Graduate Trainee Actuary

3 weeks ago


London, United Kingdom Citygrad Full time

We are currently looking for ambitious 2023 graduates to join Convex one of the world leading and most innovative insurance and reinsurance businesses as Graduate Underwriters.

Convex is an international specialty insurer and reinsurer founded by Stephen Catlin and Paul Brand. With operations in London, Bermuda, Europe and the US. Our ambition is to offer something unique to our clients, our stakeholders and each other. Bringingtogether some of the most experienced people in the market, being independent and starting with a new balance sheet offers an incredible opportunity to take a fresh approach.

Convex is looking to hire an inquisitive Actuarial graduate to support the team in achieving its purpose which is to help improve risk-based decision making of the Underwriting teams and thereby influence the successful delivery of the underwriting businessplan.

We do this by performing Reserving studies and feeding insights from those studies into the business but also by shaping and influencing the day-to-day activities of Underwriters, Portfolio Optimisation, Claims, Pricing, Finance, Exposure Management & StochasticModelling.

Our Actuarial graduates have a top-tier aptitude for numbers, a desire to complete the actuarial exams (which we offer full support) and strong problem solving and critical thinking skills.

Key Responsibilities:

- Reserving activities for major events and US GAAP
- Compliance with Solvency II including calculation of Technical Provisions and the Standard Formula, as well as the Actuarial Function Reports
- Partnering with the business on key strategic projects
- Analysing external data
- Developing solutions for reserving using technology
- Liasing with different functions including claims, finance, underwriting and data
- Understand, manipulate and analyse internal data



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