Actuary – UK Regulatory Reserving

Overview

In this role you will support the Head of UK Regulatory Reserving across the Sompo UK business, focusing on the production, analysis, and communication of Solvency II Technical Provisions. You will work with the UK Actuarial Function to deliver regulatory reporting, governance, and insightful reserving analysis. The position offers collaboration across actuarial, finance and business teams and opportunities to drive process improvements. This is a chance to shape UK reserving practices within a global insurer and contribute to regulatory compliance and business planning.

Pay / Benefits

• Health & Wellness Benefits
• Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance
• Employee Assistance Program
• Tuition Reimbursement & Professional Qualification benefits

Responsibilities

• Support Calculation, Validation and Communication of UK Solvency II Technical Provisions for UK Entities (EWIL, SIIE, AIUK and AMAL)
• Produce Standard Formula and Cashflow Reports
• Perform Internal Model Technical Provisions calculations
• Ensure Data Validations, Controls and Reconciliations are in place
• Monitor and back-test assumptions and methodologies over time
• Assist in producing Actuarial Function Reports and other regulatory outputs
• Generate Management Information and commentary on reserving movements and trends
• Support Governance of Quarterly GAAP Reserving and central team review
• Contribute to process improvements, automation, and enhancements of reserving/regulatory requirements
• Support broader UK Actuarial Function initiatives including Business Planning, Capital considerations, and UK Risk Management Framework
• Develop actuarial expertise and stay updated on regulatory developments and industry practice

Key requirements

• Newly or nearly qualified Actuary
• Strong actuarial and analytical background
• Knowledge of General Insurance Reserving principles and Solvency II requirements
• Strong analytical and problem-solving skills with data analysis experience
• Strong communication skills for explaining technical concepts to stakeholders
• Ability to manage multiple deliverables with high-quality standards
• Strong collaboration and teamwork across actuarial, finance and business teams
• Experience with actuarial software, data tools, and reporting tools

• Collaborative
• Effective communicator
• Multitasking
• Solvency II knowledge
• General Insurance Reserving principles
• Data analysis

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