Pricing Actuary Intern

2 weeks ago


Southampton, United Kingdom Utmost International Full time

Please note, this role can be based in either the Isle of Man, Guernsey, UK (Southampton) or Ireland (Navan or Dublin) offices.

The Utmost Group is a specialist life assurance group established to be a leading consolidator in the European insurance market.

We are shaped by our values and committed to putting customers’ needs at the centre of our business. We serve our customers by providing simple and smart solutions that quickly resolve their problems and that are focused on their needs. We are also deeply engaged in Corporate Responsibility – a commitment rooted in our work as insurers, but that also goes beyond our business vocation.

What we do

Our specialist financial solutions are provided across two business lines:

Under the  Utmost Wealth Solutions brand we provide sophisticated insurance solutions as a wealth structuring tool for high net worth and ultra-high net worth individuals. The company is a leader in the global wealth insurance market, with a major presence in wealth protection and savings markets in Italy, UK, Spain, Portugal and Finland.

Our  Utmost Corporate Solutions business is a leading provider of specialist group risk solutions to the Irish corporate market. Our range of products includes Group Life Cover, Group Income Protection and Group Critical Illness Cover. We are the Generali Employee Benefits Network partner for Ireland and for all multinational companies and captive clients.

Job Purpose

  • To contribute to the Proposition Management and Development (PMD) function of Utmost Wealth Solutions by partaking in product development & product enhancement, including pricing, design, profitability, market position and analysis of new opportunities, in conjunction with other areas of the PMD function.
  • To communicate and liaise with relevant staff for product development, including the evaluation of ideas and suitability of recommendations.
  • To carry out, or provide actuarial support for, investigations of both internal and competitor data for product development work including product changes in the market.
  • To provide actuarial support to quotes, illustrations, past performance figures and other marketing aids in order to meet business targets.
  • To provide actuarial support in the development and maintenance of quotation and illustration systems and to provide non-standard quotes and illustrations
  • To support Sales and Operations with product technical queries.
  • To assist in monitoring the ongoing performance of products including target market suitability, profitability, persistency, competitiveness, etc;
  • To assist in liaising with the Actuarial department to agree methods and assumptions for pricing and profit testing.

Required Knowledge, Skills & Behaviours

  • Currently studying for Actuarial/Maths degree with intention to progress with the actuarial exams after college;
  • Strong computer skills including some or all of the following: MS Excel, Word, Access; Visual Basic; Iris-C; SQL;
  • Attention to detail and accuracy. Take pride in, and responsibility for, the quality of your work;
  • Excellent verbal and written communication skills;
  • Excellent written and verbal skills#
  • Ability to work with senior and executive management
  • Ability to think creatively
  • A diligent and self-motivated attitude to work;
  • Ability to be flexible and to multi-task while meeting deadlines.
Key Responsibilities

Key Tasks

Key Requirements

Target Grade

Group

Group Utmost Group Limited

Company

Company Utmost Holdings Ireland Limited

Entity

Entity UHIL - USIL

Business Department

Business Department USIL - Proposition Management & Development

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