Actuarial Analyst

hireful; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

An established industry player is seeking an Actuarial Analyst to join their dynamic team. This role involves supporting the reserving and pricing processes, collaborating with stakeholders to enhance pricing models, and ensuring accurate reporting. You will engage in data analysis using advanced tools and techniques, contributing to strategic initiatives and professional development. With a commitment to employee welfare and a flexible working policy, this organization offers a supportive environment for growth and innovation. If you are passionate about data and eager to make a meaningful impact, this opportunity is for you.

Benefits

Competitive holiday allowance

Death in Service benefit

Company pension scheme

Generous maternity and paternity leave

Flexible benefits package

Discounts on technology & electronics

Referral schemes

First-class employee welfare package

Learning & development framework

Community Trust fundraising support

Qualifications

• 1-3 years of experience in the non-life industry with strong analytical skills.
• Proficiency in programming languages like SQL or Python is essential.

Responsibilities

• Support the production of pricing models and maintain the reserving process.
• Cleanse complex datasets to generate insights and contribute to automated reporting.

Skills

Data Analysis

Organizational Skills

Collaboration

Programming (SQL, Python)

Understanding of General Insurance Principles

Education

Bachelor's degree in Actuarial Science, Mathematics or related field

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

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

Reporting

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

General

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

Requirements /Essential:

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

Preferred:

1. Progressing towards an actuarial qualification or similar body
2. Experience with actuarial industry software: ResQ, Radar, Akur8, Emblem, Earnix
3. Experience in presenting technical information to technical and non-technical stakeholders.
4. Understanding of the Lloyd’s and London markets lines of business
5. 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 -

1. Competitive holiday allowance with the annual option to buy additional days
2. Death in Service benefit of x4 salary
3. Company pension scheme
4. Very generous maternity and paternity leave packages
5. A flexible benefits package which allows you to add additional benefits to your overall package
6. Our benefits portal offers discounts on technology & electronics, cinemas, restaurants, days out, mortgage advice, travel and many more
7. Referral schemes
8. Discounted rates on PIB products
9. 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
10. 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
11. 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
12. Being a part of our PIB Community Trust, we support fundraising where you can apply for grants from PIB Group towards your chosen charity
13. 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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