Mixed GI Actuarial Analyst -- International Specialty Insurer

London, United Kingdom
GBP45000 - GBP65000 per annum + Bonus, pension, negotiable
13 Sep 2022
13 Oct 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
New Role: Mixed Actuarial Analyst GI
Specialty Insurer - City of London
£45,000 - £65,000

A world leading international specialty insurer is currently seeking a junior mixed analyst to join their well-established team. The role focuses on providing support across the Reserving team as well as assisting actuarial colleagues in the Pricing, Planning, Finance and Capital Modelling teams. The successful candidate will be required to assist in the production and analysis of specific project based work, across multiple lines of business.

The successful candidate have a direct reporting line to the Deputy Reserving Manager and exposure to the Head of Reserving. You will provide analytical support in all areas of the actuarial function, supporting Solvency II Technical Provisions calculations and reporting processes. You will also be required to input and assist with loss ratio planning processes, and support the finance team on P&L impact. The successful candidate will need to successfully liaise with stakeholders in the Underwriting, Claims, Actuarial management and Finance teams.

It is essential that you have experience as an actuarial analyst in non-life, life, or pensions. Previous reserving experience would be desirable. The ideal candidate would have a desire to further their professional development by undertaking professional qualifications (a competitive study package is offered).

A number of duties include:

Reserving Duties:
  • Quarterly reserving for multiple lines of business.
  • Communicating analysis with a vast array stakeholders of the business from Underwriters to finance.
  • Exposure to Solvency II and IFRS 17.
  • Managing conflicting demands from stakeholders and building relationships.
  • A proactive approach to streamlining complex actuarial problems.
  • Support Solvency II Technical Provisions calculation and reporting process.
  • Input to and assist with Loss Ratio planning processes.
  • Assisting the reserving team in statutory reporting requirements for both Lloyd's and the PRA.

Pricing Duties:
  • To assist in the pricing of policies by working closely and establish an excellent working relationship with the Underwriting teams.
  • Pricing of large individual accounts, often across multiple lines of business.
  • Working with underwriting teams to provide ad-hoc pricing support and individual case pricing in line with best practice actuarial techniques.
  • Rating model development.
  • Loss ratios.
  • Portfolio reviews.
  • Working with underwriters on new product development.

Capital Modelling Duties:
  • Interpreting results and producing reports to the key members of the business.
  • Import/validate data into calculations to ascertain information.
  • Assist in the collaboration of information from other areas of the business and then run the results into the external system.
  • Build automated tests to assess team's output.
  • Follow all regulatory requirements.

From you they are looking for:
  • Mathematics/Science-based degree or equivalent.
  • Any progression through the Actuarial exams
  • An excellent problem solving and analytical mind.
  • Previous experience in Reserving is a preference.
  • A consultancy background with reserving would be very valuable.
  • Excellent ability to simplify key information and present it to stakeholders.
  • Additional languages would be desirable

#generalinsurance #lloydsoflondon #actuaryjobs

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