Graduate Actuarial Analyst

4 weeks ago


London, Greater London, United Kingdom Westfield Full time

Job Description
Key Accountabilities

  • Support the build, development and review of the rating models for each line of business.
  • Assess and determine the pricing adequacy on individual accounts both open market and binders.
  • Monitor and report of key pricing metrics - adequacy and rate change - for internal and external use.
  • Support portfolio analysis work carried out by the pricing team to achieve any underwriting strategy or portfolio steering targets.
  • Support the examination of historic loss information (internal and external data) across the portfolios to enhance the performance of the accounts.
  • Gain knowledge of the market, and learn about advanced pricing methods, to support adapting pricing techniques in order to achieve organisational targets.
  • Begin to build effective working relationships with the underwriting department and other key stakeholders, providing training and support to underwriting teams where necessary.
  • Ad hoc analyses to support management as required.
  • Participate in group-wide pricing or actuarial projects.
Role Requirements
Skills/Competencies

  • Ability to work in a team environment
  • Desire to focus on both business and technical issues
  • Ability to apply independent thought to coming up with solutions to business problems
  • Able to communicate technical ideas to non-practitioners in a clear and concise manner
Experience

  • Basic Excel skills desirable.
  • Experience using programming languages such as Python, R or SQL desirable.
PRA Conduct Standards

  • You must act with integrity
  • You must act with due skill care and diligence
  • You must be open and cooperative with the FCA, PRA and other regulators
  • You must take reasonable steps to ensure that the business of the firm for which you are responsible is controlled effectively
  • You must take reasonable steps to ensure that the business of the firm for which you are
responsible complies with the relevant requirements and standards of the regulatory system

  • You must take reasonable steps to ensure that any delegation of your responsibilities is to an appropriate person and that you oversee the discharge of the delegated responsibility effectively
  • You must disclose appropriately any information of which the FCA or PRA would reasonably expect to have notice
  • When exercising your responsibilities, you must pay due regard to the interests of current and potential future policyholders in ensuring the provisions by the firm of an appropriate degree of protection for their insured benefits
FCA Conduct Rules

  • You must pay due regard to the interests of customers and treat them fairly
  • You must observe proper standards of market conduct

Qualifications

  • Expecting to join the Institute of Actuaries and beginning taking the actuarial exams.
  • 2:1 or above in a highly numerate degree.
  • Grade A at A-Level Mathematics.

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