Actuarial Analyst - Marine

Miller; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading specialist (re)insurance broking partnership in London seeks an enthusiastic Actuarial Analyst. In this role, you'll build actuarial pricing models, analyze data, and communicate insights to enhance stakeholder understanding. The position offers a competitive salary and comprehensive benefits, fostering an inclusive work environment.

Benefits

10% pension contribution

Private Medical Insurance

Medicare cash plan

25 days annual leave

Life Assurance

Income Protection

Critical Illness Cover

Enhanced family leave policies

Qualifications

• Minimum of 2 years insurance market experience required.
• 5-8 exams remaining for IFOA qualification.

Responsibilities

• Build and maintain bespoke actuarial pricing models.
• Process, analyze, and interpret data for insights.
• Communicate analysis results to stakeholders.

Skills

Analytical skills

Data interpretation

Communication

Modeling

Education

Working towards IFOA Actuarial Fellowship

Job description

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The Actuarial Analytics team is seeking an enthusiastic Actuarial Analyst to expand and strengthen their team by providing prompt, accurate, and impactful insights and pricing analysis to key external clients and internal stakeholders across all business units.

As a leading specialist (re)insurance broking partnership, Miller is recognized as a leader in our specialist fields. With offices in London, Ipswich, Bermuda, Brussels, Paris, Singapore, and Switzerland, our network has grown to over 900 colleagues.

We act with integrity, make principled decisions, and provide clients with clear, honest, and unbiased advice. We are proud that our commitment to integrity and principled decision-making has earned us a reputation for keeping our promises to clients, markets, and colleagues.

Role Responsibilities

• Build and maintain bespoke actuarial pricing models and analytical frameworks (often with limited data) across Marine and non-Marine lines.
• Communicate insights from analysis to:
• enhance stakeholder understanding of risk profiles,
• structure and price optimal risk transfer solutions,
• support brokers in negotiating market terms,
• identify opportunities to design and sell innovative products, alternative marketing approaches, or new services to clients, thereby enhancing Miller’s value proposition.
• Process, analyze, and interpret data from internal and external sources to present analyses and reports to stakeholders.
• Refine existing pricing methods and data analysis using software and coding to increase efficiency and automate recurring tasks.
• Establish trusting relationships with stakeholders and communicate modelling processes, results, and significance both verbally and through formal reports and presentations.

Qualifications

Working towards IFOA Actuarial Fellowship qualification, with 5-8 exams remaining.

Experience

Minimum of 2 years insurance market experience.

We offer a competitive salary and a comprehensive benefits package, including:

• 10% pension contribution from Miller, with additional matching of employee contributions up to 5%.
• Private Medical Insurance
• Medicare cash plan
• Minimum of 25 days annual leave, with flexibility to purchase more
• Life Assurance
• Income Protection
• Critical Illness Cover
• Enhanced Maternity, Paternity, Adoption, and Shared Parental Leave

** Miller is committed to providing equal opportunities and fostering an inclusive working environment for all.