Actuarial Analyst

PIB Group; Leeds; On-site; GBP 30,000 - 50,000; Full time

Job summary

An exciting opportunity awaits within a forward-thinking organization, where you can contribute as an Actuarial Analyst. This role involves supporting the reserving and pricing processes, collaborating with stakeholders to enhance business capabilities. You will engage in data analysis, develop pricing models, and maintain reporting processes. The company is committed to professional development and offers a flexible working policy, ensuring that employees can thrive in a supportive environment. Join a team that values innovation and excellence, and make a meaningful impact in the actuarial field.

Benefits

Competitive holiday allowance

Death in Service benefit

Company pension scheme

Generous maternity and paternity leave

Flexible benefits package

Employee discounts on various services

Referral schemes

Learning and development support

Community Trust fundraising support

Health and wellness programs

Qualifications

• 1-3 years of non-life industry experience required.
• Proficiency in Excel and data analysis is essential.
• Experience with actuarial software is preferred.

Responsibilities

• Support the production of new pricing models using GLMs and GBMs.
• Maintain the quarterly reserving process and conduct data checks.
• Communicate analysis and recommendations through data visualizations.

Skills

Data Analysis

Organizational Skills

Collaboration

Programming (SQL, Python)

Understanding of General Insurance Principles

Education

Bachelor's Degree in Actuarial Science

Bachelor's Degree in Mathematics

Tools

Excel

ResQ

Radar

Akur8

Emblem

Earnix

Job description

Q Underwriting (part of PIB Group) was created from multiple underwriting brands with extensive history in their chosen niches.

Q Underwriting provides 30+ niche commercial lines products all backed by A rated insurers.

There now exists an opportunity to recruit an Actuarial Analyst to support and assist with the reserving and pricing processes, supporting business capabilities for accurate analysis and insights.

You will be expected to capture and refine processes by collaborating with stakeholders to improve pricing and reporting outputs.

Responsibilities:

Technical

• Support with the production of new pricing models utilising GLMs, GBMs, NNs
• Maintain the quarterly reserving process via ResQ & Excel across all product lines: Motor, Casualty, Property & Others
• Complete key data checks as part of monthly reporting processes
• Cleanse and interrogate complex datasets to generate business insight

Reporting

• Contribute to the facilitation of automated reporting, data pipelines and quality assurance
• Support delivery of the business plan across each of the portfolios
• Communicate analysis and recommendations through data visualisations

General

• Participate in ad-hoc analyses and strategic initiatives as required to support business objectives.
• Pursue professional development and excellence with the support of the Learning & Development team

Requirements /Essential:

• Bachelor's degree in Actuarial Science, Mathematics or a related field
• A minimum of 1-3 years of non-life industry experience
• Experience analysing data and deriving insights from it.
• Understanding of general insurance principles and practices
• Proficiency in Excel
• Some programming skills e.g. SQL or python
• Strong organisational skills and the ability to manage multiple tasks and projects effectively.
• A proactive and collaborative approach to working with cross-functional teams.

Preferred:

• Progressing towards an actuarial qualification or similar body
• Experience with actuarial industry software: ResQ, Radar, Akur8, Emblem, Earnix
• Experience in presenting technical information to technical and non-technical stakeholders.
• Understanding of the Lloyd s and London markets lines of business
• Familiarity with programming languages such as SQL, R, or VBA for data analysis and model development

Further information
As well as a competitive salary we offer the following benefits -

Competitive holiday allowance with the annual option to buy additional days

Death in Service benefit of x4 salary

Company pension scheme

Very generous maternity and paternity leave packages

A flexible benefits package which allows you to add additional benefits to your overall package

Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more

Referral schemes

Discounted rates on PIB products

We offer a first-class employee benefits and welfare package to support our employees with financial management, cycle to work scheme, counselling support, health screening, will writing, menopause support, books, stopping smoking and much more

We also offer a wide range of discounts including a kids pass giving you discount to over 4500 attractions and activities, discounts at hairdressers and beauticians, climate change projects with lots of other options to choose

PIB has a comprehensive learning & development framework, including professional study options and apprenticeships which are available to all employees, and which will support your career development

Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity

PIB Group are committed to improving their environmental impact in a responsible way. From the individual actions that our colleagues take every day through to installing the right facilities across our premises, there are many measures in place to help reduce PIB s carbon footprint.

We are proud of our success and growth and have been recognised for many industry awards across our business. If you wish to work for a company that truly puts people at the heart of their organisation, then we would love to hear from you. PIB operates a flexible working policy, and our management teams will talk to you about how that would meet both your flexible working needs and those of the business and role you are applying for. We would love to hear from you if you want to hear more about opportunities in PIB.

We are an equal opportunities employer, committed to hiring a diverse and inclusive workforce. We do not discriminate on the basis of race, colour, gender, religion, disability, age, sexual orientation or any other characteristic protected by law.

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