Serving our customers, communities, and planet a little better every day.

We deal in the personal – from pet insurance for your best friend, home insurance for peace of mind, motor insurance for your dream car, to travel money for that trip you’ve worked hard for. We always work with heart, offering warmth and friendliness in everything we do.

Opportunity

We’re recruiting a Head of Reserving to join our Actuarial Function at Tesco Underwriting, reporting to the Chief Actuary.

This is a key leadership and Certified role where you’ll bring expertise, insight, and collaboration to shape our insurance business’s future. You’ll work closely with the Chief Actuary, leading reserving strategy and contributing to broader actuarial initiatives supporting our long-term goals.

You’ll be part of a supportive, forward-thinking team where your voice is valued and your work makes a difference. There are also opportunities to build a strong network across Tesco Insurance and the wider industry.

The Role

• Leading reserving expertise across Tesco Underwriting’s insurance portfolio.
• Managing a team of qualified and student actuaries to meet objectives.
• Creating and presenting complex actuarial analyses, insights, and reports to support decision-making.
• Producing reserve recommendations based on statistical analysis and modelling.
• Developing and maintaining robust reserving processes aligned with Solvency 2 and IFRS 17.
• Analyzing claims experience and identifying areas for growth or concern.
• Ensuring data management policies are adhered to as data owner.
• Evaluating product line performance and assumptions, integrating with wider business models.
• Analyzing financial risks and advising on reserves, surplus, and dividends.
• Producing actuarial financial reports and disclosures.

Minimum Experience

• Strong technical expertise in actuarial reserving, with leadership experience in a regulated environment.
• Knowledge of the personal lines insurance market, including motor and home.
• Understanding of the economy’s influence on insurance.
• Collaborative mindset, with a passion for developing people and improving processes.
• Experience working with auditors and presenting to senior stakeholders.
• Experience supervising teams and leading projects in multidisciplinary settings.

Qualifications

• Fellow of the Institute and Faculty of Actuaries or equivalent, with over 5 years PQE.
• Degree or equivalent in mathematics or related discipline.
• Working towards or holding recognized actuarial qualification.
• Experience in a regulated actuarial/financial environment with proven delivery.
• Knowledge of PRA regulations and IFRS 17.
• Practical understanding of actuarial and statistical modelling techniques.
• Technical knowledge in reserving, especially for Motor and Home insurance.
• Proficiency in statistical and actuarial analysis software.

What’s in it for you?

• Retirement savings through our pension scheme.
• Virtual GP service for you and your family.
• Performance-related bonus.
• Generous holiday allowance, with buy options.
• Colleague discount with the Clubcard, increasing over time.
• Green Car Leasing Scheme and Company Car Allowance.
• Health screening and Critical Illness cover.
• Family-friendly policies, including enhanced maternity, shared parental, and paternity leave.
• Share schemes like Buy as you Earn and Save as you Earn.

Everyone’s welcome

We’re committed to an inclusive workplace that celebrates diversity. We believe diverse teams deliver better results and are dedicated to making everyone feel valued and included.

Additional Information

We support flexible working arrangements. Please discuss your needs during the interview process.

Interviews

Starting August 2025.