Actuarial Analyst

BMS Group; Greater London; Hybrid; GBP 50,000 - 70,000; Full time

Benefits offered by this job

27 days holiday

Private medical cover

Annual health checks

Virtual 24hr GP

Critical illness cover

Gym subsidy

Retail discounts

Equity purchase option

Defined contribution pension

Job summary

BMS Group is seeking an Actuarial Analyst to join the Actuarial Analytics team. You will provide analytical and actuarial support across insurance and reinsurance lines, handling portfolio analysis, profitability, and strategic projects.

The role offers exposure to technical and client-facing activities and supports the actuarial qualification process, with a collaborative, hybrid working environment in London.

Qualifications

• Bachelor’s degree at university (2:1 minimum) in Mathematics, Actuarial Science, Economics, Finance or Business.
• Foundation knowledge of actuarial concepts including pricing and reserving.
• Interest or experience in Python and analytical tools.

Responsibilities

• Extract, cleanse, validate, and transform client datasets for actuarial analysis.
• Utilise Python and other analytical tools to automate processes.
• Assist in analysis of insurance and reinsurance structures and portfolio profitability.
• Prepare clear reports with visualisations and dashboards for technical and non-technical audiences.
• Support continuous improvements in processes and models.
• Collaborate with brokers, actuaries, and catastrophe analysts.
• Contribute to strategic analytics projects and growth of analytics function.
• Maintain education requirements for actuarial qualification.

Skills

Numerical skills

Statistical skills

Communication

Interpersonal skills

Python

Excel

Adaptability

Initiative

Actuarial qualification pursuit

Education

Bachelor’s degree in Mathematics/Actuarial Science/Economics/Finance/Business

Tools

Python

Excel

Job description

Job Title: Actuarial Analyst

Team: Actuarial Analytics

Reports To: Actuary

About BMS

BMS is a dynamic, independent global broker delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.

We are a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia with both a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.

Position Overview

In this role you will function as an integral member of the actuarial and broking team, providing analytical and actuarial support to brokers, clients and prospects. You will work across a wide range of insurance and reinsurance lines of business, supporting portfolio analysis, reinsurance structuring, profitability assessments, and strategic projects.

You will be part of a growing and dynamic team with the opportunity to gain extensive experience in actuarial analysis, data analytics, portfolio management, and alternative capital solutions. The role will provide exposure to both technical and client-facing activities and offers an excellent opportunity to develop actuarial, analytical, and commercial expertise while progressing through the actuarial qualification process.

Essential Responsibilities:

• Extract, cleanse, validate, and transform client datasets to be used in actuarial analysis.
• Utilise Python and other analytical tools to automate processes and improve efficiency.
• Assist in analysis of insurance and reinsurance structures, evaluating performance of portfolios, identifying loss trends, and calculation of portfolio profitability.
• Assist in interpreting the results of actuarial analysis and produce clear and insightful reports through visualisations, dashboards, and presentations.
• Present findings and recommendations to both technical and non-technical audiences.
• Support continuous improvements in processes and models.
• Work collaboratively with brokers, actuaries, and catastrophe analysts across the business.
• Support strategic projects and contribute to the continued growth of the analytics function.
• Perform required actuarial work in a highly professional and timely manner.
• Maintain the continuing education requirements as required by the Institute and Faculty of Actuaries.

What We're Looking For – Functional & Behavioural Competencies

• Bachelor’s degree from university preferably in Mathematics, Actuarial Science, Economics, Finance or Business (2:1 minimum)
• Foundation knowledge and understanding of actuarial concepts, including pricing and reserving.
• Ability to interact with all levels of employees with good interpersonal and relationship management skills. Communicate clearly and effectively, both verbally and in writing.
• Experience using or an interest in developing skills in Python and other analytical tools.
• Advanced Microsoft Excel skills
• Strong numerical and statistical skills with excellent attention to detail.
• Forward thinker who demonstrates initiative, curiosity, and a desire to learn.
• Ability to adapt and respond positively to changing priorities and deadlines.
• Progression towards actuarial qualification or a commitment to pursuing qualification through the Institute and Faculty of Actuaries would be advantageous.

Behavioural Competencies

• Personally demonstrate the five BMS values and ensure that team members are aligned with these:
• We put clients first
• We work as one
• We find a way
• We sweat the details
• We take ownership

What’s in it for me?

• BMS is a thriving business with strong growth and ambition in the attractive broking market segment. This is an opportunity to support the build out of analytics.
• The individual will get exposure to all opportunities within the team and to work on a wide range of opportunities across advisory and risk transfer
• BMS focuses on its culture and operates with a collaborative environment
• Opportunity to learn and develop into a wide range of lines of business and in an entrepreneurial environment
• Actuarial exam programme to support your ongoing progress of exams

This role offers a competitive salary and bonus, 27 days holiday, plus access to our personalised benefits platform, Your Rewards, including:

• comprehensive private medical cover for you and your dependents
• complimentary annual health checks
• access to a virtual 24hr GP
• critical illness cover
• gym subsidy & dedicated wellbeing support
• retail discounts
• opportunity to purchase equity
• defined contribution pension

Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to ‘building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.’ As such, we have created our ‘BMS Together’ programme, with dedicated training, collaborative committees and intentional partnerships. In support of our ESG vision, we offer two additional paid days each year to take part in charitable work.

BMS offers flexible and hybrid working policies and we’re happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.