Actuarial Analyst

Location
London (Greater)
Salary
Compretative salary and excellent bonus scheme
Posted
03 Oct 2018
Closes
03 Nov 2018
Contract Type
Permanent
Hours
Full Time

Key Responsibilities

To support the team actuaries with the provision of detailed analysis, results drafting and presentation in respect of their key Divisional responsibilities as listed below:

Pricing/Rating

  • Data preparation and draft projections for large individual account pricing, portfolio monitoring and new business due diligence.
  • Support and development of underwriter exposure rating tools and data capture, including IT platform solutions.
  • Regular interaction with underwriters in all these aspects.

Capital Model and Business Plan Parameterisation

  • Premium risk parameterisation of claims frequency and severity distributions.
  • Providing Capital Model inputs and outputs for Actuarial team validation.

Reserving

  • Draft parameterisation of the biannual reserving process including the review and update of development pattern selection for presentation and discussion with Senior Actuaries.
  • Data preparation and draft analysis for ad-hoc “deep dive” portfolio segmentation and historical performance.
  • Development of market benchmark development patterns.


Reporting Lines and Management Responsibilities

  • Reports to the Senior Actuary.
  • Distribution channels are Global under both Company and Lloyd’s license, using open market and delegated authority.

Skills and Experience

  • Part-qualified Actuary, making good progress with the Actuarial examinations.
  • Minimum 2-3 years relevant work experience in the general insurance, reinsurance or consultancy field.  A background in London Market/Commercial Lines is preferable but not essential.
  • Requires educational attainments: 2.1 in a numerate/scientific degree.
  • Advanced MS Excel skills and strong working knowledge of common database software (SQL, MS Access) as a minimum and the opportunity to apply and/or learn coding skills (e.g. VBA, R, Python).
  • Strong interpersonal, verbal and written skills, communicating with a range of internal and external clients of varying experience, expertise and appreciation of actuarial techniques.

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