Actuarial Analyst

1 week ago

Leeds UK, West Yorkshire, United Kingdom DiverseJobsMatter Full time

We're looking for an Actuarial Analyst to join our Reserving Reinsurance team based in our Leeds office. You'll have the unique opportunity to work across lines of business written in both the Lloyds Market and London Market, without the need to be based in London.

As a key Insurance hub, our UK offices support business written globally, giving you broad exposure to different geographies and the opportunity to collaborate with colleagues around the world.

Your new role

Reporting to our Lead Actuary, you'll be a crucial piece in the overall support and provision of actuarial services, using our mature business processes, ensuring that business decisions are made using the best possible quantitative information.

Main responsibilities:

  • Supporting the forecasting of regular Technical Provisions, Reserve Margins, and Reserve uncertainties to provide appropriate analysis for reports and accounts, business planning, profitability studies and commutations.
  • Monitoring and reviewing reserve assessments with interim analyses including actual vs expected, large loss and catastrophe event reporting, business planning.
  • Investigating drivers of Reserve changes and communicating to the Reserving Manager.
  • Using appropriate systems and established procedures to ensure accurate data is used and subsequently appropriate analyses produced.
  • Building and maintaining relationships with internal and external stakeholders to strengthen customer focus

About you

We would love to hear from you if you have a good understanding of how an Actuarial Department works and are eager to advance your career. You need to work well with others and be proactive and self-motivated in driving tasks forward.

Skills you'll need:

  • Understanding of industry best practice in actuarial analysis, modelling and underwriting.
  • Good understanding of detailed reports and the ability to analyse them is important.
  • Communication, time management, and organizational skills.
  • Experience using MS Office applications such as Word, Excel, and PowerPoint, and knowledge of a programming language e.g. SAS, SQL.
  • Preference for General Insurance, but open to other Insurance areas. (Life Insurance Pensions, etc)

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