Head of Reserving & Capital

Vacancy Name

Head of Reserving & Capital

Vacancy No

VN173

Employment Type

Permanent - Full time

Division

TRC

Area

Actuarial

Regulated Role

N/A

Line Manager Responsibilities

Yes

Location

London

Workplace

Hybrid

About the Role

Head of Reserving & Capital

London - Permanent - Full Time - (Hybrid 3 days in office, 2 WFH)

About the Role

We are seeking an experienced and commercially minded Head of Reserving & Capital to lead and own the reserving and capital function across our managed Mutuals. This is a senior leadership position offering the opportunity to shape actuarial strategy, influence key business decisions, and play a critical role in maintaining the financial strength and long-term sustainability of the organisation.

Reporting to the Chief Actuary, you will provide strategic leadership on reserving, technical provisions, capital adequacy, solvency and balance sheet management. You will act as a trusted adviser to senior stakeholders, delivering high-quality actuarial insight that supports effective decision-making, financial resilience and regulatory compliance.

This role offers significant exposure to executive leadership, governance committees, regulators and auditors, making it an excellent opportunity for an established actuarial leader looking to make a meaningful impact.

Your Responsibilities

Your Responsibilities

As Head of Reserving & Capital, you will:

• Lead and oversee reserving and capital frameworks, ensuring methodologies, controls and governance arrangements remain robust and fit for purpose.
• Drive reserve adequacy assessments and capital management activities, providing recommendations that support financial resilience and sustainable growth.
• Deliver high-quality actuarial reporting, insights and recommendations to senior leadership and governance forums.
• Lead the assessment of reserving uncertainty, emerging risks and solvency implications, enabling informed strategic decision-making.
• Provide actuarial leadership across reserve setting, reserving and capital strategy, and portfolio performance metrics.
• Champion continuous improvement, innovation and the use of technology to enhance actuarial analysis, modelling and reporting.
• Build strong relationships with Finance, Risk, Underwriting, Claims, Reinsurance and senior business leaders to optimise business outcomes.
• Lead, mentor and develop a high-performing actuarial team, fostering a culture of accountability, technical excellence and professional development.
• Act as the principal actuarial authority on reserving and capital matters, maintaining the highest standards of professional judgement and governance.

About You

About You

To be successful in this role, you will bring:

• Qualified Actuary status (FIA or equivalent) with significant post-qualification experience in general insurance reserving and capital management.
• Extensive experience leading reserving activities, including reserve adequacy assessments, technical provisions and actuarial governance.
• Strong knowledge of Solvency II / Solvency UK requirements, capital adequacy and balance sheet management.
• Proven ability to interpret complex actuarial analysis and communicate findings to executive stakeholders and governance committees.
• Demonstrable success influencing strategic decision-making in areas of uncertainty and financial risk.
• Experience developing actuarial teams and building capability through effective coaching and leadership.
• Excellent communication and stakeholder management skills, with the ability to translate technical actuarial concepts into clear business insight.
• Strong technical expertise in actuarial modelling, data analysis and reserving systems such as ResQ or equivalent platforms.

Desired Experience

• Mutual, P&I, Marine or Specialty Insurance markets.
• Internal model, economic capital or advanced capital assessment frameworks.
• International regulatory environments including Singapore, Hong Kong, Bermuda or Luxembourg.
• Experience using R, Python, SQL or AI-enabled technologies to enhance actuarial analysis and reporting.

About Us

Why Join Us?

This is a unique opportunity to take ownership of a critical actuarial function, influence strategic decisions at the highest level and help shape the future financial resilience of our Mutuals. You will join a collaborative and forward-thinking organisation where your expertise will directly contribute to business success and long-term sustainability.

Tindall Riley manages three insurance businesses. The Britannia Group ( Britannia P&I ), a mutual club that provides protection and indemnity (‘P&I’) insurance and freight, demurrage and defence (‘FD&D’) cover to shipowners and charterers around the world. The Griffin Insurance Association Limited (Griffin), an insurance mutual that provides professional indemnity insurance to broking firms and MGAs around the world. The Wren Insurance Association Limited (Wren), an insurance mutual that provides professional indemnity insurance to architectural practices operating in the UK and overseas. Today, we employ over 300 people globally across 9 offices and have a shared commitment to providing exceptional insurance services for our Members worldwide.

At Tindall Riley, our culture is defined by our core values :

• We think mutual: Our primary focus is serving our member’s needs and we are committed to providing the best service.
• We are one team : We collaborate across associations, teams, and geographies to deliver on our shared mission.
• We take ownership : We each contribute with pride, initiative, and accountability—bringing energy and focus to our work.
• We communicate respectfully : We listen, share openly, and value diverse views, fostering a culture of trust and transparency.
• We embrace the future : We’re open minded, adaptive to change, and curious about new technologies and ways of working.

We can offer you a competitive salary and a varied benefits package. We have a hybrid working policy, three days from the office and two days from home. We are proud of our friendly workplace culture, where we offer ample opportunities to socialise and connect with each other.

We are committed to the equal treatment of all current and prospective employees. We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply and join Tindall Riley.

To find out more visit our websites: tindallriley.co.uk, britanniapandi.com, griffin-insurance.co.uk, wrenmutual.co.uk