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Head of Reserving

Fairbank Partners
Hong Kong (HK)
HKD 2.2million (GBP £225,000) bonus 30%. Relocation allowance
Closing date
1 Jun 2024

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Job Details

Join a global leader in the Reinsurance sector as they search for a talented Head of Reserving to lead their actuarial team! Reporting to the CFO, you'll play a vital role in shaping the company's financial future.

You will need to have experience in Reinsurance, as well as P&C and Life. 80% of the role is P&C, 20% Life.

Key Responsibilities:

  • Lead quarterly reviews of premium, loss, and expense reserves for all P&C lines.
  • Oversee quarterly valuation of the L&H business.
  • Fulfill statutory roles, ensuring compliance with actuarial reporting and valuation requirements.
  • Lead IFRS 17 closing from reserving and collaborate with Finance on bridge analysis.
  • Act as a key person in-house for quantitative analyses related to reserving and solvency.
  • Present quarterly reserve analyses to senior management and stakeholders.
  • Collaborate with external consultants for independent analysis of reserves.
  • Continuously enhance the reserve process and provide suggestions for improvement.
  • Contribute to planning and controlling processes, reflecting insights from reserving exercises.


  • Experience with reinsurance knowledge and M&A experience.
  • Fellowship in a professional actuarial society (e.g., FIA, FIAA, or FCAS).
  • Detailed technical knowledge of reserving and related areas.
  • Good command of IFRS 4 and IFRS 17.
  • Strong interpersonal skills and ability to work independently.
  • Fluent in written and spoken English.
  • P&C and Life experience 

Company Culture:

  • Emphasis on teamwork and collaboration across functions.
  • Supportive of corporate vision, strategy, and mission.
  • Adaptability to efficient company practices and limited resources.
  • Encourages transparent communication and result-oriented culture.

Personal Attributes:

  • Strong work ethic and business focus.
  • Excellent problem-solving and communication skills.
  • Ability to work under pressure and deadlines.
  • Client-oriented and proactive approach.
  • Detail-oriented and highly organized.

Performance Measures:

  • Enhancement of reserving and capital tools and processes.
  • Successful sign-off of reserves from management, external actuaries, and auditors.
  • Efficient communication and collaboration with underwriters and stakeholders.
  • Completion of projects on time and to agreed deadlines.


  • Finance, Claims, Analytics, Underwriting, Markets, Risk Management, L&H, Investment, M&A.


Fairbank Partners is one of the world's leading specialist actuarial recruitment consultancies. Covering the UK and International Actuarial market, we pride ourselves on being market experts working with you to find the right opportunity. Our consultants specialise in Life Insurance/Re-Insurance, General Insurance, Insurance Risk and Pensions/Investments operating at all levels from Students to Senior Searches. If you are interested in any of our vacancies, or curious about opportunities available to you, do get in touch.

Company info
+44 (0) 203 869 2000
10-13 Lovat Lane

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