Actuarial Analyst – Hybrid role, Modelling & Insights

Tesco Insurance; Reigate and Banstead; Hybrid; GBP 38,000 - 48,000; Full time

Benefits offered by this job

Generous pension

Virtual GP Service

Annual bonus

Holiday 7.2 weeks

Clubcard discount

Enhanced parental leave

Save as you earn

Learning opportunities

Job summary

Tesco Insurance in Reigate is seeking an Actuarial Analyst to begin your actuarial career in a supportive and collaborative environment. You’ll work with experienced actuaries on reserving, data analysis, modelling and forecasting.

Through structured training and professional study support, you’ll gain exposure to IFRS17 and Solvency II, developing commercial skills and collaborating with stakeholders across Underwriting, Risk, Claims and Finance.

Qualifications

• A degree in a numerate subject such as Mathematics, Statistics, Actuarial Science, Economics, Engineering, Physics or a related discipline.
• Strong numerical and analytical skills.
• An interest in pursuing a professional actuarial qualification through the IFoA (or equivalent).
• Strong communication skills, with the ability to present technical information clearly and work as part of a team.
• The ability to manage and prioritise work effectively to meet deadlines.
• A proactive and structured approach to problem solving.
• A continuous improvement mindset, looking for ways to enhance processes and outputs.
• Flexibility to adapt to the changing insurance market.

Responsibilities

• Reserving and reporting: Delivering reserving analyses, for Motor and Home insurance, on a best estimate basis and contributing to internal and external reporting on insurance provisions under IFRS 17 and Solvency II bases.
• Data management and analysis: Processing, maintaining and analysing claims and policy data, ensuring high data quality, strong governance and accurate, timely management information.
• Actuarial modelling and methods: Developing, maintaining and validating actuarial models, assumptions and data requirements, and applying appropriate actuarial and statistical techniques to generate insights.
• Insights and decision support: Producing actuarial insights to support business decisions, supported by market and industry research.
• Process improvement: Supporting enhancements to reserving and reporting processes, actuarial systems and methodologies, with a focus on continuous improvement.
• Collaboration and stakeholder engagement: Working closely with Underwriting, Risk, Claims, Finance and other stakeholders to embed the actuarial function into the business.

Skills

Numerical analysis

Strong analytical skills

Communication skills

Time management

Team collaboration

Problem solving

Education

Degree in Mathematics/Statistics/Actuarial

Tools

Python

R

SQL

Power BI

SAS

Job description

Tesco Insurance in Reigate is seeking an Actuarial Analyst to begin your actuarial career in a supportive and collaborative environment. You’ll work with experienced actuaries on reserving, data analysis, modelling and forecasting.

Through structured training and professional study support, you’ll gain exposure to IFRS17 and Solvency II, developing commercial skills and collaborating with stakeholders across Underwriting, Risk, Claims and Finance.