Reserving Actuary

Working Location: Nationwide

This role can be based in either Milton Keynes or London; flexible working arrangements can be discussed

Employment Type: Full Time, Permanent

Closing Date: 1 st November

Job summary:

As a Reserving Actuary at NHBC, you’ll play a key role in assessing and reporting our reserves across our 10-year new home warranty and insurance portfolio. Working closely with the Head of Reserving, you’ll provide insight and recommendations that support senior decision-making across the business, while contributing to areas including business planning, pricing, capital modelling and reinsurance. This is a great opportunity for a qualified actuary with strong reserving experience to work on interesting technical challenges, influence key business decisions and help shape and improve our reserving processes.

What you’ll be doing:

• Lead and contribute to quarterly updates of Technical Provisions, including analysis and recommendations.
• Communicate key reserving insights and outcomes to senior stakeholders and committees.
• Support regulatory, reinsurance and business planning reporting.
• Provide reserve-related input into capital modelling, pricing and strategic initiatives.
• Work closely with the Head of Reserving to plan and deliver the reserving cycle.
• Identify opportunities to improve reserving processes and drive efficiencies.
• Build strong relationships across the business and mentor and support junior team members.

What we’re looking for:

• A qualified Actuary, or equivalent, with several years’ reserving experience in general insurance, either in-house or consultancy.
• Strong knowledge of actuarial techniques, market practice and the general insurance environment.
• Excellent analytical and problem-solving skills, with strong attention to detail.
• Confident communicator with experience engaging and presenting to stakeholders at all levels.
• Strong prioritisation skills and the ability to manage multiple priorities effectively.
• A proactive, resilient and innovative approach, with a willingness to improve existing processes.
• Strong IT and data skills, ideally including SQL and Snowflake.
• Experience with Python, R or similar would be desirable.

What we offer

Our benefits package includes:

• 27 days annual leave + bank holidays
• enhanced pension scheme (up to 10.5%)
• life assurance
• subsidised private medical insurance
• employee discounts platform
• enhanced maternity, paternity, adoption leave and pay for all new parents

+ many more!

Who we are

At NHBC, we pride ourselves on being truly unique. No other organisation in our sector matches the range of services and scale we provide. As the market leader, we are recognised as the go-to for new home warranties and insurance. Our team is united by a core purpose: to raise the standards of house building and protect homeowners.

Why you should join us

As a modern, family-friendly employer, we’re in a phase of rapid growth, embracing technology, data and new ways of working. We’re seeking passionate, skilled and driven individuals to join us on this exciting journey.

Once onboard, you’ll have access to fantastic opportunities for personal and career growth. You’ll receive thorough training, continuous development and the chance to earn recognised qualifications and professional memberships to support your journey.

We support flexible working and encourage our colleagues to find a balance that suits them. While we may not be able to accommodate every request, we’re always happy to have a conversation about flexible working arrangements.

Our inclusive culture

We are dedicated to fostering an inclusive culture where everyone feels empowered to bring their authentic selves to work. We firmly believe in the right of all our employees and customers to be treated fairly, with dignity and respect, and free from discrimination. Our active employee networks support colleagues and their allies, providing safe spaces for open conversations and idea-sharing.

We are a Disability Confident organisation committed to fair and inclusive recruitment. Our first step is to review applications to ensure candidates meet the essential criteria for the role. We assess skills, experience, and potential objectively, and provide support or reasonable adjustments where needed. Candidates who meet the criteria will progress to the next stage.

Work for the UK’s leading independent provider of warranty and insurance for new-built homes.

We have a range of job opportunities across the UK, including field and home-based roles within corporate, business operations and field tech. We welcome experienced professionals and those new to the world of work such as trainees, and with our flexible working approach we are open to helping you find a role that works for you.

Why work for NHBC

NHBC colleagues have access to a wide range of additional benefits and we ensure our packages are attractive to current and potential employees.

Flexibility

Working flexibly is part of our commitment to supporting a positive work-life balance and we are always happy to talk about flexible and hybrid working, wherever possible.

Bonus

• We offer a yearly performance based bonus to all employees based on a percentage of salary.
• 27 days holiday + bank holidays with the opportunity to purchase extra days.

Enhanced leave and pay

We offer equalised maternity, paternity, adoption leave and pay for all new parents.

We recognise the valuable contribution that our colleagues make, benchmarking our salaries, against the wider market to ensure our packages are attractive.

Our Diversity Equity and Inclusion (DE&I) strategy is focused on providing a shared direction and commitment for the organisation to respect and value our diverse workforce and continue to build a more inclusive workplace. We aim to attract and retain a workforce that represents the communities in which we work.

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