Job Introduction

We have an exciting opportunity for a Reserving Actuary to join our Reserving team based in either Leeds or London!

Our Reserving Actuary will play a leading role in delivering the actuarial reserves for financial year-end, which allows MPS to assess its solvency, as a well as intra-year monitoring the same, alongside designing and implementing actuarial models, undertaking analyses to provide insights for the business.

It will therefore involve contact with internal and external stakeholders. Role is a key support to the Head of Reserving and development of the Reserving Team is a key aspect in order to build a successful, sustainable team.

Role Responsibility

• Play a leading role in the valuation of MPS provisions for use in company accounts including all necessary reporting and additional analysis
• Monitor actual versus expected experience and liaise with other departments to ensure two-way dialogue in order to gain a better understanding of drivers and explain outputs to key parties.
• Manage the Syndicate reserving process including data provision, oversight of third party interactions, the reporting process, and any additional analysis
• Play a key role in reviewing the reserving process and designing and building enhanced processes to enable more frequent reporting and for more regular insights and analysis to feed into other business
• Provide technical leadership to the Reserving Team, identifying learning opportunities and supporting up-skilling that enhances departmental resilience and increases capability
• Ensure that all in-scope work complies with the Reserving Policy, Capital Modelling Policy, Reinsurance Policy, and any other relevant policies

The Ideal Candidate

• Excellent analytical and problem-solving skills
• Able to present data, analysis and conclusions clearly both orally and in a written format
• Experience of leading & reviewing  reserving work
• Fellow of the Institute of Actuaries or equivalent
• Expert knowledge of Non-Life Reserving

We welcome applicants from all backgrounds, and we encourage you to apply even if you feel you do not match 100% of the technical requirements. We celebrate diversity, promote inclusivity and strive to create a work environment which ensures everyone can be heard.

Package Description

• Up to 15% discretionary annual bonus
• Annual performance-related pay review
• 11% pension contribution (3% from you, 8% from us – optional additional matched 3% contributions, e.g. 6% from you, 11% from us)
• 25 days annual leave plus flexible bank holidays (option to buy/sell additional 5 days)
• Private Medical Cover
• Career development and progression opportunities – 22% of our vacancies in 2023 were filled internally
• A truly flexible hybrid-working arrangement (take a look at below to find out more about how we work)
• A culture that promotes inclusivity, wellbeing and rewards hard work
• Car Salary Sacrifice scheme
• Healthcare cash plan
• 6x salary death in service
• A personal GP service enabling you to get a video consultation with a NHS-registered private GP
• Employee Assistance Programme
• A range of shopping discounts from major high-street retailers

About the Company

Medical Protection Society (MPS) is the world’s leading protection organisation for Doctors, Dentists and healthcare professionals. We protect and support the professional interests of almost 300,000 Members around the world.

We are a not-for-profit organisation, meaning our Members’ premiums are kept safe should our Members require support for complaints or claims arising from professional practice, or invested into bettering the organisation, our colleagues and our products.

Our philosophy is to support safe practice in medicine and dentistry by helping to avert problems in the first place. We also actively campaign for regulatory and legal reforms that benefit Members and the wider healthcare professions.

To do this, we need colleagues who are trusted and supported to deliver their best work, whether that be through leadership development, fully-funded training courses or peer-to-peer support. We want our colleagues to feel empowered enough to deliver positive change, display ambition to push themselves and are determined when faced with a challenge, whilst ensuring our Member’s best interests are at the core.

Next Steps

If you are interested in finding out more, looking for a new role and want to join an organisation that truly values its employees, take a look at the role profile to find out more about the role to apply.

Our Talent Acquisition team are always on hand should you have any questions, are having any technical issues or wish to understand how MPS can support you with your application and interview. You can contact our friendly Talent Acquisition team by emailing careers@medicalprotection.org

Medical Protection Society