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Projects Actuarial Analyst

2 weeks ago

London, Greater London, United Kingdom Free-Work UK Full time £60,000 - £80,000 per year

Introduction

At RSA, we believe insurance is about people, not things. We provide our inspiring colleagues the support and opportunity to grow together, shape the future, and win as a team. We are going through a transformation journey, providing our people with opportunity to be integral to improving our service and delivering better products to brokers and customers. We are a proud member of the Intact family, we feel part of something bigger, with a presence in North America, the UK and Europe.

We have a bold ambition to become the best Commercial Lines business in the UK, demonstrated by our recent acquisition of NIG and Farmweb, allowing us to scale by leveraging our combined financial strength and importantly ensure our people feel the benefits of our joint capabilities.

We are currently recruiting for a Projects Actuarial Analyst to join our established and experienced Corporate Actuarial team here at RSA on a hybrid basis.

Your role

The key purpose of your role is to be part of the team that prepares, analyses, calculates, improves, validates and reports on all Solvency II/UK and IFRS17 aspects of our reserves and technical provisions outside the actuarial analysis covering IELR calibration, actuarial indication patterns and methodology in the reserve review and roll-forward booking.

The other main purpose of this role is to work as part of the team responsible for all project, development and improvement work within the Corporate Actuarial function. This is the work to drive change through new technologies, techniques and ways or working to relentlessly improve our actuarial services.

The working day timetable requirements around the SII/UK and IFRS17 booking responsibilities, combined with the global nature of our team, will require occasional working day/hour flexibility particularly at quarter-end booking.

You will typically be around the actuarial trainee or part-qualified actuary level. Reserving Consultants in the team will be supporting and guiding Analysts in achieving their goals.

Candidate Profile
About you

To be successful in this role you will need good communication skills, coupled with stakeholder management skills. In addition to being a qualified or part qualified actuary, you will have good numeracy, mathematical and problem solving skills, with the ability to work independently and as part of a wider team.

You will have good technology skills and having exposure to key reserving software (e.g. ResQ) or wider software skills that can be applied to reserving models or improvements (e.g. Excel, VBA, R, Python etc).

You will need to be able to challenge standard thinking, as well as being an independent, self-starter.