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Senior Actuarial Analyst

Job LocationLondon
EducationNot Mentioned
Salary£44,640 - £66,960 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

Job Title: Senior Actuarial AnalystSalary Range:up to £50,000Location: London or EastleighSenior Actuarial Analyst: Our Ageas Actuarial Commercial team are looking to bring on board an experienced Senior Actuarial Analyst to join our successful London or Eastleigh office. The role has become available due to department growth and offers element of remote working and/or flexible hours.The Senior Actuarial Analyst will play a leading role in reserving, pricing support, capital modelling support, performance monitoring and forecasting and other ad hoc projects. Current high profile projects the team are involved with include technical pricing reviews, the re-design and automation of key processes and Covid-19 claims and exposure reporting. As the department forms a key link between other departments, the Senior Actuarial Analyst will work directly with individuals across all areas of the business, including Underwriting, Pricing, Finance and Claims, therefore strong communication and rapport building skills is a must.Owing to the varied nature of this role the Senior Actuarial Analyst will have a high degree of autonomy to work independently on a number of specific projects and analysis, with the flexibility to explore own ideas and work off of their own initiative.The ideal Senior Actuarial Analyst needs to have experience in reserving and/or pricing of general insurance lines, ideally in Commercial Motor business, and must have experience in data analysis and programming packages, such as SAS, R or Python. This is a fantastic opportunity for someone who is looking to advance their actuarial career, who enjoys autonomy and variety in their role and is data-driven.The main responsibilities of the Senior Actuarial Analyst:

  • Oversee and communicate elements of the quarterly reserve reviews, as well as additional claims related analysis.
  • Communicate analysis and make recommendations to Underwriters, Claims Managers and Senior Management.
  • Support the production of analysis of Claims performance, identifying trends and features, which include the interpretation and communication of suitable recommendations to Senior Management.
  • Work on ad hoc pricing projects with the overall aim of having a direct impact on profitability.
  • Enhance the teams capabilities by supporting automation projects and the adoption of new software, tools and techniques in analytics.
  • A pro-active use of available data to support the Underwriting and Claims functions in making effective and informed business decisions.
  • Assist in the development, maintenance and interpretation of relevant MI in relation to the companys underwriting performance and pricing strength.
  • Support the development of other team members on a day-to-day basis. Line management opportunities would be available for the right candidate.
  • The successful Senior Actuarial Analyst will have the following:
  • A 2.1 degree level mathematics/statistics or equivalent
  • A minimum of 3 years or relevant experience in reserving and/or pricing of general insurance lines. Experience of Commercial Motor business is particularly desirable.
  • A high level of understanding of modern actuarial and statistical modelling techniques is essential.
  • Skills in data analysis and programming packages, for example SAS, R, Python, etc.
  • Experience with claims reserving software, for example ResQ or Psicle.
  • Excellent skills in explaining, both internally and externally to key business partners, pricing decisions based on detailed analysis.
  • Here are some of the benefits you can enjoy within the Senior Actuarial Analyst:
  • A competitive pension for which Ageas will pay twice the amount.
  • Generous amount of holidays with the option to buy up to 10 additional days.
  • Annual Salary review.
  • Discretionary annual bonus based on personal and company performance.
  • Life assurance of 4 x salary with the option to flex up.
  • Return to work programme scheme.
  • Flexible benefits package (private medical insurance, health and dental plans, free life assurance policy, discounted gym membership, cycle to work scheme as well as discounts with a wide range of retailers through our partner Perkz.com).
  • Support groups- well-being activities, yoga, mindfulness sessions, Sports and Social Club events and more.
  • About #Ageas:With a history of almost 200 years we pride ourselves on being a leading provider of award-winning insurance solutions in the UK. Weve scooped a Gold Standard Insurance Award for the last nine years running and received a five star defaqto rating for offering the highest quality products in the market. We take pride in creating a supportive, inclusive and safe environment, encouraging people to bring 100% of themselves to work every day and where our people are our most valuable asset. With over 2,800 employees based across our offices in Bournemouth, Eastleigh, Gloucester, London and Manchester, our people help Ageas create a thriving, creative and innovative place to work, which is echoed in the service we provide to over five million customers. Required skills
  • commercial motor business
  • Keyskills :
    commercial mot business

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