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Actuarial Insurance Trainee Reserving

GerrardWhite
Job LocationManchester
EducationNot Mentioned
Salary28,000 - 36,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent , full-time

Job Description

Actuarial Trainee - ReservingSalary: £28,000 - £36,000 depending on experience and an excellent benefits package. Hours: 35 hours a week Monday to Friday Location: Manchester, Greater Manchester (Hybrid Working) About Our ClientMy client is a leading and expanding motor insurance group who are renowned for their staff reward and recognition and are ranked highly in The Times Top 30 Big Companies to work for. The Group are a modern and progressive group of companies incorporating majornames in the automotive and insurance industries, who are currently recruiting for their Reserving team. Overview:You will provide actuarial and data analytical analysis to support the relevant department to deliver their objectives, and deliver assigned pieces of work as directed. Responsibilities:

  • Support Reserving team to ensure delivery against business plans.
  • Undertake highly technical / complex analysis using actuarial techniques under the guidance of the senior team members, providing quality assurance.
  • Support in producing Reserving and other Actuarial input into business planning, regulatory reporting, re-insurance placements and M&A transactions.
  • Input into the production of exhibits and presentations for key internal and external stakeholders (Pricing, Underwriting, Claims, Reinsurers and Regulators as required).
  • Continually improving the actuarial control cycle, by improving and developing processes to improve reserving accuracy and efficiency.
  • Driving personal development and demonstrate a positive attitude.
  • To ensure that:
  • Customers are always considered in all actions,
  • All regulatory requirements including DPA, FCA, TCF and other are met, and
  • To adhere to all relevant Company policies and processes.
  • To undertake other reasonable responsibilities and projects as instructed by their line manager.
Qualifications:Essential Skills Graduate level position up to two years experience - no prior direct experience required.
  • Ability to perform accurate calculations under time pressure
  • Can interpret analytical outputs in the context of the question posed.
  • Ability to communicate results in a clear and concise manner to senior members of the team
  • High level of computer literacy with good understanding Microsoft packages
Desirable Skills
  • Ability to manage time effectively
  • Has a good understanding of Insurance products.
  • Interpersonal skills and self awareness - proactive in seeking out development opportunities

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