SII, IFRS, US Situs), including their purpose and differences.
• Implements statistical analyses and investigations as requested by the actuarial management team.
• Assists with process improvement and development of effective tools for reserving analysis.
• Encourages and develops feedback loops with other Actuarial sub-teams and departments for inputs/outputs to reserving processes.
• Partners with Claims, Underwriting, Risk, Finance, Management, and Actuarial teams to understand the impact of initiatives and book of business changes, incorporating them into ongoing reserve analyses.
• Engages other areas of the business (e.g., underwriters, claims, finance, and business planning teams) with inputs and outputs from reserving, including feedback loops.
• Recognizes, implements, and reviews process improvements and development of effective tools for reserving analysis.
• Mentors and provides guidance and training to actuarial colleagues and the wider business.

Requirements

• 5-8+ years of actuarial experience in P&C insurance, with a strong focus on reserving.
• ACAS required; FCAS preferred or near completion.
• Experience across commercial or specialty lines of business.
• Strong technical reserving capabilities, including application of multiple methodologies and informed judgment in selecting assumptions.
• Ability to communicate complex results and uncertainty clearly to non-actuarial stakeholders.
• Experience working with large datasets, with strong Excel and data modeling skills.
• Proficiency in SQL, Python, or similar tools, with the ability to leverage modern analytical approaches to enhance insight and efficiency.
• Demonstrated ability to identify trends, evaluate underlying drivers, and challenge assumptions with a balanced and practical perspective.
• Strong collaboration and communication skills, with the ability to work effectively across actuarial, underwriting, claims, and finance teams.

Benefits

• Hybrid working model.
• Competitive base salary.
• Non-contributory 401k.
• Discretionary bonus.
• Medical, dental, and vision insurance.
• Additional benefits to enhance financial, physical, social, and psychological well-being.

Pay

$150,000 - $200,000

About Us

Canopius is a global specialty lines (re)insurer and one of the leading insurers in the Lloyd’s of London insurance market, with offices in the UK, US, Singapore, Australia, and Bermuda. We foster a distinctive, positive culture that encourages employees to flourish as people and build a business delivering profitable, sustainable results. Canopius operates a flexible, hybrid working model and is committed to providing an environment where everyone's unique contributions are recognized, valued, and respected.