Actuarial Analyst [M&A]

Compre Group; Greater London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A specialized insurance firm in London is seeking an Actuarial Analyst (M&A) to join their team. The role involves conducting due diligence for acquisitions, drafting actuarial papers, and managing transactions. Candidates should have 2-3 years of experience in the non-life insurance sector, strong reserving skills, and excellent proficiency in Excel. The company offers a hybrid work model and a range of benefits including a competitive salary and health subsidies.

Benefits

Competitive salary & annual bonus

Health & wellbeing subsidy

Generous pension

Private healthcare

Life assurance

Income protection

25 days annual leave

Cycle to work scheme

Season ticket loan

Electric vehicle scheme

Employee Assistance Programme

Learning/study support

Qualifications

• Part-qualified actuary with experience in non-life insurance.
• Strong reserving and transaction due diligence experience required.
• Excellent IT skills, particularly in Excel, are essential.

Responsibilities

• Conduct M&A due diligence appraisals for new acquisitions.
• Draft actuarial due diligence papers detailing reserving and capital metrics.
• Support day-to-day management of transactions within team.

Skills

Part-qualified actuary

Non-life reserving experience

Excellent IT skills

Strong attention to detail

Personable team player

Education

2-3 years’ experience in non-life insurance

Tools

Excel

Job description

Overview

Description

Actuarial Analyst (M&A) – [hybrid, 2 days minimum in office]

London

Permanent

We are Compre, a leading legacy specialist with over 30 years of experience in the acquisition and management of discontinued and legacy non-life insurance and reinsurance business.

In this unique opportunity, you will join a small team and be at the forefront of our new deals in North American, European and the London Lloyd’s markets, contributing strongly to our due diligence process from an actuarial perspective.

Responsibilities

• M&A due diligence appraisals for new acquisitions – reserving, capital, pricing and structuring support.
• Drafting of Actuarial due diligence papers in relation to the work performed, including the reserving, capital and valuation metrics.
• Support the day-to-day management of transactions including interactions the wider M&A and Claims team.
• Take an active role within the actuarial communication and meetings with vendors.
• Support the overall transition of successful deals to the Reserving & Reporting Actuarial team and wider business.

Candidate requirements

• Part-qualified actuary with 2-3 years’ experience in the non-life insurance / reinsurance sectors
• Strong non-life reserving experience, including various liability lines of business.
• Able to build strong relationships and work effectively with a number of different teams across the Group, as well as external advisors.
• Able to take ownership of multiple work streams and deals simultaneously.
• Prior reserving experience is essential, capital experience would be an advantage.
• Experience within transaction due diligence and / or risk-based pricing experience would be an advantage.
• Excellent IT skills including a high proficiency in Excel.
• Personable and strong team player.
• Strong attention to detail.
• Diligent, self-driven and organised, with excellent time management skills.
• Fitting in with our culture and values. We are collaborative, progressive, authentic, empowered and value each other.

Benefits

Compre is a global speciality reinsurance company that offers capital and liability solutions to its clients, providing them with the certainty they need on their portfolios. We are known for being trusted partners to the market and for having a team of experts who collaborate and maintain discipline in underwriting, ensuring a differentiated client experience.

As an ambitious business, we are focused on building depth, breadth, and diversity in the talent across our business to be future-ready. Our clients' needs evolve as the market changes, which is why we continuously invest in areas such as data and technology. This way, we can serve current and future clients' needs with scalable and new technology, delivered by our growing agile Data and Technology team.

• Our values are what make us stand out. We value each other, empower and hold ourselves accountable, are authentic, collaborative and inclusive, and continuously strive for progress and innovation.

Why join us?

At Compre, we offer a range of benefits and team engagement events and provide a supportive environment for learning and growth. We are intent upon building a great business, and over the last few years, we have expanded our markets across Europe, Lloyd's, and North America. Our team is based in Bermuda, Finland, Germany, Malta, UK and the US.

To keep our globally dispersed team connected, we have various employee resource groups, including Wellbeing, DEI, COMMS and Engagement.

We invest in our people and offer learning and development opportunities for leaders and employees to build confidence and grow their skill sets. We value teamwork, authenticity, and innovation, and provide a space for these behaviours to bloom at Compre.

Make an impact in a collaborative environment with some of the best talent in the industry, while enjoying :

• competitive salary & annual bonus
• a health & wellbeing subsidy (£20 per month) (from Day 1)
• a generous pension (eligible after probationary period)
• private healthcare from BUPA and a Healthcare Cash Plan from Medicash (from Day 1)
• life assurance (from Day 1)
• income protection (from Day 1)
• 25 days annual leave (from Day 1)
• cycle to work scheme (from Day 1)
• season ticket loan (interest free) (eligible after probationary period)
• electric vehicle scheme (eligible after probationary period)
• EAP (Employee Assistance Programme) (from Day 1)
• learning / study support and reimbursement for professional memberships
• hybrid working
• employee socials and recognition programme

Compre is an insurance & reinsurance legacy specialist focused on the acquisition and management of discontinued non-life portfolios, With Operations in Bermuda, Finland, Germany, Malta, Switzerland and the UK. We have significant experience in all classes of direct and reinsurance business, including property, liability, marine and motor. Compre is privately owned with shareholders actively involved in management of the business.