Reserving Actuary

Job Description

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

This role will contribute to the ongoing build out of Ascot’s in-house reserving capabilities, which is currently in a transition phase having previously been outsourced. During 2025 the Ascot team have taken responsibility for the setting and coordination of the quarterly reserves and are now defining and building the remaining components required for the end-to-end reserving process during 2025/2026.

The person will require both technical skills and the ability to pick up new things quickly and work effectively with different parts of the business, offering immediate support to the development of the reserving process. This role includes both project development / process improvement as well as quarterly reserving analysis. The person would be required to have the ability to adapt to support the ongoing analysis and reporting of reserves to benefit the wider business and regulatory requirements. Reserving responsibilities cover a wide range of lines of business written by the syndicate.

Detailed Duties

The role of the successful candidate may include the following:

Enhance The Capabilities Of The Reserving Function

• Contribute to the ongoing development of in-house reserving processes in collaboration with both internal and external resources, including the wider Ascot Group reserving function.
• Provide insight into both process improvements and development of new analysis to improve the output and robustness of the reserving process.
• Enhance Syndicate and Group reporting, including Lloyd’s reporting, accident year view of syndicate reserves, PYD analysis, analysis of change, IBNR forecasting and liability durations.
• Enhance reserving diagnostics (including but not limited to the use of both Power BI and Excel) and the use of these to communicate reserves to other departments.
• Assist in development of other team members, including reserving analysts and peer review of reserving analysis.
  
  

Wider Support of the Reserving Function

• Work collaboratively across the reserving function, both on a local and group basis. Ability to offer suggestions of improvements to processes and analyses.